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SLM SLM Total Interest Expense

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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-22.3%
Enterprise value$6.43B-26.7%
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:InterestExpenseLongTermDebt.

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:
Deposits200,609204,139
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

Item 1. Financial Statements

FAQ

What is SLM's total interest expense?
SLM (SLM) reported total interest expense of $68.16M in Q1 2026.
How has SLM's total interest expense changed year-over-year?
SLM's total interest expense decreased by 7.4% year-over-year, from $73.58M to $68.16M.
What is the long-term trend for SLM's total interest expense?
Over 4 years (2021 to 2025), SLM's total interest expense has grown at a 22.0% compound annual growth rate (CAGR), from $137.76M to $305.22M.
What does total interest expense mean?
This represents the total cost incurred by the institution on deposits, borrowings, and other interest-bearing liabilities used to fund its loan portfolio. It is a primary indicator of the company's cost of capital and funding efficiency. Managing this expense is critical for maintaining healthy net interest margins in a competitive lending environment.

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