---
schema_version: "secwatch.filing_event.v1"
accession: "0001032033-26-000041"
form_type: "8-K"
ticker: "SLM"
cik: "0001032033"
company_name: "SLM Corp"
filed_at: "2026-07-23T20:32:16+00:00"
generated_at: "2026-07-23T20:33:09.470733+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Sallie Mae Q2 GAAP EPS $0.29, down from $0.32 YoY; originations up 4.5%

## Summary
- GAAP diluted EPS $0.29 vs $0.32 in Q2 2025; net income supported by lower cost of funds (4.13% vs 4.22%).
- Private Education Loan originations grew 4.5% YoY; average loans outstanding $21.1B.
- Net charge-offs $113M, up from year-ago; delinquencies 3.72% of loans in repayment vs 3.51%.
- Issued $500M unsecured Senior Notes in May 2026; used proceeds to tender $500M notes due Nov 2026.
- Full-year 2026 guidance: EPS $3.10-$3.20, originations growth 12-14%, charge-offs $365-$385M.

## SEC filing metadata
- accession: 0001032033-26-000041
- form_type: 8-K
- ticker: SLM
- cik: 0001032033
- company_name: SLM Corp
- filed_at: 2026-07-23T20:32:16+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1032033/000103203326000041/0001032033-26-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1032033/000103203326000041/slm-20260723.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001032033-26-000041
- JSON: https://secwatch.observer/filing/0001032033-26-000041.json
- Plain text: https://secwatch.observer/filing/0001032033-26-000041.txt

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