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SLM Corporation filings document the regulatory record of Sallie Mae's private education lending business, registered common stock and floating-rate non-cumulative preferred stock. Its 8-K reports cover operating and financial results, investor presentations, Regulation FD disclosures, senior-note and financing matters, material agreements, and other capital-structure events.
Proxy materials describe board composition, executive compensation, shareholder voting matters and governance practices. The filing record also addresses risk factors and formal leadership changes, including officer appointments and related compensation disclosures, within the company's public-company reporting framework.
SLM Corporation reported first-half 2026 net income of $366.5 million, with net income attributable to common stock of $359.3 million and diluted EPS of $1.85, compared with $1.72 a year earlier. Net interest income was $708.2 million, while provisions for credit losses declined to $114.2 million from $172.0 million, influenced by Private Education Loan sales and changes in economic outlook. Non-interest income was $252.9 million and non-interest expenses were $366.1 million.
Total assets were $28.58 billion at June 30, 2026. Private Education Loans held for investment totaled $20.79 billion gross and $19.53 billion net of a $1.35 billion allowance for loan losses, with total allowance for credit losses of $1.42 billion. The company sold $3.75 billion of Private Education Loans year-to-date, generating $161 million of gains. Deposits were $19.89 billion, long-term borrowings $5.84 billion, and total equity $2.47 billion, with 187,946,958 common shares outstanding.
Credit metrics show net charge-offs at an annualized 2.55% of average loans in repayment for the first six months of 2026, versus 2.11% in the prior-year period. The Total Allowance Percentage of Private Education Loan Exposure was 5.89%. Delinquent Private Education Loans in repayment represented 3.7% of loans in repayment, slightly below the 4.0% level at December 31, 2025, while loans in forbearance were 2.1% of loans in repayment and forbearance combined.
SLM Corporation, commonly known as Sallie Mae, reported second quarter 2026 results with GAAP diluted EPS of $0.29, down from $0.32 a year earlier, and net income of $59 million. Private Education Loan originations grew 4.5% year over year, with average loans outstanding of $21.1 billion.
Results reflected net interest income of $333 million, provisions for credit losses of $126 million, total non-interest income of $68 million, and non-interest expenses of $195 million. The net interest margin was 4.75%, while the cost of funds declined to 4.13% from 4.22% in the prior-year quarter.
The company sold $420 million of Private Education Loans and in May 2026 issued $500 million of unsecured senior notes, using the proceeds to retire senior notes of the same amount due November 2026. Credit metrics included net charge-offs of $113 million and delinquencies of 3.72% of loans in repayment, compared with 3.51% a year ago.
Capital actions featured completion of a $200 million accelerated share repurchase totaling 9.3 million shares, leaving $242 million under the 2026 repurchase program, and a quarterly dividend of $0.13 per common share. For full-year 2026, the company expects EPS of $3.10–$3.20, Private Education Loan originations growth of 12%–14%, net charge-offs of $365–$385 million, and non-interest expenses of $750–$780 million.
SLM Corporation reported the results of its Annual Meeting of Stockholders held on June 16, 2026. Stockholders elected 13 directors to one-year terms, with each nominee receiving strong majority support and similar voting levels across the slate.
Stockholders also approved, on an advisory basis, the compensation of the company’s named executive officers, with approximately 170.7 million votes in favor versus a smaller number against or abstaining. In addition, stockholders ratified the appointment of KPMG LLP as independent registered public accounting firm for the year ending December 31, 2026, with over 177.6 million votes cast in favor and relatively few votes against or abstaining.
SLM Corp director Kirsten O. Wolberg received 7,349 shares of Common Stock as a restricted stock award. The grant was made at no cash cost to her as part of partial payment of the annual retainer for independent directors under the 2021 Omnibus Incentive Plan.
The restricted shares are subject to vesting based on the terms of the 2026 Independent Director Restricted Stock Agreement. After this award, she directly holds 81,690.388 shares, which include dividend equivalent units linked to prior restricted stock and shares acquired through a dividend reinvestment plan.
Schneck-Last Vivian C. reported acquisition or exercise transactions in this Form 4 filing.
SLM Corp director Vivian C. Schneck-Last received a grant of 7,349 shares of Common Stock as compensation. The award consists of Restricted Common Stock issued under the SLM Corporation 2021 Omnibus Incentive Plan as partial payment of the annual retainer for independent directors and is subject to vesting terms. After this grant, Schneck-Last directly holds 98,945.126 shares, including Dividend Equivalent Units tied to prior restricted awards.
MILLERCHIP GARY reported acquisition or exercise transactions in this Form 4 filing.
SLM Corp director Gary Millerchip received a grant of 7,349 shares of Restricted Common Stock as part of his annual retainer for independent directors. The award was issued under the SLM Corporation 2021 Omnibus Incentive Plan and is subject to vesting terms in the 2026 Independent Director Restricted Stock Agreement.
After this grant, Millerchip directly holds 12,747.126 shares of common stock, which include Dividend Equivalent Units issued in connection with previously awarded Restricted Common Stock.
SLM Corp director James D. Matheson received a grant of 7,349 shares of Restricted Common Stock as part of his annual retainer for independent directors. The award, issued under the 2021 Omnibus Incentive Plan, is subject to vesting under the 2026 Independent Director Restricted Stock Agreement.
After this grant, Matheson directly holds 111,836.589 shares of SLM common stock, which include Dividend Equivalent Units tied to prior restricted stock and shares acquired through a dividend reinvestment plan.
Manvitz Ted reported acquisition or exercise transactions in this Form 4 filing.
SLM Corp director Ted Manvitz reported two stock-based compensation awards of Common Stock. On June 16, 2026, he received 7,349 shares as a grant in lieu of his quarterly cash retainer and committee fees, valued at the closing share price on the grant date. On June 17, 2026, he received an additional 1,062 shares of Restricted Common Stock as part of the annual retainer for independent directors under the 2021 Omnibus Incentive Plan’s 2026 Independent Director Restricted Stock Agreement. These awards, which include Dividend Equivalent Units and shares from a dividend reinvestment plan, are subject to vesting terms, and his direct holdings after these grants total 76,041.435 shares of SLM Corp Common Stock.
Leech Christopher T. reported acquisition or exercise transactions in this Form 4 filing.
SLM Corp director Christopher T. Leech received 7,349 shares of Restricted Common Stock as a compensation award. The grant was made at no cash cost per share under the SLM Corporation 2021 Omnibus Incentive Plan as partial payment of the annual retainer to independent directors and is subject to vesting terms in a 2026 Independent Director Restricted Stock Agreement. Following the award, Leech directly holds 19,946.126 shares of common stock, including dividend equivalent units tied to prior restricted stock.
Lavelle Mark L reported acquisition or exercise transactions in this Form 4 filing.
SLM Corp director Mark L. Lavelle received a grant of 7,349 shares of Restricted Common Stock as part of his annual director compensation. The award was issued at no cash cost to him under the SLM Corporation 2021 Omnibus Incentive Plan, pursuant to the 2026 Independent Director Restricted Stock Agreement and is subject to vesting under that agreement’s terms.
Following this grant, Lavelle directly holds a total of 85,764.126 shares of SLM Common Stock, which includes Dividend Equivalent Units associated with previously granted Restricted Common Stock.