{"schema_version":"secwatch.filing_event.v1","accession":"0001032033-26-000051","form_type":"8-K","ticker":"SLM","cik":"0001032033","company_name":"SLM Corp","filed_at":"2026-10-22T20:32:31+00:00","discovered_at":"2026-10-22T20:34:00.259682+00:00","generated_at":"2026-10-22T20:34:07.576766+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Sallie Mae posts Q3 loss of $0.19/share on $214M provision; cuts FY2026 EPS guidance to $1.95-$2.05","bullets":["GAAP net loss of $32M, or $0.19 per diluted share, versus net income of $136M ($0.63) a year ago; net interest income $339M vs $373M.","Private Education Loan originations $3.4B, up 15% YoY and a record quarter; graduate loan originations up 119% after PLUS reform; average FICO 757, cosigner rate 92%.","Provisions for credit losses $214M vs $179M; net charge-offs $90M vs $77.5M tied to misaligned third-party debt resolution practices; delinquencies 4.2% of loans in repayment.","FY2026 EPS guidance cut to $1.95-$2.05 from $3.10-$3.20; net charge-off outlook raised to $400-$420M from $365-$385M; originations growth 12-14% and expenses $750-$780M unchanged.","Repurchased 5.1M shares for $132.2M in Q3, $111M left on 2026 program; sold $143M of seasoned loans to a new global investment firm partner; cost of funds 4.21%."],"urls":{"canonical":"https://secwatch.observer/filing/0001032033-26-000051","json":"https://secwatch.observer/filing/0001032033-26-000051.json","markdown":"https://secwatch.observer/filing/0001032033-26-000051.md","text":"https://secwatch.observer/filing/0001032033-26-000051.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1032033/000103203326000051/0001032033-26-000051-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1032033/000103203326000051/slm-20261022.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-22T20:34:07.576766+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}