Oct 22, 4:32 PM ET
Sallie Mae (SLM) reported a third-quarter 2026 GAAP net loss of $0.19 per diluted share, compared with earnings of $0.63 a year earlier, as provisions and expenses rose alongside record private education loan originations of $3.4 billion. The company cut its full-year 2026 diluted EPS guidance to $1.95-$2.05 from $3.10-$3.20 and raised its net charge-offs forecast to $400-$420 million from $365-$385 million, a change that weighs on shareholder earnings expectations.
- Q3 2026 GAAP net loss per diluted share of $0.19 versus $0.63 in Q3 2025; net loss of $32 million
- Full-year 2026 diluted EPS guidance lowered to $1.95-$2.05 from $3.10-$3.20
- Full-year net charge-offs guidance raised to $400-$420 million from $365-$385 million
- Q3 net charge-offs of $90 million, up from the year-ago quarter, and $132.2 million of share repurchases in the quarter
Read the filing on SEC.gov ↗
Jul 23, 4:32 PM ET
Sallie Mae reported second quarter 2026 GAAP diluted earnings of $0.29 per share, down from $0.32 a year earlier, with net income of $58.5 million versus $71.3 million. Net charge-offs rose to $113 million from the year-ago quarter, and the company set full-year 2026 diluted EPS guidance of $3.10 to $3.20, which shareholders will weigh against the lower quarterly results.
- GAAP diluted EPS was $0.29 versus $0.32 in Q2 2025; net income was $58.5 million versus $71.3 million.
- Net charge-offs were $113 million, up from the year-ago quarter; delinquencies were 3.72% of loans in repayment versus 3.51% in Q2 2025.
- Full-year 2026 guidance: diluted EPS of $3.10 to $3.20, net charge-offs of $365 million to $385 million, and non-interest expenses of $750 million to $780 million.
- Private Education Loan originations rose 4.5% from the year-ago quarter.
Read the filing on SEC.gov ↗
May 15, 10:37 AM ET
SLM Corporation closed a $500 million offering of 6.495% fixed-to-floating rate senior notes maturing May 15, 2032. The company said it will use the proceeds to fund a tender offer for its 3.125% senior notes due 2026, with any remaining proceeds used to repay those 2026 notes at maturity.
- Notes total $500 million, close date May 15, 2026, maturing May 15, 2032
- Fixed rate of 6.495% through May 15, 2031, then floating at Benchmark plus 271 basis points
- Proceeds to fund tender offer for 3.125% senior notes due 2026, with remainder for repayment at maturity
Read the filing on SEC.gov ↗
Apr 27, 4:46 PM ET
SLM Corporation, the parent of Sallie Mae, appointed its Chief Financial Officer Peter Graham and Chief Operational Officer Kerri Palmer as Co-Presidents, effective April 22, 2026, with both reporting to CEO Jon Witter. The company said the appointments follow the recent retirement of its Chief Commercial Officer and that the two will collectively oversee its commercial businesses.
- Peter M. Graham is Co-President and Chief Financial Officer; he will also oversee strategic partnerships and emerging lines of business.
- Kerri A. Palmer is Co-President and Head of Financial Services; she will lead the core private education loan business as well as credit and operations.
- The Board made the appointments on April 22, 2026; the company announced them in a press release on April 27, 2026.
- Biographical and compensation details are in the Definitive Proxy Statement filed April 27, 2026.
Read the filing on SEC.gov ↗
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