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SLM SLM Net Interest Income

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Other financials

Income statement

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Net income$308.0M+1.1%
EPS (diluted)$1.54+10.0%

Balance sheet

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Cash & equivalents$5.4B+39.1%
Total debt$6.7B+8.5%
Total equity$2.4B+1.5%
Total assets$29.4B+1.8%

Cash flow

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Operating cash flow-$76.0M+48.0%

Valuation

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Market cap$5.15B-22.4%
Enterprise value$6.44B-26.8%
P/E6.9×-8.1×

Returns & leverage

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Return on equity30.9%+3.3pp
Debt / equity2.7×+0.2×

Where this comes from

Reported directly by SLM in its filing.

Tagged under the XBRL concept us-gaap:InterestIncomeExpenseNet.

The source filing: SLM’s 10-Q, filed April 23, 2026.

Filed
Apr 23, 2026, 4:33 PM EDT
Fiscal quarter
Q4 FY2026
Calendar quarter
Q4 2026
Accession
0001032033-26-000025
CONSOLIDATED STATEMENTS OF INCOME (Unaudited) / (Dollars in thousands, except per share amounts)Three Months Ended March 31, 2026Three Months Ended March 31, 2025
Interest expense on short-term borrowings5,1283,401
Interest expense on long-term borrowings68,16173,580
Total interest expense273,898281,120
Net interest income375,411374,970
Less: provisions for credit losses(11,466)23,286
Net interest income after provisions for credit losses386,877351,684
Non-interest income:
Gains on sales of loans, net146,313187,735

Item 1. Financial Statements

FAQ

What is SLM's net interest income?
SLM (SLM) reported net interest income of $375.41M in Q1 2026.
How has SLM's net interest income changed year-over-year?
SLM's net interest income increased by 0.1% year-over-year, from $374.97M to $375.41M.
What is the long-term trend for SLM's net interest income?
Over 4 years (2021 to 2025), SLM's net interest income has grown at a 1.9% compound annual growth rate (CAGR), from $1.39B to $1.5B.
What does net interest income mean?
This is the difference between the interest earned on loans and investments and the interest paid on funding sources like deposits and debt. It represents the core profitability of the company's lending operations before accounting for credit losses or operating expenses. A stable or growing net interest income is essential for long-term financial sustainability.

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