secwatch.observer — SEC 8-K summary
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Issuer:     SLM Corp (SLM)
CIK:        0001032033
Form:       8-K
Filed at:   2023-07-26T23:59:59+00:00
Accession:  0001628280-23-025732
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1032033/000162828023025732/0001628280-23-025732-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1032033/000162828023025732/slm-20230726.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-025732

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