SLM Corporation Financial Report: Key Insights for Investors (Feb 2025)
Based on the provided XML section of the financial report, here are the key pieces of information extracted:
- Entity Information:
- Company Name: SLM Corporation (SLM CORP DE)
- CIK (Central Index Key): 0001032033
- SEC File Number: 001-13251
- EIN (Employer Identification Number): 52-2013874
- Address: 300 Continental Drive, Newark, DE 19713
- Contact Number: 302-451-0200
- Stock Information:
- Common Stock: Par value of $0.20 per share.
- Preferred Stock: Floating Rate Non-Cumulative Preferred Stock, Series B, with a par value of $0.20 per share.
- Stock Tickers:
- Common Stock: SLM (NASDAQ)
- Preferred Stock: SLMBP (NASDAQ)
- Report Context:
- Filing Date: February 18, 2025
- Reporting Period: The report covers a single day, February 18, 2025.
- Stock Classifications:
- The report includes classifications for common stock and non-cumulative preferred stock, indicating the types of equity the company has issued.
- XBRL Information:
- The filing is prepared in XBRL (eXtensible Business Reporting Language) format, which is standard for SEC filings to facilitate data sharing and analysis.
Insights:
- The information suggests that SLM Corporation is actively engaged in capital markets, offering both common and preferred stock to investors.
- The presence of preferred shares indicates a strategy to attract investors looking for fixed income (floating rate) security, which may appeal to a specific investor base.
- The filing date and period imply that this is a real-time update rather than a quarterly or annual report, possibly indicating a significant event or announcement relevant to investors.
- The structured format of the report enhances the accessibility of the data for analysis, allowing for easier integration into financial databases or platforms.
This information may be critical for investors, analysts, and stakeholders assessing the company's financial health and capital structure.