Sallie Mae Bank: Yields and Funding Costs
Data as of · Call Report Schedules RI and RC-K How we update
What the bank earns on its assets, what it pays for its funding, and the spread between them. Net interest margin is the output of the two: it is the engine of earnings for almost every commercial bank.
Net interest margin dropped 0.45 percentage points in Q2 2026, from 5.40% to 4.95%. It was the largest change from Q1 2026 among the key lines here. Within Utah, Sallie Mae Bank is 24th of 44 on net interest margin, 4.95% as of Q2 2026, below the middle of the field. The median for banks in the $10B-100B asset tier is 3.60% on net interest margin. Sallie Mae Bank sits 1.35 points higher, at 4.95% (Q2 2026).
Asset yields
| Line item | Q2 2026 |
|---|---|
| Yield on earning assets | 8.61% |
| Yield on loans | 10.25% |
| Yield on securities | 3.51% |
Funding costs
| Line item | Q2 2026 |
|---|---|
| Cost of funds | 4.01% |
| Cost of interest-bearing deposits | 3.79% |
| Cost of interest-bearing liabilities | 4.03% |
| Cost of borrowings | 5.04% |
Spread and margin
| Line item | Q2 2026 |
|---|---|
| Net interest margin | 4.95% |
| Yield to cost spread | 4.58% |
Interest income and expense
| Line item | Q2 2026 |
|---|---|
| Interest income on loans | $542.8M |
| Total interest expense | $257.2M |
| Interest expense on deposits | $194.1M |
Yields and Funding Costs trend
Last 12 quarters as filed. Every value plotted here also appears in the tables above.
Yields and Funding Costs by quarter
| Quarter | Yield on earning assets | Cost of funds | Net interest margin | Loans | Securities |
|---|---|---|---|---|---|
| Q3 2023 | 9.34% | 4.05% | 5.63% | 11.01% | 2.08% |
| Q4 2023 | 9.42% | 4.22% | 5.56% | 11.06% | 2.22% |
| Q1 2024 | 9.43% | 4.17% | 5.64% | 10.95% | 2.35% |
| Q2 2024 | 9.23% | 4.14% | 5.47% | 10.81% | 2.57% |
| Q3 2024 | 9.15% | 4.39% | 5.15% | 10.80% | 2.75% |
| Q4 2024 | 9.06% | 4.34% | 5.08% | 10.60% | 3.00% |
| Q1 2025 | 9.12% | 4.13% | 5.35% | 10.47% | 3.00% |
| Q2 2025 | 9.23% | 4.16% | 5.45% | 10.60% | 3.13% |
| Q3 2025 | 9.24% | 4.23% | 5.40% | 10.68% | 3.32% |
| Q4 2025 | 9.17% | 4.13% | 5.42% | 10.54% | 3.37% |
| Q1 2026 | 9.06% | 4.02% | 5.40% | 10.34% | 3.31% |
| Q2 2026 | 8.61% | 4.01% | 4.95% | 10.25% | 3.51% |
Sallie Mae Bank yields and funding costs, all the way back
Yields and Funding Costs back to 2001 · peer percentiles on every line item · Excel export
Unlock Sallie Mae Bank, freeSource: Call Report Schedules RI and RC-K, as filed with the FFIEC and standardized by BankRegReports. Dollar amounts are as reported, point-in-time; income statement items are year-to-date through the report date. See the full Sallie Mae Bank profile, peer group comparison, or how this data updates.
Regulator records: FDIC BankFind (cert 58177) · FFIEC NIC profile (RSSD 3394278)