Earnings summaries and quarterly performance for SLM.
Executive leadership at SLM.
Jonathan Witter
Detailed
Chief Executive Officer
CEO
KP
Kerri Palmer
Detailed
Executive Vice President and Chief Operational Officer; President, Sallie Mae Bank
MP
Munish Pahwa
Detailed
Executive Vice President and Chief Risk Officer
NJ
Nicolas Jafarieh
Detailed
Executive Vice President and Chief Legal, Government Affairs, and Communications Officer
PG
Peter Graham
Detailed
Executive Vice President, Chief Financial Officer and Treasurer
Board of directors at SLM.
CL
Christopher Leech
Detailed
Director
DG
Daniel Greenstein
Detailed
Director
GM
Gary Millerchip
Detailed
Director
HG
Henry Greig
Detailed
Director
JA
Janaki Akella
Detailed
Director
JM
Jim Matheson
Detailed
Director
KW
Kirsten Wolberg
Detailed
Director
ML
Mark Lavelle
Detailed
Director
MF
Mary Franke
Detailed
Chair of the Board
RS
R. Scott Blackley
Detailed
Director
TM
Ted Manvitz
Detailed
Director
VS
Vivian Schneck-Last
Detailed
Director
Research analysts who have asked questions during SLM earnings calls.
TM
Terry Ma
Barclays
8 questions for SLM
Also covers: AER, AL, AXP +16 more
Jeffrey Adelson
Morgan Stanley
6 questions for SLM
Also covers: ALLY, AXP, BFH +7 more
Jon Arfstrom
RBC Capital Markets
6 questions for SLM
Also covers: ALLY, ASB, BFH +24 more
Mark DeVries
Deutsche Bank
6 questions for SLM
Also covers: ALLY, AXP, BUR +9 more
MO
Moshe Orenbuch
TD Cowen
5 questions for SLM
Also covers: AER, AFRM, AL +11 more
SS
Sanjay Sakhrani
Keefe, Bruyette & Woods (KBW)
5 questions for SLM
Also covers: ALLY, AVDX, AXP +19 more
GB
Giuliano Bologna
Compass Point Research & Trading LLC
4 questions for SLM
Also covers: AFRM, FIP, FTAI +5 more
RS
Richard Shane
JPMorgan Chase & Co.
4 questions for SLM
Also covers: ABR, ACRE, ACT +20 more
JH
John Hecht
Jefferies
3 questions for SLM
Also covers: AFRM, ARCC, BFH +25 more
MK
Michael Kaye
Wells Fargo & Company
3 questions for SLM
Also covers: BETR, GWRE, OMF +1 more
CL
Caroline Lauda
Bank of America
2 questions for SLM
Don Fandetti
Wells Fargo
2 questions for SLM
Also covers: AXP, BXMT, COF +4 more
MW
Melissa Wedel
JPMorgan Chase & Co.
2 questions for SLM
Also covers: ARCC, BXSL, CGBD +12 more
NR
Nathaniel Richam-Odoi
Bank of America
2 questions for SLM
Also covers: NAVI
RS
Rick Shane
JPMorgan Chase & Co.
2 questions for SLM
Also covers: ABR, ACRE, ACT +19 more
Caroline Latta
Bank of America
1 question for SLM
Also covers: ADP, JSM
CL
Carolyn Lottah
Bank of America
1 question for SLM
GA
Giuliano Anderes-Bologna
Compass Point
1 question for SLM
Also covers: AFRM, AGO, COOP +7 more
Recent press releases and 8-K filings for SLM.
SLM Corporation Reports Q4 and Full-Year 2025 Financial Results
SLM
Earnings
Share Buyback
Dividends
- SLM Corporation reported Q4 2025 GAAP diluted earnings per common share of $1.12 and Full-Year 2025 GAAP diluted earnings per common share of $3.46.
- Private Education Loan Originations increased 4% to $1.0 billion in Q4 2025 compared to the prior year quarter, with Full-Year 2025 originations growing 6% to $7.4 billion.
- The company announced a new 24-month $500 million Share Repurchase Program and repurchased 12.8 million shares for $373 million in Full-Year 2025.
- A ($19 million) provision for credit losses was recorded in Q4 2025, largely due to the release of provision associated with a $1 billion loan sale and the transfer of loans to held for sale.
- The Net Interest Margin for Q4 2025 was 5.21%, and the Cost of Funds for Q4 2025 was 4.14%, a 17 basis point decrease from the prior year.
7 days ago
SLM Corporation Faces Class Action Lawsuit
SLM
Legal Proceedings
Demand Weakening
Profit Warning
- A class action lawsuit has been filed against SLM Corporation (Sallie Mae) and certain officers in the United States District Court for the District of New Jersey, docketed under 25-cv-18834.
- The lawsuit covers investors who purchased SLM securities between July 25, 2025, and August 14, 2025, alleging violations of federal securities laws.
- Defendants are accused of making materially false and misleading statements regarding SLM's business, operations, and prospects, specifically by overstating the effectiveness of loss mitigation and loan modification programs and the stability of Private Education Loan (PEL) delinquency rates, despite experiencing a significant increase in early stage delinquencies.
- On August 14, 2025, investment bank TD Cowen reported that July 2025 delinquencies were up 49 basis points month-over-month, significantly higher than the seasonal increase of 10 basis points, primarily due to a 45 basis point increase in early stage delinquencies.
- Following TD Cowen's report, SLM's stock price fell $2.67 per share, or 8.09%, closing at $30.32 per share on August 15, 2025.
Feb 17, 2026, 6:08 PM
SLM Corporation Reports Q4 and Full-Year 2025 Financial Results
SLM
Earnings
Share Buyback
- SLM Corporation reported Full-Year 2025 GAAP diluted earnings per common share of $3.46 and Q4 2025 GAAP diluted earnings per common share of $1.12.
- Private Education Loan Originations increased 6% to $7.4 billion for Full-Year 2025 and 4% to $1.0 billion in Q4 2025 compared to the prior year periods.
- The company announced a new 24-month $500 million Share Repurchase Program for 2026, following $373 million in share repurchases in Full-Year 2025 and $106 million in Q4 2025.
- The Net Interest Margin (NIM) was 5.24% for Full-Year 2025 and 5.21% for Q4 2025.
- The provision for credit losses was ($19 million) in Q4 2025, a decrease from $108 million in Q4 2024, primarily due to the release of provision associated with a loan sale and the transfer of loans to held for sale.
Feb 13, 2026, 9:06 PM
SLM Corporation Faces Class Action Lawsuit
SLM
Legal Proceedings
Demand Weakening
- A class action lawsuit has been filed against SLM Corporation (NASDAQ:SLM) by Bragar Eagel & Squire, P.C., on behalf of investors who purchased common stock between July 25, 2025, and August 14, 2025.
- The lawsuit alleges SLM made false and/or misleading statements and/or failed to disclose a significant increase in early stage delinquencies, contradicting assurances about normal seasonal trends.
- On August 14, 2025, an investment bank report flagged a 49 basis point month-over-month increase in July 2025 delinquencies, which resulted in an 8.1% decline in SLM's share price, from $32.99 to $30.32 per share, by August 15, 2025.
- Investors have until February 17, 2026, to apply to be appointed as lead plaintiff in the lawsuit.
Feb 13, 2026, 7:02 PM
Law Offices of Howard G. Smith Reminds Investors of Class Action Deadlines for SLM, Klarna, agilon health, and Fermi
SLM
Legal Proceedings
- Class action lawsuits have been filed against SLM Corporation (Sallie Mae), with a class period from July 25, 2025, to August 14, 2025, and a lead plaintiff deadline of February 17, 2026. The complaint alleges SLM overstated the effectiveness of its loss mitigation programs and the stability of its PEL delinquency rates due to increased early stage delinquencies.
- A class action lawsuit has been filed against Klarna Group plc, covering a class period from its September 2025 IPO, with a lead plaintiff deadline of February 20, 2026. The complaint alleges Klarna materially understated the risk of increased loss reserves shortly after its IPO.
- agilon health, inc. faces a class action lawsuit for a class period from February 26, 2025, to August 4, 2025, with a lead plaintiff deadline of March 2, 2026. The complaint alleges agilon recklessly issued unachievable 2025 guidance and overstated the positive financial impact of strategic actions.
- Fermi Inc. has a class action lawsuit with a class period from October 1, 2025, to December 11, 2025, and a lead plaintiff deadline of March 6, 2026. The complaint alleges Fermi overstated tenant demand for its Project Matador campus and the reliance on a single tenant's funding commitment.
Feb 13, 2026, 5:47 PM
SLM Reports Full-Year and Fourth Quarter 2025 Financial Results
SLM
Earnings
Share Buyback
Dividends
- SLM reported Full-Year 2025 GAAP diluted earnings per common share of $3.46 and Q4 2025 GAAP diluted earnings per common share of $1.12.
- Private Education Loan Originations grew 6% to $7.4 billion in Full-Year 2025 and 4% to $1.0 billion in Q4 2025. The company also sold $5.0 billion of Private Education Loans in 2025.
- The company repurchased 12.8 million shares for $373 million in Full-Year 2025 and announced a new $500 million 24-month 2026 Share Repurchase Program. A common stock dividend of $0.13 per share was paid in Q4 2025.
- Net interest margin was 5.24% for Full-Year 2025 and 5.21% for Q4 2025, while the percentage of Private Education Loans in repayment delinquent 30+ days was 4.0% as of December 31, 2025.
Feb 13, 2026, 12:00 PM
SLM Corporation Faces Class Action Lawsuit Over Delinquency Rates
SLM
Legal Proceedings
Demand Weakening
Profit Warning
- A class action lawsuit has been filed against SLM Corporation and certain officers for alleged violations of federal securities laws during the period of July 25, 2025, to August 14, 2025.
- The lawsuit claims SLM made false statements regarding a significant increase in early stage delinquencies in its private education loans, contradicting assurances from the CFO about normal seasonal trends.
- An August 14, 2025, report by TD Cowen revealed July 2025 delinquencies were up 49 basis points month-over-month, exceeding seasonal expectations.
- Following this report, SLM's stock price fell $2.67 per share, or 8.09%, to close at $30.32 per share on August 15, 2025.
Feb 12, 2026, 9:02 PM
Sallie Mae Outlines 2026 Guidance and Strategic Transformation
SLM
Guidance Update
New Projects/Investments
Share Buyback
- Sallie Mae (SLM) projects 12%-14% year-over-year private loan originations growth for 2026, primarily due to federal reforms creating a $5 billion Grad PLUS opportunity once fully scaled. The loan portfolio is expected to be flat to slightly down in 2026 before returning to 1%-2% annual growth.
- The company is transforming its business model through new strategic partnerships, such as the one with KKR, which offers a capital-efficient funding source for originations and is expected to drive fee income. SLM anticipates expanding this model with KKR or adding new partners within the next 12 months.
- Expenses are projected to increase by approximately 16% in 2026, driven by investments in product development, technology, and marketing for the new grad student market.
- SLM announced a new $500 million share repurchase authorization for a two-year period and expects high teens to low 20s EPS growth in 2027.
Feb 10, 2026, 5:10 PM
Sallie Mae Discusses 2026 Guidance, Grad PLUS Opportunity, and Capital Return
SLM
Guidance Update
New Projects/Investments
Share Buyback
- Sallie Mae (SLM) expects 12%-14% private loan originations year-over-year in 2026, driven by federal reforms, particularly the Grad PLUS opportunity, which is estimated at $5 billion once fully scaled. The loan portfolio is projected to be flat to slightly down in 2026 due to strategic partnerships, with growth expected to resume at 1%-2% annually thereafter.
- The company's new strategic partnership model, exemplified by the inaugural agreement with KKR, is a capital-efficient funding source that provides durable fee-based income and is expected to expand with new partners or an extension with KKR within the next 12 months.
- SLM anticipates a 16% year-over-year increase in expenses for 2026, with a significant portion allocated to investments in product development, credit models, technology, and marketing for the new grad consumer profile.
- Sallie Mae remains committed to capital return, evidenced by a new $500 million share repurchase authorization over two years. The company also provided soft guidance for high teens to low 20s EPS growth in 2027, contingent on the PLUS Reform opportunity.
Feb 10, 2026, 5:10 PM
Sallie Mae Outlines 2026 Guidance and Strategic Transformation at Bank of America Conference
SLM
Guidance Update
New Projects/Investments
Share Buyback
- Sallie Mae is undergoing a business model transformation, leveraging federal student lending reforms and a new strategic partnerships business, exemplified by the KKR agreement signed in Q4 last year.
- For 2026, the company anticipates 12%-14% private loan originations year-over-year, driven by the $5 billion Grad PLUS opportunity which will phase in over two to three years.
- The loan portfolio is projected to be flat to slightly down in 2026 due to the KKR partnership, but is expected to grow 1%-2% annually thereafter, aiming for mid-single-digit growth.
- Expenses are forecast to increase by approximately 16% year-over-year at the midpoint of guidance for 2026, with significant allocations to investments (40%) and increased marketing (35%-40%) for the new grad market.
- Sallie Mae announced a new $500 million share repurchase authorization for a two-year period and projects high teens to low 20s EPS growth in 2027, contingent on the Grad PLUS opportunity.
Feb 10, 2026, 5:10 PM
Quarterly earnings call transcripts for SLM.
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