What is SLM's charge-off?

SLM (SLM) reported charge-off of $116M in Q1 2025.

How has SLM's charge-off changed year-over-year?

SLM's charge-off decreased by 12.9% year-over-year, from $133.2M to $116M.

SLM SLM Charge-off

Charge-off at other companies

Jackson FinancialJXN

$0—

Simmons First NationalSFNC

$6.68M—

PNC Financial ServicesPNC

$309M-1.0%

Granite Point Mortgage TrustGPMT

$0-100%

BankUnitedBKU

$36.8M+61.7%

First BanCorpFBP

$27.2M-3.6%

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$4.34B-31.4%

Enterprise value$5.63B-34.6%

P/E5.8×-4.3×

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:FinancingReceivableExcludingAccruedInterestAllowanceForCreditLossLoanSold.

The official record: SLM’s 10-Q, filed April 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is SLM's charge-off?: SLM (SLM) reported charge-off of $116M in Q1 2025.
How has SLM's charge-off changed year-over-year?: SLM's charge-off decreased by 12.9% year-over-year, from $133.2M to $116M.