---
schema_version: "secwatch.filing_event.v1"
accession: "0001032033-26-000003"
form_type: "8-K"
ticker: "SLM"
cik: "0001032033"
company_name: "SLM Corp"
filed_at: "2026-01-22T23:59:59+00:00"
generated_at: "2026-05-16T08:39:59.482239+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Sallie Mae Q4 EPS $1.12, FY2025 EPS $3.46; guides FY2026 EPS $2.70-2.80; new $500M buyback

## Summary
- GAAP diluted EPS: Q4 $1.12, FY2025 $3.46; originations grew 6% YoY for FY2025.
- Total net charge-offs improved to 2.15% of avg loans in repayment (FY2025) from prior year.
- 2026 guidance: diluted EPS $2.70-$2.80, originations growth 12-14%, NCOs $345-385M.
- Board authorized new $500M share repurchase program starting Jan 22, 2026.
- Q4 gain on loan sales $45M; negative provision for credit losses $19M driven by loan sale.

## SEC filing metadata
- accession: 0001032033-26-000003
- form_type: 8-K
- ticker: SLM
- cik: 0001032033
- company_name: SLM Corp
- filed_at: 2026-01-22T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1032033/000103203326000003/0001032033-26-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1032033/000103203326000003/slm-20260122.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001032033-26-000003
- JSON: https://secwatch.observer/filing/0001032033-26-000003.json
- Plain text: https://secwatch.observer/filing/0001032033-26-000003.txt

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