Financial Performance - Full-Year 2024 private education loan originations reached $70 billion, a 10% increase compared to $64 billion in 2023[8] - Q4 2024 private education loan originations totaled $982 million, a 17% increase compared to $839 million in the year-ago quarter[11] - Full-Year 2024 GAAP diluted earnings per common share were $268[17] - The company repurchased 116 million shares in Full-Year 2024 for $250 million, at an average price of $2159 per share[13] Balance Sheet and Capital Allocation - Total assets grew by 31% in Full-Year 2024, inclusive of FFELP loan portfolio sale, while private education loan balance grew by 57%[9] - The total risk-based capital ratio was 126%, with a CET1 capital ratio of 113%[12] - $37 billion in private education loans were sold at attractive premiums in 2024, including $34 billion of principal and $274 million in capitalized interest[19] Credit Performance - The percentage of private education loans in repayment delinquent 30+ days as of December 31, 2024, was 37%, compared to 39% in 2023[25] - Private education loan net charge-offs for Full-Year 2024 were $332 million, representing 219% of average private education loans in repayment, compared with 244% in 2023[27] - Q4 2024 provision for credit losses was $108 million, with a total allowance of 583% as a percentage of the ending total loan balance plus unfunded commitments and total accrued interest receivable on private education loans[24] Funding and Liquidity - Deposit portfolio balances at the end of Q4 2024 were 18% lower than at the end of Q3 2024[20] - Uninsured deposits represented 3% of total deposits as of December 31, 2024[22]