---
schema_version: "secwatch.filing_event.v1"
accession: "0001032033-25-000011"
form_type: "8-K"
ticker: "SLM"
cik: "0001032033"
company_name: "SLM Corp"
filed_at: "2025-07-24T23:59:59+00:00"
generated_at: "2026-05-18T01:52:26.713444+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Sallie Mae Q2 GAAP EPS $0.32; originations $686M; full-year guidance reaffirmed $3.00-$3.10

## Summary
- GAAP net income $67M, diluted EPS $0.32; net interest margin 5.31%, down 5 bps YoY.
- Private education loan originations $686M; provisions for credit losses $149M vs $17M a year ago.
- Net charge-offs 2.36% of avg loans in repayment (annualized); delinquencies 3.51% vs 3.34% YoY.
- Full-year 2025 guidance: GAAP diluted EPS $3.00-$3.10; originations growth 6-8% YoY; NCOs 2.0%-2.2%.
- Q2 common dividend $0.13/share; $70M in share repurchases (2.4M shares); $302M remaining under buyback program.

## SEC filing metadata
- accession: 0001032033-25-000011
- form_type: 8-K
- ticker: SLM
- cik: 0001032033
- company_name: SLM Corp
- filed_at: 2025-07-24T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1032033/000103203325000011/0001032033-25-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1032033/000103203325000011/slm-20250724.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001032033-25-000011
- JSON: https://secwatch.observer/filing/0001032033-25-000011.json
- Plain text: https://secwatch.observer/filing/0001032033-25-000011.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.