secwatch.observer — SEC 8-K summary
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Issuer:     SLM Corp (SLM)
CIK:        0001032033
Form:       8-K
Filed at:   2026-04-23T23:59:59+00:00
Accession:  0001032033-26-000024
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1032033/000103203326000024/0001032033-26-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1032033/000103203326000024/slm-20260423.htm
  HTML page:      https://secwatch.observer/filing/0001032033-26-000024

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