Interest income: | |
Loan interest | 193.72M |
Investment interest | 2.46M |
Total interest income | 196.18M |
Interest expense: | |
Interest on bonds and notes payable | 96.39M |
Net interest income | 99.8M |
Less provision for loan losses | |
Net interest income after provision for loan losses | 93.8M |
Other income (expense): | |
Loan and guaranty servicing revenue | |
Tuition payment processing and campus commerce revenue | 33.07M |
Enrollment services revenue | 0 |
Software services revenue | |
Other income | 15.15M |
Gain on sale of loans and debt repurchases | 2.16M |
Derivative market value and foreign currency adjustments and derivative settlements, net | 36M |
Total other income | 145.08M |
Operating expenses: | |
Salaries and benefits | 63.74M |
Cost to provide enrollment services | 0 |
Depreciation and amortization | 8.99M |
Restructure expense | |
Other | 26.39M |
Total operating expenses | 106.79M |
Income before income taxes | |
Income tax expense | -47.72M |
Net income | 84.29M |
Earnings per common share: | |
Net earnings - basic (in Dollars per share) | |
Net earnings - diluted (in Dollars per share) | |
Weighted average common shares outstanding: | |
Basic (in Shares) | |
Diluted (in Shares) |