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Selected Quarterly Financial Information (unaudited) | 12 Months Ended
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Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract] |
Selected Quarterly Financial Information (unaudited) | Selected Quarterly Financial Information (unaudited)
|  | 2015
|  | First |  | Second |  | Third |  | Fourth
(Dollars in thousands, except per share data) |  | Quarter |  | Quarter |  | Quarter |  | Quarter
Net interest income |  | $ | 170,954 |  |  | $ | 168,257 |  |  | $ | 175,442 |  |  | $ | 187,846 |
Less: provisions for credit losses |  | 16,618 |  |  | 15,558 |  |  | 27,497 |  |  | 30,382 |
Net interest income after provisions for credit losses |  | 154,336 |  |  | 152,699 |  |  | 147,945 |  |  | 157,464 |
Gains on sales of loans, net |  | — |  |  | 76,874 |  |  | — |  |  | 58,484 |
Gains (losses) on derivative and hedging activities, net |  | 3,292 |  |  | 1,602 |  |  | (547 | ) |  | 953 |
Other income |  | 8,007 |  |  | 10,912 |  |  | 10,455 |  |  | 12,561 |
Operating expenses |  | 81,187 |  |  | 89,799 |  |  | 92,864 |  |  | 85,245 |
Acquired intangible asset impairment and amortization expense |  | 370 |  |  | 370 |  |  | 370 |  |  | 370 |
Restructuring and other reorganization expenses |  | 4,657 |  |  | 744 |  |  | 910 |  |  | (913 | )
Income tax expense |  | 31,722 |  |  | 60,158 |  |  | 17,985 |  |  | 54,915 |
Net income attributable to SLM Corporation |  | 47,699 |  |  | 91,016 |  |  | 45,724 |  |  | 89,845 |
Preferred stock dividends |  | 4,823 |  |  | 4,870 |  |  | 4,913 |  |  | 4,989 |
Net income attributable to SLM Corporation common stock |  | $ | 42,876 |  |  | $ | 86,146 |  |  | $ | 40,811 |  |  | $ | 84,856 |
Basic earnings per common share attributable to SLM Corporation |  | $ | 0.10 |  |  | $ | 0.20 |  |  | $ | 0.10 |  |  | $ | 0.20 |
Diluted earnings per common share attributable to SLM Corporation |  | $ | 0.10 |  |  | $ | 0.20 |  |  | $ | 0.09 |  |  | $ | 0.20 |
|  | 2014
|  | First |  | Second |  | Third |  | Fourth
(Dollars in thousands, except per share data) |  | Quarter |  | Quarter |  | Quarter |  | Quarter
Net interest income |  | $ | 139,238 |  |  | $ | 144,539 |  |  | $ | 144,026 |  |  | $ | 150,676 |
Less: provisions for credit losses |  | 39,159 |  |  | 1,014 |  |  | 14,898 |  |  | 30,458 |
Net interest income after provisions for credit losses |  | 100,079 |  |  | 143,525 |  |  | 129,128 |  |  | 120,218 |
Gains on sales of loans, net |  | 33,888 |  |  | 1,928 |  |  | 85,147 |  |  | 396 |
(Losses) gains on derivative and hedging activities, net |  | (764 | ) |  | (9,458 | ) |  | 5,401 |  |  | 825 |
Other income |  | 8,136 |  |  | 15,229 |  |  | 5,461 |  |  | 11,095 |
Operating expenses |  | 63,671 |  |  | 60,479 |  |  | 72,079 |  |  | 78,724 |
Acquired intangible asset impairment and amortization expense |  | 1,767 |  |  | 1,156 |  |  | 1,150 |  |  | (855 | )
Restructuring and other reorganization expenses |  | 229 |  |  | 13,520 |  |  | 14,079 |  |  | 10,483 |
Income tax expense |  | 28,658 |  |  | 31,941 |  |  | 54,903 |  |  | 24,465 |
Net income |  | 47,014 |  |  | 44,128 |  |  | 82,926 |  |  | 19,717 |
Less: net loss attributable to noncontrolling interest |  | (434 | ) |  | — |  |  | — |  |  | — |
Net income attributable to SLM Corporation |  | 47,448 |  |  | 44,128 |  |  | 82,926 |  |  | 19,717 |
Preferred stock dividends |  | — |  |  | 3,228 |  |  | 4,850 |  |  | 4,855 |
Net income attributable to SLM Corporation common stock |  | $ | 47,448 |  |  | $ | 40,900 |  |  | $ | 78,076 |  |  | $ | 14,862 |
Basic earnings per common share attributable to SLM Corporation |  | $ | 0.11 |  |  | $ | 0.1 |  |  | $ | 0.18 |  |  | $ | 0.04 |
Diluted earnings per common share attributable to SLM Corporation |  | $ | 0.11 |  |  | $ | 0.09 |  |  | $ | 0.18 |  |  | $ | 0.03 |

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=51825399&loc=d3e1280-108306 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e725-108305 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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