Slm Corp SEC Filings

SLM Corp reported an ownership disclosure: Vanguard Portfolio Management beneficially owned 10,913,361 shares of Common Stock, representing 5.50% of the class as of 03/31/2026. The filing states Vanguard has 86,232 shares of sole voting power and 10,913,361 shares of sole dispositive power. The Schedule 13G was signed on 04/29/2026.

SLM Corporation, commonly known as Sallie Mae, announced senior leadership changes. The Board appointed current executives Peter M. Graham and Kerri A. Palmer as Co-Presidents of the company, effective immediately. Graham will serve as Co-President and Chief Financial Officer, and Palmer as Co-President and Head of Financial Services.

Both leaders already oversee major areas of the business and will now partner, reporting to CEO Jon Witter, to align and execute the company’s strategy. The company states there are no special arrangements underlying their appointments, no new material compensation plans, and no related-party transactions or family relationships requiring disclosure.

SLM Corporation, commonly known as Sallie Mae, announced senior leadership changes. The Board appointed current executives Peter M. Graham and Kerri A. Palmer as Co-Presidents of the company, effective immediately. Graham will serve as Co-President and Chief Financial Officer, and Palmer as Co-President and Head of Financial Services.

Both leaders already oversee major areas of the business and will now partner, reporting to CEO Jon Witter, to align and execute the company’s strategy. The company states there are no special arrangements underlying their appointments, no new material compensation plans, and no related-party transactions or family relationships requiring disclosure.

SLM Corporation’s 2026 proxy centers on governance, executive pay, and capital returns following a strong 2025. Stockholders are asked to elect 13 directors, approve executive compensation on an advisory basis, and ratify KPMG as auditor for 2026.

In 2025, Sallie Mae paid a quarterly dividend of $0.13 per share, sold about $5.0 billion of Private Education Loans, and repurchased roughly 12.8 million shares, supporting a three-year total shareholder return of 74.35% from December 31, 2022 to December 31, 2025. Leadership compensation is heavily performance-based, with CEO long‑term incentives weighted 60% in performance stock units tied to relative total shareholder return, and say‑on‑pay support reached 99.1% at the 2025 meeting.

SLM Corporation’s 2026 proxy centers on governance, executive pay, and capital returns following a strong 2025. Stockholders are asked to elect 13 directors, approve executive compensation on an advisory basis, and ratify KPMG as auditor for 2026.

In 2025, Sallie Mae paid a quarterly dividend of $0.13 per share, sold about $5.0 billion of Private Education Loans, and repurchased roughly 12.8 million shares, supporting a three-year total shareholder return of 74.35% from December 31, 2022 to December 31, 2025. Leadership compensation is heavily performance-based, with CEO long‑term incentives weighted 60% in performance stock units tied to relative total shareholder return, and say‑on‑pay support reached 99.1% at the 2025 meeting.

SLM Corporation reports solid first-quarter 2026 results, driven mainly by its private education loan franchise and loan sale activity. Net income was $307.9 million, slightly above $304.5 million a year earlier, with basic EPS of $1.56 versus $1.43. Total interest income was $649.3 million and net interest income held steady at $375.4 million. The company sold $3.33 billion of private education loans, generating net gains of $146 million, though loan sale gains were lower than in 2025. Provision for credit losses was a net benefit of $11.5 million, compared with an expense of $23.3 million a year earlier, reflecting large negative provisions tied to loan sales and transfers to held-for-sale. Loans held for investment, all private education loans, totaled $21.17 billion gross, with an allowance for credit losses of $1.41 billion. Deposits were $20.5 billion, down modestly from year-end, while borrowings rose with new term ABS issuance. SLM was highly active in capital returns, repurchasing about 12.0 million common shares for roughly $291 million, including a $200 million accelerated share repurchase under a new $500 million program.

SLM Corporation reports solid first-quarter 2026 results, driven mainly by its private education loan franchise and loan sale activity. Net income was $307.9 million, slightly above $304.5 million a year earlier, with basic EPS of $1.56 versus $1.43. Total interest income was $649.3 million and net interest income held steady at $375.4 million. The company sold $3.33 billion of private education loans, generating net gains of $146 million, though loan sale gains were lower than in 2025. Provision for credit losses was a net benefit of $11.5 million, compared with an expense of $23.3 million a year earlier, reflecting large negative provisions tied to loan sales and transfers to held-for-sale. Loans held for investment, all private education loans, totaled $21.17 billion gross, with an allowance for credit losses of $1.41 billion. Deposits were $20.5 billion, down modestly from year-end, while borrowings rose with new term ABS issuance. SLM was highly active in capital returns, repurchasing about 12.0 million common shares for roughly $291 million, including a $200 million accelerated share repurchase under a new $500 million program.

SLM Corporation reported stronger first quarter 2026 results and raised its full-year earnings outlook. GAAP diluted earnings per common share were $1.54, up from $1.40 a year earlier, with net income of $308 million and net income attributable to common stock of $304 million.

Private Education Loan originations grew 5% from the prior-year quarter, and average loans outstanding, net, were $23.3 billion. Net interest margin was 5.29% with a 4.13% cost of funds, while non-interest expenses were $171 million, in line with company expectations. Credit performance remained within guidance, with net charge-offs of $89 million, delinquencies at 3.98%, and loans in hardship forbearance at 0.99%.

The company continued significant capital returns, repurchasing 12.0 million shares for $259 million, entering a $200 million accelerated share repurchase with an initial 8.4 million shares delivered, and paying a $0.13 dividend per share. It now expects full-year 2026 diluted earnings per common share of $3.10 to $3.20, Private Education Loan originations growth of 12% to 14%, net charge-offs of $345 to $385 million, and non-interest expenses of $750 to $780 million.

SLM Corporation reported stronger first quarter 2026 results and raised its full-year earnings outlook. GAAP diluted earnings per common share were $1.54, up from $1.40 a year earlier, with net income of $308 million and net income attributable to common stock of $304 million.

Private Education Loan originations grew 5% from the prior-year quarter, and average loans outstanding, net, were $23.3 billion. Net interest margin was 5.29% with a 4.13% cost of funds, while non-interest expenses were $171 million, in line with company expectations. Credit performance remained within guidance, with net charge-offs of $89 million, delinquencies at 3.98%, and loans in hardship forbearance at 0.99%.

The company continued significant capital returns, repurchasing 12.0 million shares for $259 million, entering a $200 million accelerated share repurchase with an initial 8.4 million shares delivered, and paying a $0.13 dividend per share. It now expects full-year 2026 diluted earnings per common share of $3.10 to $3.20, Private Education Loan originations growth of 12% to 14%, net charge-offs of $345 to $385 million, and non-interest expenses of $750 to $780 million.

GREIG HENRY F reported acquisition or exercise transactions in this Form 4 filing.

SLM Corp director Henry F. Greig received a stock grant of 1,274 shares of Common Stock as part of his board compensation. The shares were granted in lieu of his quarterly cash retainer and committee fees, valued at the closing market price on the grant date. Following this award, he directly holds a total of 8,459.3 shares, which include Dividend Equivalent Units linked to previously granted restricted stock.

GREIG HENRY F reported acquisition or exercise transactions in this Form 4 filing.

SLM Corp director Henry F. Greig received a stock grant of 1,274 shares of Common Stock as part of his board compensation. The shares were granted in lieu of his quarterly cash retainer and committee fees, valued at the closing market price on the grant date. Following this award, he directly holds a total of 8,459.3 shares, which include Dividend Equivalent Units linked to previously granted restricted stock.

Blackley Richard Scott reported acquisition or exercise transactions in this Form 4 filing.

SLM Corp director Richard Scott Blackley received a grant of 1,402 shares of Common Stock on March 18, 2026. These shares were awarded in lieu of his quarterly cash retainer and committee fees, with the per-share value based on the closing price on the grant date.

After this grant, Blackley directly holds 33,040.3 shares of SLM Common Stock, which includes dividend equivalent units tied to previously awarded restricted stock. This is a routine, compensation-related equity award rather than an open-market purchase or sale.

Blackley Richard Scott reported acquisition or exercise transactions in this Form 4 filing.

SLM Corp director Richard Scott Blackley received a grant of 1,402 shares of Common Stock on March 18, 2026. These shares were awarded in lieu of his quarterly cash retainer and committee fees, with the per-share value based on the closing price on the grant date.

After this grant, Blackley directly holds 33,040.3 shares of SLM Common Stock, which includes dividend equivalent units tied to previously awarded restricted stock. This is a routine, compensation-related equity award rather than an open-market purchase or sale.

SLM Corp director Richard Scott Blackley reported a bona fide gift of 11,702 shares of Common Stock on a Form 4. The shares were gifted to a trust, and the reporting person disclaims beneficial ownership of those shares. After the gift, he reports holding 31,603.679 shares directly, including Dividend Equivalent Units issued in connection with restricted common stock.

SLM Corp director Richard Scott Blackley reported a bona fide gift of 11,702 shares of Common Stock on a Form 4. The shares were gifted to a trust, and the reporting person disclaims beneficial ownership of those shares. After the gift, he reports holding 31,603.679 shares directly, including Dividend Equivalent Units issued in connection with restricted common stock.

SLM Corporation announced that its wholly owned subsidiary, Sallie Mae Bank, has reached indicative terms for a potential sale of a portfolio of approximately $2 billion in private education loans. The potential transaction is expected to close in the first quarter of 2026, but remains subject to negotiation and execution of definitive documents, customary closing conditions, and any required approvals. The update is being shared in connection with CEO Jon Witter’s appearance at the 2026 RBC Capital Markets Global Financial Institutions Conference and is provided as a Regulation FD disclosure, with no assurance that the loan sale will be completed.

SLM Corporation announced that its wholly owned subsidiary, Sallie Mae Bank, has reached indicative terms for a potential sale of a portfolio of approximately $2 billion in private education loans. The potential transaction is expected to close in the first quarter of 2026, but remains subject to negotiation and execution of definitive documents, customary closing conditions, and any required approvals. The update is being shared in connection with CEO Jon Witter’s appearance at the 2026 RBC Capital Markets Global Financial Institutions Conference and is provided as a Regulation FD disclosure, with no assurance that the loan sale will be completed.

SLM Corporation, commonly known as Sallie Mae, entered into a $200 million accelerated share repurchase agreement with Goldman Sachs to buy back its common stock under a previously authorized $500 million repurchase program.

Goldman Sachs will deliver most of the shares shortly after execution, with the final number based on a discounted volume-weighted average stock price during the agreement term. Depending on that price, Sallie Mae could receive additional shares at settlement or may need to deliver shares or cash. The company expects the ASR to be completed before the end of the second quarter of 2026.

Before this ASR, Sallie Mae had already repurchased approximately $91 million of common stock in 2026, bringing first-quarter repurchases and commitments to nearly $300 million and signaling an aggressive approach to returning capital to shareholders.

SLM Corporation, commonly known as Sallie Mae, entered into a $200 million accelerated share repurchase agreement with Goldman Sachs to buy back its common stock under a previously authorized $500 million repurchase program.

Goldman Sachs will deliver most of the shares shortly after execution, with the final number based on a discounted volume-weighted average stock price during the agreement term. Depending on that price, Sallie Mae could receive additional shares at settlement or may need to deliver shares or cash. The company expects the ASR to be completed before the end of the second quarter of 2026.

Before this ASR, Sallie Mae had already repurchased approximately $91 million of common stock in 2026, bringing first-quarter repurchases and commitments to nearly $300 million and signaling an aggressive approach to returning capital to shareholders.