---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-002063"
form_type: "8-K"
ticker: "SLM"
cik: "0001032033"
company_name: "SLM Corp"
filed_at: "2024-01-24T23:59:59+00:00"
generated_at: "2026-06-06T18:59:10.774221+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Sallie Mae Q4 net income $164M; FY2023 originations up 7%; new $650M buyback; 2024 Core EPS guide $2.60-2.70

## Summary
- Q4 GAAP net income attributable to common $164M ($0.72 diluted EPS); full-year GAAP net income $564M ($2.41 diluted EPS).
- FY2023 private education loan originations $6.4B, up 7% YoY; Q4 net charge-offs 2.43% vs 3.15% YoY.
- Board approved new $650M share repurchase program (effective Jan 26, 2024, expires Feb 6, 2026).
- Non-cash $56M impairment charge to write down Nitro trade name and trademarks.
- FY2024 guidance: Core diluted EPS $2.60-$2.70; originations growth 7-8%; net charge-offs $340M-$370M.

## SEC filing metadata
- accession: 0001628280-24-002063
- form_type: 8-K
- ticker: SLM
- cik: 0001032033
- company_name: SLM Corp
- filed_at: 2024-01-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1032033/000162828024002063/0001628280-24-002063-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1032033/000162828024002063/slm-20240124.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-002063
- JSON: https://secwatch.observer/filing/0001628280-24-002063.json
- Plain text: https://secwatch.observer/filing/0001628280-24-002063.txt

## Key facts
- Earnings Releases
  SLM Corp reported quarter ended December 31, 2023 results: net income GAAP net income of $168 million.
  - Period: quarter ended December 31, 2023
  - Net income: GAAP net income of $168 million
  - Result: reported results
  source text: Fourth-Quarter 2022 Highlights Core Business Strategy Results: • GAAP net income of $168 million, up 319%. • Net interest income of $386 million, up 1%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1032033/000162828024002063/0001628280-24-002063-index.htm
- Earnings Releases
  SLM Corp reported quarter and year ended December 31, 2023 results: net income GAAP Net Income Attributable to Common Stock of $164 Million, $0.72 Per Diluted Share; Full-Year 2023 GAAP Net Income At, EPS GAAP Net Income Attributable to Common Stock of $164 Million, $0.72 Per Diluted Share; Full-Year 2023 GAAP Net Income At.
  - Period: quarter and year ended December 31, 2023
  - Net income: GAAP Net Income Attributable to Common Stock of $164 Million, $0.72 Per Diluted Share; Full-Year 2023 GAAP Net Income At
  - EPS: GAAP Net Income Attributable to Common Stock of $164 Million, $0.72 Per Diluted Share; Full-Year 2023 GAAP Net Income At
  - Result: reported results
  source text: SALLIE MAE REPORTS FOURTH-QUARTER AND FULL-YEAR 2023 FINANCIAL RESULTS Fourth-Quarter GAAP Net Income Attributable to Common Stock of $164 Million, $0.72 Per Diluted Share; Full-Year 2023 GAAP Net Income Attributable to Common Stock of $564 Million, $2.41 Per Diluted Share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1032033/000162828024002063/0001628280-24-002063-index.htm

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