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AI brief of an SEC Form 8-K · SLM (SLM)

Sallie Mae Q4 EPS rises to $1.12; 2026 EPS guidance of $2.70-$2.80 trails 2025

Mixed Impact 4 of 5 earnings Written later

Sallie Mae reported fourth-quarter 2025 GAAP diluted EPS of $1.12, up from $0.50 a year earlier, and full-year EPS of $3.46, up from $2.68 in 2024. It also authorized a new $500 million share repurchase program and expects 2026 GAAP diluted EPS of $2.70 to $2.80, below the 2025 level. Shareholders get higher 2025 profit and new capital returns, but the 2026 outlook points to lower per-share earnings than 2025.

Key points

  • Q4 2025 net income was $233 million, versus $112 million in Q4 2024; full-year 2025 net income was $745 million, versus $608 million in 2024.
  • For 2026, the company expects GAAP diluted EPS of $2.70 to $2.80, net charge-offs of $345 million to $385 million, and non-interest expenses of $750 million to $780 million.
  • The board authorized a $500 million buyback starting January 22, 2026, expected to run about 24 months through February 4, 2028.
  • The 2024 buyback program had $33 million of capacity left as of December 31, 2025 and expires February 6, 2026.

The filing

CompanySLM (SLM)
Form8-K, current report
Filed with the SECJan 22, 2026, 4:32 PM ET
Accession number0001032033-26-000003

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure8.01 Other Events

Read the filing on SEC.gov ↗

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 January 22, 2026.

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.