secwatch.observer — SEC 8-K summary
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Issuer:     SLM Corp (SLM)
CIK:        0001032033
Form:       8-K
Filed at:   2025-07-24T23:59:59+00:00
Accession:  0001032033-25-000011
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1032033/000103203325000011/0001032033-25-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1032033/000103203325000011/slm-20250724.htm
  HTML page:      https://secwatch.observer/filing/0001032033-25-000011

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