earnings
confidence high
sentiment positive
materiality 0.80
Sallie Mae Q2 2024 GAAP EPS $1.11; Private loan originations up 6% YoY; FY2024 EPS guidance $2.70-$2.80
SLM Corp
2024-Q2 EPS reported
$2.39
- GAAP diluted EPS $1.11; net interest margin 5.36%, down 16 bps YoY.
- Private education loan originations $1.6B (6% growth); $1.6B sale of loans in Q2.
- Provision for credit losses $17M vs $18M YoY; allowance ratio 6.1% (down from 6.5%).
- FY2024 guidance: diluted EPS $2.70–$2.80, originations growth 7–8%, NCOs 2.1–2.3%.
- Repurchased 2.9M shares for $62M in Q2; $562M remaining under buyback program.