---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-035123"
form_type: "8-K"
ticker: "SLM"
cik: "0001032033"
company_name: "SLM Corp"
filed_at: "2023-10-25T23:59:59+00:00"
generated_at: "2026-06-09T09:41:56.534565+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-23-035123
- form_type: 8-K
- ticker: SLM
- cik: 0001032033
- company_name: SLM Corp
- filed_at: 2023-10-25T23:59:59+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/1032033/000162828023035123/0001628280-23-035123-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1032033/000162828023035123/slm-20231025.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-035123
- JSON: https://secwatch.observer/filing/0001628280-23-035123.json
- Plain text: https://secwatch.observer/filing/0001628280-23-035123.txt

## Key facts
- Earnings Releases
  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
  source text: Third-Quarter GAAP Net Income Attributable to Common Stock of $25 Million, or $0.11 Per Diluted Share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1032033/000162828023035123/0001628280-23-035123-index.htm

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