secwatch.observer — SEC 8-K summary
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Issuer:     SLM Corp (SLM)
CIK:        0001032033
Form:       8-K
Filed at:   2026-01-22T23:59:59+00:00
Accession:  0001032033-26-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1032033/000103203326000003/0001032033-26-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1032033/000103203326000003/slm-20260122.htm
  HTML page:      https://secwatch.observer/filing/0001032033-26-000003

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer