v3.26.3
Segment Reporting
 9 Months Ended
Sep. 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 
 September 30,		Nine Months Ended 
 September 30,

(Dollars in thousands)		2026202520262025
Non-interest expenses:
Compensation and benefits$98,443 $83,667 $302,142 $259,397 
Professional fees83,227 58,429 168,439 120,557 
Technology expenses21,223 19,910 63,062 56,938 
FDIC assessment fees5,455 6,511 15,039 28,696 
Other operating expenses11,719 11,041 36,042 33,904 
Total operating expenses220,067 179,558 584,724 499,492 
Acquired intangible assets impairment and amortization expense635 846 2,062 2,765 
Total non-interest expenses$220,702 $180,404 $586,786 $502,257