SLM Corp. engages in the provision and administration of education loans. Its services include private education loans, banking, college savings, and insurance services. The company was founded in 1972 and is headquartered in Newark, DE.

Earnings data Q1 2021

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Earnings data Q1 2022

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Earnings data Q2 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

SLM reports solid Q4 performance amidst charge off challenges

SLM's Q4 2022 performance showcased strong loan originations and improved net interest income, despite challenges from elevated charge offs.
The company's strategic focus on market share growth, capital return, and technology enhancements positions it well for future growth.
Addressing challenges related to charge offs and risk segments while leveraging opportunities in buyback programs and loss mitigation will be key for SLM's success.

SLM reports robust Q1 performance and plans for loan sales

SLM delivered a strong Q1 performance with improved credit quality and strategic initiatives driving growth in private education loan originations.
Despite challenges in managing post-COVID repayment habits and interest rate sensitivity, the company's focus on financial stability and market competitiveness positions it well for future opportunities.
With a positive outlook for 2023 and plans for additional loan sales, Sallie Mae remains focused on optimizing performance and maintaining investor confidence.

Sallie Mae reports Q2 earnings decline but eyes growth opportunities

Sallie Mae's Q2 performance saw a decline in EPS but strong loan originations and strategic actions. The company faces challenges from economic uncertainties and higher expenses. However, opportunities lie in application growth and earnings potential from premium and reserve release.

SLM reports successful Q3 with focus on credit quality and growth prospects

SLM's Q3 2023 earnings call highlighted strong performance, strategic focus on credit quality, and growth prospects. Challenges include refinancing obstacles and low consolidation rates. Opportunities lie in market share gains and underwriting high-return loans.

SLM posts robust Q4 earnings, eyes growth amid market challenges

SLM delivered strong financial performance in Q4 2023, showcasing growth in loan originations and improved credit quality. While facing challenges such as market constraints and competition dynamics, the company remains optimistic about growth opportunities and strategic initiatives for 2024.

SLM (SLM) reports robust Q1 earnings, eyes growth amid challenges

SLM's Q1 '24 earnings call showcases strong financial performance, credit quality improvements, and a focus on capital return strategies.
While facing challenges such as rising operating expenses and industry changes, SLM remains optimistic about the year ahead and its growth prospects.
By addressing challenges, leveraging opportunities, and maintaining a focus on financial strength, SLM aims to navigate market dynamics successfully in 2024.

SLM reports steady Q2 growth, focuses on risk management

SLM's Q2 2024 performance showed incremental growth in EPS and loan originations, supported by improved credit quality and strategic loan sales.
While challenges like credit provisions persist, the company's strengths in risk management and capital allocation position it well for future opportunities.
By capitalizing on positive outlooks and optimizing operations, SLM aims to navigate challenges and drive sustainable growth in the education loan market.

SLM reports solid Q3 results, focuses on shareholder value

SLM showcased strong performance in originations and credit improvement, while focusing on enhancing shareholder value through capital return strategies.
Despite challenges such as increased noninterest expenses, the company maintains solid liquidity and capital positions, with a proactive approach to risk management.
Opportunities lie in exploring potential loan sales, gaining market share from competitors' exits, and leveraging stable enrollment trends for future growth.

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Navient

Recessionary fears and worsening asset quality hurt the Zacks Consumer Loans industry players. Efforts to digitize operations, decent loan demand and the easing lending standards will aid companies like Credit Acceptance (CACC), SLM Corp (SLM) and Navient (NAVI).

3 Consumer Loan Stocks to Benefit From the Propering Industry

NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae (Nasdaq: SLM), formally SLM Corporation, announced today that Steven J. McGarry, executive vice president and chief financial officer, has entered into a retention agreement with the company. He will remain an employee of Sallie Mae and continue to serve as CFO through February 2024 when he plans to retire. During this time, McGarry will assist with the selection of the next CFO and will facilitate the orderly transition of the role to his successor.

Sallie Mae Chief Financial Officer Steve McGarry Enters into Retention Agreement with the Company

NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae® (Nasdaq: SLM), formally SLM Corporation, today announced Chief Financial Officer Steve McGarry will speak at the 2023 RBC Capital Markets Global Financial Institutions Conference on Wednesday, March 8, at 2:40 p.m. ET. A live audio webcast and replay will be available at SallieMae.com/investors. Sallie Mae (Nasdaq: SLM) believes education and life-long learning, in all forms, help people achieve great things.

Sallie Mae Chief Financial Officer to Speak at 2023 RBC Capital Markets Global Financial Institutions Conference

NEWARK, Del.--( BUSINESS WIRE )--The Sallie Mae Fund, the charitable arm of Sallie Mae – in partnership with Thurgood Marshall College Fund, is now accepting applications for two college scholarship programs to help students with financial need, or those from underserved communities, access higher education:

Application Window Open for The Sallie Mae Fund's Bridging the Dream Scholarship Program

SLM Corp Floating-Rate Non-Cum Pfd Shs Series B

SLM Corporation (NASDAQ:SLM ) Q4 2022 Earnings Conference Call February 2, 2023 8:00 AM ET Company Participants Melissa Bronaugh - VP, IR Jonathan Witter - CEO Steve McGarry - EVP & CFO Conference Call Participants Moshe Orenbuch - Credit Suisse Mark DeVries - Barclays Michael Kaye - Wells Fargo Securities Sanjay Sakhrani - KBW John Hecht - Jefferies Jeffrey Adelson - Morgan Stanley Arren Cyganovich - Citi Giuliano Bologna - Compass Point Operator Good day, and welcome to the 2022 Fourth Quarter Sallie Mae Earnings Call. At this time, all participants are in a listen-only mode.

SLM Corporation (SLM) Q4 2022 Earnings Call Transcript

Significant rise in provisions on the deteriorating economic outlook, non-interest loss and higher costs result in Sallie Mae (SLM) incurring a loss in Q4.

Sallie Mae (SLM) Incurs Q4 Loss as Provisions Jump, Stock Dips

Sallie Mae (SLM) delivered earnings and revenue surprises of -171.74% and 6.51%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Sallie Mae (SLM) Reports Q4 Loss, Tops Revenue Estimates

NEWARK, Del.--( BUSINESS WIRE )--Sallie Mae (Nasdaq: SLM), formally SLM Corporation, today released fourth-quarter and full-year 2022 financial results. Highlights of those results are included in the attached supplement. Complete financial results are available at www.SallieMae.com/investors.

Sallie Mae Reports Fourth-Quarter and Full-Year 2022 Financial Results

NEWARK, Del.--( BUSINESS WIRE )--Sallie Mae® (Nasdaq: SLM) today announced Chief Financial Officer Steve McGarry will speak at the Credit Suisse Financial Services Forum on Tuesday, Feb. 14, at 8:35 a.m. ET.

Sallie Mae Chief Financial Officer to Present at Credit Suisse Financial Services Forum

Sallie Mae (SLM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Sallie Mae (SLM) Q4 Earnings Expected to Decline

NEWARK, Del.--( BUSINESS WIRE )--Sallie Mae, through its charitable arm The Sallie Mae Fund, Inc. today announced the recipients of its Bridging the Dream Scholarship for Graduate Students. The scholarship, in partnership with Thurgood Marshall College Fund, provides $10,000 to 10 deserving graduate students who plan to use their degree to advocate for social justice and support their communities.

Sallie Mae Announces 10 Nationwide Recipients of Bridging the Dream Scholarship for Graduate Students

NEWARK, Del.--( BUSINESS WIRE )--Sallie Mae® (Nasdaq: SLM) will release fourth-quarter and full-year 2022 financial results after market close on Wednesday, Feb. 1, 2023.

Sallie Mae to Release Fourth-Quarter and Full-Year 2022 Financial Results on Feb. 1

NEWARK, Del.--( BUSINESS WIRE )--Sallie Mae® (Nasdaq: SLM), formally SLM Corporation, has named Kerri Palmer Chief Operational Officer, and President of Sallie Mae Bank. Palmer is a member of the company's leadership team, most recently serving as Chief Risk Officer. She succeeds Dan Kennedy, who has served as Chief Operational Officer since August 2020 and Bank President since January 2021.

Sallie Mae Names Kerri Palmer Chief Operational Officer, and President of Sallie Mae Bank

SLM Corporation sees hammered growth and margins as interest rate hikes intensify. Despite this, it has a stellar financial positioning with excellent liquidity.

SLM Corporation: Sallie Mae Can Likely Wait And Withstand Economic Volatility

Sallie Mae (SLM) reported earnings 30 days ago. What's next for the stock?

Why Is Sallie Mae (SLM) Up 6.5% Since Last Earnings Report?

NEWARK, Del.--( BUSINESS WIRE )--Sallie Mae® (Nasdaq: SLM), formally SLM Corporation, today announced the appointment of R. Scott Blackley to its board of directors, effective immediately.

Sallie Mae Appoints R. Scott Blackley to Its Board of Directors

Sallie Mae® Awards $250,000 in Scholarships to Expand Opportunities To Students From Underserved Communities

Higher NII and a rise in fee income aid Sallie Mae's (SLM) Q3 results. However, a rise in expenses impedes the bottom line.

Sallie Mae (SLM) Q3 Earnings Miss, Stock Gains on NII Beat

SLM Corporation (NASDAQ:SLM ) Q3 2022 Earnings Conference Call October 27, 2022 8:00 AM ET Company Participants Brian Cronin - VP, IR Jon Witter - CEO Steve McGarry - EVP & CFO Conference Call Participants Sanjay Sakhrani - KBW Rick Shane - JPMorgan Jeff Adelson - Morgan Stanley Moshe Orenbuch - Credit Suisse Operator Good day and welcome to the 2022 Third Quarter Sallie Mae Earnings Call. At this time, all participants are in a listen-only mode.

SLM Corporation (SLM) Q3 2022 Earnings Call Transcript

Sallie Mae (SLM) delivered earnings and revenue surprises of -38.30% and 2.90%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Sallie Mae (SLM) Lags Q3 Earnings Estimates

Sallie Mae Reports Third-Quarter 2022 Financial Results

Sallie Mae to Release Third-quarter Financial Results on Oct. 26

NEWARK, Del.--(BUSINESS WIRE)--Filing the Free Application for Federal Student Aid (FAFSA®) is one of the most important steps students and families can take to receive free money – including scholarships and grants – for college. The key is getting in line for that aid as soon as possible, some of which can be first-come, first served or from limited funds. Three-quarters (75%) of families, however, are unaware they can complete the FAFSA® beginning in October and only a little over half (54%)

FAFSA® Application Season Officially Opens October 1: Here's What Students and Families Need to Know and Why Filing As Soon As Possible Is Critical

NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae®, through its charitable arm The Sallie Mae Fund, today announced it will be the title sponsor of the HBCU Week 2022 College Fair as part of HBCU Week taking place at Walt Disney World in Orlando, Fl. on Oct. 7. The College Fair is the cornerstone of HBCU Week's program, annually drawing more than 3,500 college seeking students to connect with HBCU representatives. "We are pleased to partner with Sallie Mae and highlight the rich history and cultural si

Sallie Mae® Announces $100K Sponsorship of HBCU Week 2022 College Fair

Nelnet

SoFi Technologies

On Aug. 24, President Joe Biden signed an executive order addressing student loan debt. As it pertains to student loan stocks to buy, many investors don't seem to understand the specifics surrounding the situation.

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