Investor Presentaiton
Operating Results
"Core Earnings " Basis
Selected Financial Information and Ratios
(In millions, except per share amounts)
Q4 20
Q4 19
GAAP diluted EPS
2020
2019
$0.99
$0.78
$2.12
$2.56
Adjusted Core Earnings EPS 1,2
$0.97
$0.67
$3.40
$2.64
Restructuring and regulatory-related
expenses
($0.09)
$0.02
($0.16)
($0.04)
Reported Core Earnings EPS 1
$0.88
$0.69
$3.24
$2.60
Average common stock equivalent
188
221
195
233
Ending total education loans, net
$79,363
$86,820
$79,363
$86,820
Average total education loans
$81,685
$88,266
$84,242
$90,783
1 Item is a non-GAAP financial measure. See pages 49-51 for a description and reconciliation.
2 Adjusted diluted Core Earnings per share excludes: $20 million and $(7) million of net restructuring and regulatory-related expenses in fourth quarter 2020 and the fourth quarter 2019, and $42 million and $12 million of net
restructuring and regulatory-related expenses in the full years of 2020 and 2019, respectively.
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III
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