---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-017665"
form_type: "8-K"
ticker: "SLM"
cik: "0001032033"
company_name: "SLM Corp"
filed_at: "2024-04-24T23:59:59+00:00"
generated_at: "2026-06-03T09:15:26.174050+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Sallie Mae reports Q1 GAAP EPS $1.27, net income $285M; guides FY24 EPS $2.60-$2.70

## Summary
- GAAP diluted EPS $1.27, net income $285M; net interest margin 5.49%, down 21 bps YoY.
- Private education loan originations grew 6% YoY; $2.1B loan sale in Q1.
- Provision for credit losses $12M vs $113M a year ago; net charge-offs 2.14% annualized.
- FY24 guidance: EPS $2.60-$2.70, originations growth 7-8%, NCOs 2.2-2.4%, non-interest expenses $635-655M.
- $27M share repurchases in Q1 (1.3M shares); $623M remaining under 2024 repurchase program.

## SEC filing metadata
- accession: 0001628280-24-017665
- form_type: 8-K
- ticker: SLM
- cik: 0001032033
- company_name: SLM Corp
- filed_at: 2024-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1032033/000162828024017665/0001628280-24-017665-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1032033/000162828024017665/slm-20240424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-017665
- JSON: https://secwatch.observer/filing/0001628280-24-017665.json
- Plain text: https://secwatch.observer/filing/0001628280-24-017665.txt

## Key facts
- Earnings Releases
  SLM Corp reported the quarter ended March 31, 2024 results: net income $285M GAAP Net Income attributable to common stock in Q1 2024, EPS $1.27 GAAP Diluted Earnings Per Common Share. Guidance reaffirmed.
  - Period: the quarter ended March 31, 2024
  - Net income: $285M GAAP Net Income attributable to common stock in Q1 2024
  - EPS: $1.27 GAAP Diluted Earnings Per Common Share
  - Guidance: reaffirmed
  - Result: reported results
  source text: On April 24, 2024, SLM Corporation (the “Company”) reported its financial results for the quarter ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1032033/000162828024017665/0001628280-24-017665-index.htm

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