Slm Corp Stock Price, News & Analysis

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.

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.