SLM Corp
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
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FY2024 · Filed Feb 20, 2025
SLM$16.78-0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets as of December 31, 202 and
| CONSOLIDATED BALANCE SHEETS | ||
|---|---|---|
| As of December 31, (dollars in thousands, except share and per share amounts) | 2024 | 2023 |
| Assets | ||
| Cash and cash equivalents | $4,700,366 | $4,149,838 |
| Investments: | ||
| Trading investments at fair value (cost of $41,715 and $43,412, respectively) | 53,262 | 54,481 |
| Available-for-sale investments at fair value (cost of $2,042,473 and $2,563,984, respectively) | 1,933,226 | 2,411,622 |
| Other investments | 112,377 | 91,567 |
| Total investments | 2,098,865 | 2,557,670 |
| Loans held for investment (net of allowance for losses of $1,435,920 and $1,339,772, respectively) | 20,902,158 | 20,306,357 |
| Restricted cash | 173,894 | 149,669 |
| Other interest-earning assets | 4,880 | 9,229 |
| Accrued interest receivable | 1,546,590 | 1,379,904 |
| Premises and equipment, net | 119,354 | 129,501 |
| Goodwill and acquired intangible assets, net | 63,532 | 68,711 |
| Income taxes receivable, net | 425,625 | 366,247 |
| Other assets | 36,846 | 52,342 |
| Total assets | $30,072,110 | $29,169,468 |
| Liabilities | ||
| Deposits | $21,068,568 | $21,653,188 |
| Long-term borrowings | 6,440,345 | 5,227,512 |
| Other liabilities | 403,277 | 407,971 |
| Total liabilities | 27,912,190 | 27,288,671 |
| Commitments and contingencies | ||
| Equity | ||
| Preferred stock, par value $0.20 per share, 20 million shares authorized: | ||
| Series B: 2.5 million and 2.5 million shares issued, respectively, at stated value of $100 per share | 251,070 | 251,070 |
| Common stock, par value $0.20 per share, 1.125 billion shares authorized: 440.6 million and 438.2 million shares issued, respectively | 88,121 | 87,647 |
| Additional paid-in capital | 1,193,753 | 1,148,689 |
| Accumulated other comprehensive loss (net of tax benefit of $(21,209) and $(24,176), respectively) | (65,861) | (75,104) |
| Retained earnings | 4,114,446 | 3,624,859 |
| Total SLM Corporation stockholders’ equity before treasury stock | 5,581,529 | 5,037,161 |
| Less: Common stock held in treasury at cost: 230.2 million and 217.9 million shares, respectively | (3,421,609) | (3,156,364) |
| Total equity | 2,159,920 | 1,880,797 |
| Total liabilities and equity | $30,072,110 | $29,169,468 |
2024 Form 10-K — SLM CORPORATIONF-7
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