---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-001918"
form_type: "8-K"
ticker: "SLM"
cik: "0001032033"
company_name: "SLM Corp"
filed_at: "2023-02-01T23:59:59+00:00"
generated_at: "2026-06-20T03:19:38.780047+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Sallie Mae Q4 GAAP net loss $81M ($0.33/share); full-year net income $460M; issues 2023 guidance

## Summary
- Q4 GAAP net loss attributable to common stock $81M ($0.33 loss per diluted share); full-year net income $460M ($1.76 diluted EPS).
- Q4 provision for credit losses surged to $297M from negative $15M a year ago, citing loan growth, slower prepayments, and operational issues.
- Recorded $60M impairment on non-marketable equity securities in Q4.
- Full-year net interest margin 5.31% (+10% YoY); private education loan originations $6.0B (+10% YoY).
- 2023 guidance: Core EPS $2.50-$2.70; originations growth 5%-6%; net charge-offs $345M-$385M; non-interest expenses $610M-$620M.

## SEC filing metadata
- accession: 0001628280-23-001918
- form_type: 8-K
- ticker: SLM
- cik: 0001032033
- company_name: SLM Corp
- filed_at: 2023-02-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1032033/000162828023001918/0001628280-23-001918-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1032033/000162828023001918/slm-20230201.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-001918
- JSON: https://secwatch.observer/filing/0001628280-23-001918.json
- Plain text: https://secwatch.observer/filing/0001628280-23-001918.txt

## Key facts
- Earnings Releases
  SLM Corp reported the quarter and year ended December 31, 2022 results: net income GAAP Net Loss Attributable to Common Stock of $81 Million, $0.33 Loss Per Share; Full-Year 2022 GAAP Net Income Attribut, EPS $0.33 Loss Per Share; $1.76 Per Diluted Share.
  - Period: the quarter and year ended December 31, 2022
  - Net income: GAAP Net Loss Attributable to Common Stock of $81 Million, $0.33 Loss Per Share; Full-Year 2022 GAAP Net Income Attribut
  - EPS: $0.33 Loss Per Share; $1.76 Per Diluted Share
  - Result: reported results
  source text: On February 1, 2023, SLM Corporation issued a press release announcing its financial results for the quarter and year ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1032033/000162828023001918/0001628280-23-001918-index.htm

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