Quarterly ResultJul 23, 2026, 04:38 PM
Sallie Mae Q2 EPS $0.29; Loan Originations Up 4.5%
AI Summary
Sallie Mae reported second quarter 2026 financial results, with GAAP diluted earnings per common share of $0.29, a decrease from $0.32 in the prior year, though consistent with expectations. Private Education Loan originations grew by 4.5%. The company undertook strategic balance sheet actions, including selling $420 million in loans and issuing $500 million in unsecured Senior Notes. Sallie Mae also concluded its $200 million accelerated share repurchase and declared a $0.13 quarterly dividend, while maintaining its full-year 2026 diluted EPS guidance of $3.10 to $3.20.
Key Highlights
- GAAP diluted EPS was $0.29, down from $0.32 year-over-year.
- Private Education Loan originations increased 4.5% from year-ago quarter.
- Net income attributable to common stock was $55 million.
- Sold $420 million of Private Education Loans.
- Issued $500 million of unsecured Senior Notes.
- Concluded $200 million accelerated share repurchase program.
- Declared a quarterly common stock dividend of $0.13 per share.
- Full-year 2026 diluted EPS guidance is $3.10 to $3.20.
Price Impact
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