Sallie Mae reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the fourth-quarter 2013, net income attributable to SLM Corporation common stock was $265 million or $0.60 diluted earnings per share, compared with income attributable to SLM Corporation common stock of $343 million or $0.74 diluted earnings per share for the year-ago quarter. Net income from continuing operations was $211 million or $0.47 diluted earnings per share from continuing operations against $348 million or $0.75 diluted earnings per share from continuing operations of prior year period. Net interest income after provisions for loan losses was $599 million against $518 million of prior year period. Return on assets was 0.70% against 0.79% of prior year period.

For 2013, net income attributable to SLM Corporation common stock was $1.4 billion or $3.12 diluted earnings per share, compared with income attributable to SLM Corporation common stock of $919 million or $1.90 diluted earnings per share for 2012. Net income from continuing operations was $1,311 million or $2.89 diluted earnings per share from continuing operations against $939 million or $1.90 diluted earnings per share from continuing operations of prior year. Net interest income after provisions for loan losses was $2,328 million against $2,128 million of prior year. Return on assets was 0.89% against 0.52% of prior year period.