INCOME STATEMENT (Quarterly GAAP In millions $) |
(Sep 30 2023) III. Quarter |
(Jun 30 2023) II. Quarter |
(Mar 31 2023) I. Quarter |
(Dec 31 2022) IV. Quarter |
(Sep 30 2022) III. Quarter |
Interest Income, Operating |
778.00 |
720.00 |
693.00 |
654.00 |
553.00 |
Other Income |
392.00 |
377.00 |
378.00 |
370.00 |
328.00 |
Total Interest Income |
1,170.00 |
1,097.00 |
1,071.00 |
1,024.00 |
881.00 |
Total Interest Expense |
879.00 |
919.00 |
837.00 |
801.00 |
641.00 |
Net Interest Income |
291.00 |
178.00 |
234.00 |
223.00 |
240.00 |
Provision
for loan losses |
72.00 |
11.00 |
-14.00 |
17.00 |
28.00 |
Total Net Interest Income |
219.00 |
167.00 |
248.00 |
206.00 |
212.00 |
Bank Servicing Fees |
- |
- |
- |
- |
- |
Profit (Loss) from Real Estate Operations |
- |
- |
- |
- |
- |
Other Noninterest Income |
- |
- |
- |
- |
- |
Ffelp Loans Income Loss |
- |
- |
- |
- |
- |
Private Education Loans Income Loss |
- |
- |
- |
- |
- |
Cash And Investments Interest Income Loss |
- |
- |
- |
-6.00 |
- |
Asset Recovery And Business Processing Revenue |
- |
- |
- |
-185.00 |
- |
Revenue From Contract With Customer Excluding Assessed Tax |
- |
- |
- |
- |
- |
Servicing Revenue |
- |
- |
- |
-35.00 |
- |
Loss/ -Gain on Investment |
26.00 |
26.00 |
-8.00 |
11.00 |
40.00 |
Other Non-Interest Income |
105.00 |
103.00 |
96.00 |
324.00 |
110.00 |
Total Noninterest Income |
131.00 |
129.00 |
88.00 |
109.00 |
150.00 |
Total Revenues |
350.00 |
296.00 |
336.00 |
315.00 |
362.00 |
Salaries & employee benefits, SGA |
99.00 |
98.00 |
105.00 |
108.00 |
106.00 |
Restructuring, Accretion & impairment charges |
4.00 |
15.00 |
4.00 |
12.00 |
21.00 |
Real Estate, Other Assets Expense |
- |
- |
- |
- |
- |
Communications, Occupancy and Information Technology |
- |
- |
- |
- |
- |
Professional Fees and Commission |
- |
- |
- |
- |
- |
Policyholder Benefits and Claims Incurred, Net |
- |
- |
- |
- |
- |
Equipment, Postage and Supplies Net |
- |
- |
- |
- |
- |
Federal Deposit Insurance Corporation Premium Expense |
- |
- |
- |
- |
- |
Other Noninterest Expense |
134.00 |
84.00 |
80.00 |
79.00 |
88.00 |
Goodwill And Acquired Intangible Assets Impairment And Amortization Expense |
3.00 |
3.00 |
3.00 |
2.00 |
10.00 |
Interest Income Operating On Education Loans |
351.00 |
341.00 |
344.00 |
1,195.00 |
- |
Interest Income Operating On Education Loans |
- |
- |
- |
1,195.00 |
- |
Interest Income Operating On Education Loans |
- |
- |
- |
1,195.00 |
- |
Interest Income Operating On Education Loans |
- |
- |
- |
1,195.00 |
- |
Other loss/ -income |
-351.00 |
-341.00 |
-344.00 |
-4,780.00 |
- |
Total Operating
Expenses |
240.00 |
200.00 |
192.00 |
201.00 |
225.00 |
Total Costs & Expenses |
1,119.00 |
1,119.00 |
1,029.00 |
1,002.00 |
866.00 |
Income /-loss before income taxes |
110.00 |
96.00 |
144.00 |
114.00 |
137.00 |
Income taxes expenses/-benefit |
31.00 |
30.00 |
33.00 |
9.00 |
32.00 |
Income after income taxes |
79.00 |
66.00 |
111.00 |
105.00 |
105.00 |
Net income/-loss
of other equity |
- |
- |
- |
- |
- |
Income /-loss after income taxes |
79.00 |
66.00 |
111.00 |
105.00 |
105.00 |
Stockholders Equity Attributable to Noncontrolling Interest |
- |
- |
- |
- |
- |
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent |
- |
- |
- |
- |
- |
Extraordinary Items |
- |
- |
- |
- |
- |
Net Income/-loss |
79.00 |
66.00 |
111.00 |
105.00 |
105.00 |
Noncontrolling interests |
- |
- |
- |
- |
- |
Prefered dividends |
- |
- |
- |
- |
- |
Other |
- |
- |
- |
- |
- |
Income/-loss to shareholder |
79.00 |
66.00 |
111.00 |
105.00 |
105.00 |