---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-013248"
form_type: "8-K"
ticker: "SLM"
cik: "0001032033"
company_name: "SLM Corp"
filed_at: "2023-04-26T23:59:59+00:00"
generated_at: "2026-06-16T11:23:43.724323+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Sallie Mae Q1 GAAP EPS $0.47; originations up 12% to $2.4B; $2B loan sale expected in May

## Summary
- GAAP net income attributable to common stock $114M, diluted EPS $0.47.
- Private education loan originations rose 12% YoY to a record $2.4B.
- Net charge-offs improved to 2.1% (annualized) from 3.15% in Q4 2022.
- Plans to close $2B loan sale to unaffiliated third party in early May 2023.
- Full-year Core Earnings guidance $2.50-$2.70 per share; originations growth 5-6%.

## SEC filing metadata
- accession: 0001628280-23-013248
- form_type: 8-K
- ticker: SLM
- cik: 0001032033
- company_name: SLM Corp
- filed_at: 2023-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1032033/000162828023013248/0001628280-23-013248-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1032033/000162828023013248/slm-20230426.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-013248
- JSON: https://secwatch.observer/filing/0001628280-23-013248.json
- Plain text: https://secwatch.observer/filing/0001628280-23-013248.txt

## Key facts
- Earnings Releases
  SLM Corp reported first-quarter 2023 results: net income GAAP Net Income Attributable to Common Stock of $114 Million, or $0.47 Per Diluted Share, EPS $0.47 Per Diluted Share.
  - Period: first-quarter 2023
  - Net income: GAAP Net Income Attributable to Common Stock of $114 Million, or $0.47 Per Diluted Share
  - EPS: $0.47 Per Diluted Share
  - Result: reported results
  source text: Sallie Mae Reports First-Quarter 2023 Financial Results First-Quarter GAAP Net Income Attributable to Common Stock of $114 Million, or $0.47 Per Diluted Share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1032033/000162828023013248/0001628280-23-013248-index.htm
- Earnings Releases
  SLM Corp reported 2023 results: EPS Full-year diluted non-GAAP "Core Earnings" per common share of $2.50 - $2.70.**. Guidance initiated.
  - Period: 2023
  - EPS: Full-year diluted non-GAAP "Core Earnings" per common share of $2.50 - $2.70.**
  - Guidance: initiated
  - Result: guidance update
  source text: For 2023, the company expects the following: • Full-year diluted non-GAAP "Core Earnings" per common share of $2.50 - $2.70.**
  evidence_url: https://www.sec.gov/Archives/edgar/data/1032033/000162828023013248/0001628280-23-013248-index.htm

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