---
schema_version: "secwatch.filing_event.v1"
accession: "0001032033-26-000024"
form_type: "8-K"
ticker: "SLM"
cik: "0001032033"
company_name: "SLM Corp"
filed_at: "2026-04-23T23:59:59+00:00"
generated_at: "2026-05-15T04:23:11.297802+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001032033-26-000024
- form_type: 8-K
- ticker: SLM
- cik: 0001032033
- company_name: SLM Corp
- filed_at: 2026-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1032033/000103203326000024/0001032033-26-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1032033/000103203326000024/slm-20260423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001032033-26-000024
- JSON: https://secwatch.observer/filing/0001032033-26-000024.json
- Plain text: https://secwatch.observer/filing/0001032033-26-000024.txt

## Key facts
- Earnings Releases
  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
  source text: $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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1032033/000103203326000024/0001032033-26-000024-index.htm

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