Sallie Mae Q1 EPS $1.54 beats $1.40 YoY; raises FY2026 EPS guidance to $3.10-$3.20

SLM Corp

2026-Q1 EPS reported $1.54

Q1 GAAP diluted EPS $1.54 vs $1.40 YoY; full-year 2026 EPS guidance raised to $3.10-$3.20.
Private Education Loan originations grew 5% YoY; average loans outstanding $23.3B.
Net interest margin 5.29%; net charge-offs $89M; delinquencies 3.98% (vs 3.58% YoY).
Repurchased 12M shares for $259M in Q1, including $200M ASR with 8.4M shares delivered.
Gain on sale of loans $146M; non-interest expenses $171M, within full-year guidance.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.85

SLM Corp reported the quarter ended March 31, 2026 results: EPS $1.54. Guidance raised.

Period: the quarter ended March 31, 2026
EPS: $1.54
Guidance: raised
Result: reported results

Exact text from the filing

$1.54 GAAP Diluted Earnings Per Common Share 5% Private Education Loan Originations Growth from Year-Ago Quarter $89M Net Charge-Offs $171M Non-Interest Expenses “Our first quarter results underscore the strength and durability of our strategy and franchise.

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Source: SEC EDGAR

accession 0001032033-26-000024

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