Welcome to our dedicated page for Slm news (Ticker: SLM), a resource for investors and traders seeking the latest updates and insights on Slm stock.
News for SLM Corporation (Nasdaq: SLM), commonly known as Sallie Mae, centers on its role in private student lending, education finance, and public company activities. The company focuses on originating and servicing Private Education Loans that are not made, insured, or guaranteed by state or federal governments, and it regularly issues updates that reflect this focus on education-related finance.
Visitors to this news page can find coverage of corporate and financial announcements, such as quarterly and full-year financial results, earnings conference calls, and dividend declarations on preferred and common stock. SLM Corporation also announces investor events, including investor forums and appearances at financial services conferences, where executives discuss company performance and strategy.
Another important category of news involves strategic partnerships and capital markets activity. For example, the company has announced a multi-year private credit strategic partnership with KKR, under which KKR expects to purchase portfolios of private education loans using KKR-managed credit funds and accounts. These items highlight how SLM Corporation manages funding and loan origination capacity in the private education loan market.
SLM Corporation also issues news related to scholarships, community programs, and financial literacy. Press releases describe scholarship awards through The Sallie Mae Fund’s Bridging the Dream Scholarship Program and Completing the Dream Scholarship Program, as well as guidance on topics such as scholarship myths and the FAFSA process. These updates reflect the company’s stated focus on expanding access, affordability, and college completion.
By following this page, readers can review a stream of company-issued news about SLM’s financial results, investor communications, partnerships, scholarship initiatives, and educational resources, all in one place.
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First-Quarter Financial Performance: Sallie Mae (Nasdaq: SLM) reported a GAAP net income of $114 million, translating to $0.47 per diluted share for the first quarter of 2023. The company saw a notable 12% increase in private education loan originations, totaling $2.4 billion compared to the year-ago quarter. Credit performance improved, with net charge-offs at 2.1%, a positive shift from the previous quarter. The liquidity ratio strengthened to 19.7%, up from 17.2% year-over-year. Additionally, a $2 billion loan sale is expected to close in early May, showcasing robust operational momentum.
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Sallie Mae (Nasdaq: SLM) has announced the declaration of its 2023 second-quarter dividends. The company will pay a dividend of $1.6971444 per share on its Preferred Stock Series B and $0.11 per share on its common stock. Both dividends will be distributed on June 15, 2023, to stockholders of record as of June 2, 2023. As a leader in private student lending, Sallie Mae continues to support access to education and enhance customer experiences beyond college through various products and resources.
Sallie Mae (Nasdaq: SLM) announced that Chief Financial Officer Steve McGarry will speak at the 2023 Barclays Americas Select Conference on Tuesday, May 9, at 10:15 a.m. ET. A live audio webcast and replay will be accessible on SallieMae.com/investors.
Sallie Mae is a leader in private student lending, providing financing and resources to help individuals access higher education and achieve personal goals. For more information on their offerings, visit SallieMae.com. The company is not a government entity and does not receive sponsorship from the United States.
Sallie Mae (Nasdaq: SLM) is set to release its first-quarter 2023 financial results after market close on April 26, 2023. A live audio webcast will follow on April 27, 2023, at 8 a.m. ET. Investors can access the webcast and presentation slides at SallieMae.com/investors. Pre-registration for the earnings call is available, ensuring participants receive a personalized conference code for access. The company's commitment to private student lending supports education and lifelong learning opportunities, emphasizing their role in facilitating access to higher education.
Sallie Mae (Nasdaq: SLM) announced that CFO Steven J. McGarry will continue in his role until February 2024 as part of a retention agreement during his transition to retirement. McGarry has been with the company since 1997, holding the CFO position for the past nine years. His leadership has been crucial in transforming Sallie Mae from a government-sponsored entity to a private market leader in student lending. The company is currently searching for McGarry's successor. CEO Jon Witter praised McGarry's contributions, emphasizing his strategic vision and commitment to financial discipline.