secwatch.observer — SEC 8-K summary
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Issuer:     SLM Corp (SLM)
CIK:        0001032033
Form:       8-K
Filed at:   2024-01-24T23:59:59+00:00
Accession:  0001628280-24-002063
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1032033/000162828024002063/0001628280-24-002063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1032033/000162828024002063/slm-20240124.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-002063

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