SLM Corp Segments Disclosure
| Years Ended December 31, (dollars in thousands) | 2025 | 2024 | 2023 | |||||||||||||||||
| Non-interest expenses: | ||||||||||||||||||||
| Compensation and benefits | $ | 345,814 | $ | 349,387 | $ | 326,554 | ||||||||||||||
| Professional fees | 148,161 | 129,472 | 145,062 | |||||||||||||||||
| Technology expenses | 76,058 | 57,431 | 54,942 | |||||||||||||||||
| FDIC assessment fees | 34,291 | 51,606 | 45,766 | |||||||||||||||||
| Other operating expenses | 51,261 | 48,674 | 46,882 | |||||||||||||||||
| Total operating expenses | 655,585 | 636,570 | 619,206 | |||||||||||||||||
| Acquired intangible assets impairment and amortization expense | 3,558 | 5,329 | 66,364 | |||||||||||||||||
| Total non-interest expenses | $ | 659,143 | $ | 641,899 | $ | 685,570 | ||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 19, 2026 | Showing above |
| 2024 | Feb 20, 2025 | |
About Segments Disclosures
Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.
Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.