secwatch.observer — SEC 8-K summary
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Issuer:     SLM Corp (SLM)
CIK:        0001032033
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0001628280-23-035123
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1032033/000162828023035123/0001628280-23-035123-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1032033/000162828023035123/slm-20231025.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-035123

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