SLM Corp (SLM) SEC Filings

SLM Corporation (SLM) reported a $0.19 GAAP diluted loss per common share for Q3 2026, versus $0.63 earnings a year earlier; net loss attributable to common stock was $35.9 million, compared with net income of $131.9 million. Private Education Loan originations reached $3.4 billion, up 15% year over year, including 119% growth in graduate originations. Net charge-offs were $90 million, versus $77.531 million, and delinquencies were 4.2% of loans in repayment at September 30, 2026, compared with 4.0% a year earlier.

SLM reduced its full-year 2026 diluted EPS guidance to $1.95–$2.05 from $3.10–$3.20 and raised its net charge-off guidance to $400–$420 million from $365–$385 million; originations growth guidance remained 12%–14% and non-interest expense guidance $750–$780 million. Non-interest expenses were $221 million, up 22% year over year. SLM repurchased 5.1 million common shares for $132.2 million in Q3 and entered a strategic partnership with a global investment firm that included an initial $143 million seasoned loan portfolio sale ($129 million principal and $14 million capitalized interest).

SLM Corp (symbol: SLM) is the issuer of record for a Form 4 filing submitted to the SEC. Leech Christopher T. reported acquisition or exercise transactions in this Form 4 filing.

SLM Corp (SLM) reported that director Christopher T. Leech received an equity award of 914 shares of Common Stock on September 16, 2026, as a grant in lieu of his quarterly cash retainer and committee fees. The award was valued using the closing sales price on the grant date, and following this grant he directly holds 20,896.66 shares, which include Dividend Equivalent Units associated with Restricted Common Stock.

SLM Corp (SLM) reported that director Mark L. Lavelle acquired 1,038 shares of common stock on September 16, 2026 as a grant in lieu of his quarterly cash retainer and committee fees. After this award, he directly holds 86,838.66 shares, which include Dividend Equivalent Units tied to Restricted Common Stock.

SLM Corp (symbol: SLM) is the issuer of record for a Form 4 filing submitted to the SEC. GREIG HENRY F reported acquisition or exercise transactions in this Form 4 filing.

SLM Corp (SLM) reported that director Henry F. Greig received an equity grant of 988 shares of Common Stock on September 16, 2026, as a grant or award. The shares were issued at a stated price of $0.00 per share in lieu of his quarterly cash retainer and committee fees, and his directly held stake increased to 17,953.66 shares, which includes Dividend Equivalent Units tied to previously awarded Restricted Common Stock. No Rule 10b5-1 trading plan is indicated.

SLM Corp (symbol: SLM) is the issuer of record for a Form 4 filing submitted to the SEC. Blackley Richard Scott reported acquisition or exercise transactions in this Form 4 filing.

SLM Corp (SLM) reported that director Richard Scott Blackley received a grant of 1,087 shares of Common Stock on September 16, 2026 as a stock award taken in lieu of his quarterly cash retainer and committee fees. The per-share value of this grant equaled the closing sales price on the grant date, with no cash paid by the director. Following this award, his directly held position increased to 42,742.66 shares, which includes Dividend Equivalent Units issued in connection with Restricted Common Stock. No Rule 10b5-1 trading plan is reported for this transaction.

T. Rowe Price Associates, Inc., a Maryland company, reports beneficial ownership of 12,524,989 shares of SLM CORP common stock, representing 6.6% of the class. It reports sole voting power over 12,461,631 shares and sole dispositive power over 12,524,989 shares, with no shared voting or dispositive power. The firm states that this report should not be construed as an admission that it is the beneficial owner of these securities and expressly denies such beneficial ownership.

SLM Corporation reports Q2 2026 results highlighting private education loan growth and detailed credit metrics. Private education loan originations were $716 million, 4.5% higher than a year earlier. GAAP diluted earnings per common share were $0.29, with net income attributable to common stock of $55 million on net interest income of $333 million and a net interest margin of 4.75%.

Total non‑interest expense was $195 million, and the efficiency ratio was 48.6%. Provision for credit losses was $126 million; net charge‑offs were about $113 million, with loans delinquent 30+ days equal to 3.7% of loans in repayment. The total allowance stood at 5.89% of private education loan exposure. Private education loans held for investment were $19.5 billion, supported by $19.9 billion of deposits and asset‑backed and unsecured debt funding.

Capital actions included an accelerated share repurchase of 9.3 million shares, reducing common shares outstanding by 5% since December 31, 2025, a quarterly common dividend of $0.13 per share, and issuance of $500 million of unsecured senior notes to retire an equal amount of notes due November 2026. Management also describes federal student loan reforms that it expects could eventually increase annual originations by up to 70%, or $4.5–$5 billion, although these figures are forward‑looking estimates.

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.