secwatch.observer — SEC 8-K summary
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Issuer:     SLM Corp (SLM)
CIK:        0001032033
Form:       8-K
Filed at:   2026-07-23T20:32:16+00:00
Accession:  0001032033-26-000041
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1032033/000103203326000041/0001032033-26-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1032033/000103203326000041/slm-20260723.htm
  HTML page:      https://secwatch.observer/filing/0001032033-26-000041

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