Sallie Mae Q2 EPS falls to $0.32 from $1.11 as loan-loss provisions rise
SLM Corporation, which operates as Sallie Mae, reported second quarter 2025 GAAP diluted earnings of $0.32 per share, down from $1.11 a year earlier. The drop reflected provisions for credit losses of $149 million, up from $17 million, and lower non-interest income, while net interest income rose slightly. For shareholders, the quarter shows a sharp fall in earnings, and the company's full-year 2025 GAAP diluted EPS guidance of $3.00 to $3.10 is the key figure to watch.
Key points
- Q2 2025 GAAP diluted EPS was $0.32, versus $1.11 in Q2 2024 and $1.40 in Q1 2025
- Provisions for credit losses were $149 million in Q2 2025, compared with $17 million in Q2 2024
- Total non-interest income was $27 million, down from $142 million a year earlier
- Full-year 2025 guidance: GAAP diluted EPS of $3.00 to $3.10 and non-interest expenses of $655 million to $675 million
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:49 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 24, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.