SLM reports Q3 GAAP EPS $0.11, originations up 4% to $2.5B, guides FY Core EPS $2.55-$2.65

SLM Corp

2023-Q3 EPS reported $1.69

GAAP net income attributable to common stock $25M ($0.11 diluted), down 61% YoY; Core EPS guidance $2.55-$2.65.
Private education loan originations $2.5B, up 4% YoY; completed ~$1B loan sale on Oct 13, 2023.
Net interest income $385M (+4%); net interest margin 5.43%, up 16 bps.
Net charge-offs 2.53% annualized vs 2.67%; delinquencies 3.65% vs 3.74% YoY.
Operating expenses $167M vs $150M; no share repurchases; dividend unchanged $0.11.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SLM Corp reported quarter ended September 30, 2023 results: net income $25 Million, EPS $0.11 Per Diluted Share. Guidance reaffirmed.

Period: quarter ended September 30, 2023
Net income: $25 Million
EPS: $0.11 Per Diluted Share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Third-Quarter GAAP Net Income Attributable to Common Stock of $25 Million, or $0.11 Per Diluted Share

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Source: SEC EDGAR

accession 0001628280-23-035123

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