v3.26.1
Segment Reporting
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting Segment Reporting
The Company is managed as a single line of business with a single reportable segment originating and servicing high-quality Private Education Loans and providing other education-related services to customers. Our consolidated financial results are regularly reviewed by the Company’s Chief Executive Officer (the “CEO”) to allocate resources and evaluate financial performance.
The CEO evaluates the performance of the Company and decides how to allocate resources based on net income and total consolidated assets. The CEO uses net income to assess financial performance and to decide whether to re-invest profits into the Company or to return capital to stockholders in the form of dividends or the repurchase of common stock. Net income is also used to compare budget versus actual results, and the budget versus actual analysis is part of the segment financial performance review.
The following table illustrates the significant expense categories and amounts regularly provided to the CEO.
Three Months Ended 
 June 30,		Six Months Ended 
 June 30,

(Dollars in thousands)		2026202520262025
Non-interest expenses:
Compensation and benefits$100,253 $84,900 $203,699 $175,730 
Professional fees56,443 41,814 85,212 62,128 
Technology expenses20,613 18,687 41,839 37,028 
FDIC assessment fees5,143 9,782 9,584 22,185 
Other operating expenses11,844 11,163 24,323 22,863 
Total operating expenses194,296 166,346 364,657 319,934 
Acquired intangible assets impairment and amortization expense687 898 1,427 1,919 
Total non-interest expenses$194,983 $167,244 $366,084 $321,853