---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-025732"
form_type: "8-K"
ticker: "SLM"
cik: "0001032033"
company_name: "SLM Corp"
filed_at: "2023-07-26T23:59:59+00:00"
generated_at: "2026-06-13T02:10:30.039313+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Sallie Mae Q2 GAAP EPS $1.10; originations up 6% to $651M; $2.1B loan sale yields $128M gain

## Summary
- GAAP net income $261M, $1.10 diluted EPS; net interest income $387M (+7%); NIM 5.52% (+23 bps).
- Private education loan originations $651M (+6% YoY); completed $2.1B loan sale with $128M gain.
- Repurchased 16M shares at avg $15.71 (total $257M); $326M remaining under buyback program.
- FY2023 Core EPS guidance $2.50-$2.70; originations growth 5-6%; net charge-offs $345-$385M.
- Total operating expenses $154M (up from $132M); provision for credit losses $18M (down from $31M).

## SEC filing metadata
- accession: 0001628280-23-025732
- form_type: 8-K
- ticker: SLM
- cik: 0001032033
- company_name: SLM Corp
- filed_at: 2023-07-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1032033/000162828023025732/0001628280-23-025732-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1032033/000162828023025732/slm-20230726.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-025732
- JSON: https://secwatch.observer/filing/0001628280-23-025732.json
- Plain text: https://secwatch.observer/filing/0001628280-23-025732.txt

## Key facts
- Earnings Releases
  SLM Corp reported second-quarter 2023 results: net income $265 million, EPS $1.10 per diluted share.
  - Period: second-quarter 2023
  - Net income: $265 million
  - EPS: $1.10 per diluted share
  - Result: reported results
  source text: Sallie Mae Reports Second-Quarter 2023 Financial Results Second-Quarter GAAP Net Income Attributable to Common Stock of $261 Million, or $1.10 Per Diluted Share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1032033/000162828023025732/0001628280-23-025732-index.htm

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