secwatch.observer — SEC 8-K summary
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Issuer:     SLM Corp (SLM)
CIK:        0001032033
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0001628280-23-013248
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1032033/000162828023013248/0001628280-23-013248-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1032033/000162828023013248/slm-20230426.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-013248

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