SLM Corp

SLM Corporation (Sallie Mae) reported its third quarter 2026 financial results, including a GAAP net loss per common share of $0.19. The company saw a significant 15% increase in Private Education Loan originations to $3.4 billion, driven by strong graduate loan growth. However, net charge-offs rose due to specific debt resolution practices, and non-interest expenses increased to support peak season activities. Sallie Mae also updated its full-year 2026 guidance, lowering its earnings per share forecast while increasing its net charge-off expectation.

SLM Corporation (Sallie Mae) reported its second-quarter 2026 financial results and business updates through an investor presentation. Key highlights include private education loan originations of $716 million, a 4.5% increase year-over-year, and diluted earnings per common share of $0.29. The company also completed an accelerated share repurchase, reducing shares outstanding by over 58%, and issued $500 million in unsecured senior notes to refinance existing debt. Federal student lending reforms are anticipated to significantly boost annual originations by $4.5 billion to $5 billion.

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.

SLM Corporation (Sallie Mae) presented a business update at the Morgan Stanley U.S. Financials Conference, highlighting strong credit quality with a Q1 2026 average FICO at approval of 754 and 95% of loans cosigned. The company increased its private education loan market share by 1.7% in Q1 2026 and anticipates federal student lending reforms to boost annual originations by $4.5 billion to $5 billion, potentially increasing total originations by up to 70% over several years. Sallie Mae also detailed product enhancements and strategic actions to address isolated credit pressure from misaligned third-party debt resolution practices.

SLM Corporation has closed an offering of $500 million in 6.495% Fixed-to-Floating Rate Senior Notes due 2032. The notes will bear a fixed interest rate of 6.495% until May 15, 2031, after which they will switch to a floating rate. The company intends to use the net proceeds from this offering to fund a tender offer for its outstanding 3.125% senior notes due 2026 and to repay any remaining 2026 notes at maturity.

SLM Corporation (Sallie Mae) announced a cash tender offer to purchase any and all of its outstanding 3.125% senior notes due 2026, with $500,000,000 principal amount outstanding. The tender offer is being made in connection with a contemporaneous offering of new senior debt securities, with proceeds from the new offering intended to repurchase the existing notes. The offer is conditioned upon the completion of the New Notes Offering and is set to expire on May 12, 2026.

Sallie Mae reported strong Q1 2026 financial results, with private education loan originations increasing 5% year-over-year to $2.9 billion and diluted EPS reaching $1.54. The company also highlighted the significant impact of upcoming federal student lending reforms, anticipating an increase in annual originations by up to 70%, or $4.5 to $5 billion. Capital deployment efforts included a $200 million Accelerated Share Repurchase, $259 million in share repurchases, and $3.3 billion in loan sales.

SLM Corporation announced the appointment of Peter M. Graham, current Executive Vice President and CFO, and Kerri A. Palmer, current Executive Vice President and COO, as Co-Presidents, effective April 22, 2026. In their new roles, Graham will serve as Co-President and Chief Financial Officer, while Palmer will be Co-President and Head of Financial Services. They will report to CEO Jon Witter and oversee the company's commercial businesses, with Graham focusing on strategic partnerships and Palmer leading the core private education loan business.

SLM Corp announced its 2026 Annual Meeting of Stockholders for June 16, 2026, where shareholders will vote on the election of 13 directors, advisory executive compensation, and auditor ratification. The company reported strong 2025 results, including a 23.5% increase in net income to $729 million and a 29.1% rise in diluted EPS to $3.46. Strategic initiatives in 2025 included expanding private student loan originations to $7.4 billion and establishing a new capital-light strategic partnership.

SLM Corp announced its 2026 Annual Meeting of Stockholders will be held virtually on June 16, 2026, to vote on the election of 13 directors, advisory executive compensation, and auditor ratification. The company reported strong 2025 results, including a 23.6% increase in net income to $729 million and a 5.7% rise in private education loan originations to $7.4 billion, alongside strategic partnerships and capital returns. The company's three-year total shareholder return was 74.35%.