| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 559.99 | 3.6% |
| Total Income | 559.99 | 3.6% |
| Expenditure | 159.64 | 10.3% |
| PBT | 400.35 | 0.7% |
| Net Profit | 307.95 | 1.1% |
| OPM | — | |
| NPM | 54.99% | 2.58pp |
| EPS | 1.56 | 9.1% |
Sallie Mae Reports Q1 2026 Financial Results, Raises EPS Guidance
24 Apr 2026 · 24 Apr, 2:01 am
Summary
Sallie Mae reported strong first quarter 2026 financial results, with GAAP diluted earnings per common share increasing to $1.54 from $1.40 in the prior year. Private Education Loan originations grew by 5% compared to the year-ago quarter. The company's performance was supported by a net interest margin of 5.29% and strategic balance sheet actions, including Private Education Loan sales. Sallie Mae raised its full-year 2026 diluted earnings per common share guidance to $3.10 - $3.20.
Key Highlights
- 1
Sallie Mae's GAAP diluted earnings per common share were $1.54, up from $1.40 in the year-ago quarter.
- 2
Private Education Loan originations increased 5% from the year-ago quarter.
- 3
The company's net interest margin was 5.29%, reflecting effective balance sheet management.
- 4
Sallie Mae repurchased 12.0 million shares of common stock for $259 million during the first quarter of 2026.
- 5
Net charge-offs of $89 million were consistent with the company's expectations.
- 6
The company raised full-year 2026 diluted earnings per common share guidance to $3.10 - $3.20.
- 7
The company expects private education loan originations year-over-year growth of 12% - 14% for the full year 2026.
Management Comments
Jonathan Witter
Our first quarter results underscore the strength and durability of our strategy and franchise. We’re delivering strong performance today while positioning the organization well to capitalize on significant long-term growth opportunities in private education lending now and in the future.
Informational and educational content only. Not investment advice.