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

Sallie Mae posts Q3 loss of $0.19 per share and cuts 2026 EPS outlook to $1.95-$2.05

Negative Impact 4 of 5 earnings

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.

Key points

  • 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

The filing

CompanySLM (SLM)
Form8-K, current report
Filed with the SECOct 22, 2026, 4:32 PM ET
Accession number0001032033-26-000051

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 7, 2026, 11:17 PM ET, from the text of the filing and its press-release exhibits only.

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.