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EX-99.1 - EX-99.1 - SLM Corpd725099dex991.htm
8-K - FORM 8-K - SLM Corpd725099d8k.htm

Exhibit 99.2

The following is a reconciliation of the previously announced financial results to the amended March 31, 2014 quarter-end results from the additional regulatory reserve described above.

 

     March 31, 2014  
     As
Announced
April 16, 2014
     Adjustments     As Adjusted  

Income Statement Impact:

  

Other operating expenses

   $ 121       $ 103      $ 224   

Income from continuing operations, before income tax expense

     458         (103     355   

Income tax expense

     174         (38     136   

Net income

     284         (65     219   

Net income attributable to SLM Corporation common stock

     279         (65     214   

Diluted Earnings Per Common Share Impact:

     

Continuing operations

   $ 0.64       $ (0.15   $ 0.49   

Discontinued operations

     —           —          —     
  

 

 

    

 

 

   

 

 

 

Total

   $ 0.64       $ (0.15   $ 0.49