secwatch.observer — SEC 8-K summary
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Issuer:     SLM Corp (SLM)
CIK:        0001032033
Form:       8-K
Filed at:   2023-02-01T23:59:59+00:00
Accession:  0001628280-23-001918
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1032033/000162828023001918/0001628280-23-001918-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1032033/000162828023001918/slm-20230201.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-001918

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