SLM Corp
XMUN:SM1

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SLM Corp
XMUN:SM1
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Price: 18.928 EUR Market Closed
Market Cap: €4.3B

SLM Corp
Investor Relations

SLM Corp, best known as Sallie Mae, is a consumer finance company focused on education. It makes private student loans that help families pay for college and graduate school, and it also offers savings products built around education costs. The company’s main customers are students, parents, and other borrowers who need funding beyond federal aid. Its core business is lending. SLM earns money from interest on its loan portfolio and from fees tied to its loan products, while its deposit business helps fund those loans. It also works with schools, loan applicants, and borrowers through digital channels and servicing systems that handle loan origination, repayment, and account management. What makes SLM different is its narrow role in the education finance market. It sits between the broader banking system and the student loan market, specializing in a product that is closely tied to college financing rather than everyday consumer lending. That focus gives it a clear business identity: it is a lender and servicer built around the cost of higher education.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
Apr 23, 2026
AI Summary
Q1 2026

EPS beat: Sallie Mae reported diluted EPS of $1.54, up from $1.40 a year ago, helped by strong loan sales and solid operating performance.

Originations grew: Loan originations rose 5% year over year to $2.9 billion, supported by a stronger disbursement funnel.

Capital returns accelerated: The company executed a $2 billion seasoned loan sale, launched a $200 million accelerated share repurchase, and expects to use its full $500 million buyback authorization in 2026.

Guidance raised: Full-year 2026 diluted EPS guidance was raised to $3.10 to $3.20, with the change tied to share repurchases and incremental loan sales; other guidance was reiterated.

Credit stable: Net charge-offs and delinquencies were in line with or slightly better than expectations, and management said borrowers exiting modification were performing a bit better than assumed.

Grad opportunity: Management reiterated that federal reforms could lift originations by up to 70% over several years and said it is preparing for much higher competition in graduate lending.

Key Financials
Diluted EPS
$1.54
Loan originations
$2.9 billion
Loan sales
$3.3 billion
Gains on loan sales
$146 million
Seasoned loan portfolio sale
$2 billion
New origination sales
$1.3 billion
Accelerated share repurchase
$200 million
Share repurchases year to date
approximately 12 million shares
Average repurchase price
$21.50 per share
Shares reduced since 2020
approximately 58%
Average repurchase price since 2020
$17.15 per share
Net interest income
$375 million
Net interest margin
5.29%
Provision
negative $11 million
Reserve release
$131 million
Reserve rate
6.05%
Cosigner rate
95%
Average FICO at approval
754
30 days or more delinquent
3.98%
Later-stage delinquency buckets
1%
Net charge-offs
$89 million
Noninterest expenses
$171 million
Efficiency ratio
30.6%
Liquidity
21.2% of total assets
Total risk-based capital
13.7%
Common equity Tier 1 capital
12.4%
Incremental loan sales
roughly $1 billion
FAFSA completion rates
up almost 20%
Employer hiring outlook
5.6%
Earnings Call Recording
Other Earnings Calls

Management

Mr. Jonathan W. Witter
CEO & Director
No Bio Available
Mr. Peter M. Graham CPA
Executive VP & CFO
No Bio Available
Ms. Kerri A. Palmer
Executive VP & COO
No Bio Available
Mr. Nicolas Jafarieh
Executive VP and Chief Legal, Government Affairs & Communications Officer
No Bio Available
Ms. Donna F. Vieira
Executive VP & Chief Commercial Officer
No Bio Available
Ms. Melissa Bronaugh CPA
VP & Head of Investor Relations
No Bio Available
Mr. William Wolf
Executive VP & Chief People Officer
No Bio Available
Mr. Munish Pahwa
Executive VP, Chief Risk Officer & Chief Credit Risk Officer
No Bio Available
Mr. Jeremy Brandon
Executive VP & Chief Audit Officer
No Bio Available
Mr. Richard M. Nelson
Senior VP, Chief Regulatory Counsel & Corporate Secretary
No Bio Available

Contacts

Address
DELAWARE
Newark Delaware
300 Continental Drive
Contacts
+13022838000.0
www.salliemae.com
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