Sallie Mae Q2 earnings per share fall to $0.29 from $0.32 a year earlier
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.
Key points
- 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.
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 23, 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.