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SLM Corp

SLM Corporation, through its subsidiaries, originates and services private education loans to students and their families to finance the cost of their education in the United States. It provides retail deposit accounts, including high-yield savings accounts, money market accounts, and certificates of deposit; and interest-bearing omnibus accounts. The company was formerly known as New BLC Corporation and changed its name to SLM Corporation in December 2013. SLM Corporation was founded in 1972 and is headquartered in Newark, Delaware.

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Sallie Mae Misses Q2 Estimates as Revenue and EPS Fall Short

Sallie Mae's second-quarter results missed Wall Street forecasts, with revenue of $401.1 million falling 1.8% short of the $408.3 million consensus and GAAP earnings per share of $0.29 missing the $0.44 estimate by 34.2%. Management attributed the flat revenue and lower profits to increased noninterest expenses from upfront investments in new products and technology, along with a temporary dip in net interest margin due to elevated liquidity ahead of peak loan origination season. CEO Jonathan Witter noted that credit quality remains strong and that the current loss pressure is concentrated and manageable. During the earnings call, analysts pressed for details on net interest margin recovery, credit performance, loan yields, back-half EPS guidance, and the decision to halt debt sales, with CFO Peter Graham indicating that NIM should return closer to the 5% target as liquidity is deployed into peak season originations.
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Sallie Mae narrows 2026 net charge-off guidance to $365M-$385M

Sallie Mae narrowed its 2026 net charge-off guidance to a range of $365 million to $385 million in response to a shift in recovery strategy. The company decided to halt all debt sales and bring post-default recoveries in-house after observing a small segment of borrowers progressing directly from delinquency to default, often engaging third-party debt resolution providers. This change creates an estimated $25 million in-year headroom to previously expected recoveries, though management views the impact as largely a timing dynamic and expects internal efforts to equal or exceed that recovery level over time. All other guidance metrics were affirmed, and the company reiterated expectations for net interest margin expansion in the second half of the year as excess liquidity is deployed into new loan originations during peak season.
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Sallie Mae Q2 revenue misses estimates by 6.3%, EPS falls 37% short

Sallie Mae reported second-quarter revenue of $332.82 million, an 11.7% decline from a year ago and 6.31% below the Zacks Consensus Estimate of $355.22 million. Earnings per share came in at $0.29, down from $0.32 a year earlier and missing the consensus estimate of $0.46 by nearly 37%. Net interest margin was 4.8%, below the 5.1% analysts had projected, while net interest income of $332.82 million fell short of the $355.48 million estimate. Gains on sales of loans, net, reached $14.94 million, exceeding the $10.57 million estimate, and total non-interest income of $68.29 million topped the $56.98 million consensus. Shares have returned 5.8% over the past month, outperforming the S&P 500's 0.4% gain, and the stock carries a Zacks Rank of 3, or Hold.
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SLM Corporation PFD SER B declares $1.439 quarterly dividend

SLM Corporation PFD SER B declared a quarterly dividend of $1.439 per share. The dividend carries a forward yield of 7.75% and is payable on September 15 to shareholders of record as of September 4, with the ex-dividend date also set for September 4.
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Consumer finance stocks beat Q1 revenue estimates by 1.9%

The 20 consumer finance stocks tracked by StockStory reported a satisfactory first quarter, with revenues beating analysts' consensus estimates by 1.9% and next quarter's revenue guidance coming in 0.7% above expectations. Credit Acceptance posted revenues of $406 million, up 1.4% year on year but missing estimates by 13.1%, while Sallie Mae delivered the best performance with revenues of $560 million, down 3.6% year on year but beating estimates by 3.9%. Nelnet was the weakest, with revenues of $353.2 million, down 7.1% year on year and missing estimates by 20.4%. Ally Financial reported revenues of $2.18 billion, up 5.5% year on year and beating estimates by 1.8%, and Affirm posted revenues of $1.04 billion, up 32.6% year on year and beating estimates by 4.3%. Share prices of the group have been resilient, rising 7.2% on average since the latest earnings results.
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