---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-032834"
form_type: "8-K"
ticker: "SLM"
cik: "0001032033"
company_name: "SLM Corp"
filed_at: "2024-07-24T23:59:59+00:00"
generated_at: "2026-05-31T16:37:41.498625+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Sallie Mae Q2 2024 GAAP EPS $1.11; Private loan originations up 6% YoY; FY2024 EPS guidance $2.70-$2.80

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-24-032834
- form_type: 8-K
- ticker: SLM
- cik: 0001032033
- company_name: SLM Corp
- filed_at: 2024-07-24T23:59:59+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/1032033/000162828024032834/0001628280-24-032834-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1032033/000162828024032834/slm-20240724.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-032834
- JSON: https://secwatch.observer/filing/0001628280-24-032834.json
- Plain text: https://secwatch.observer/filing/0001628280-24-032834.txt

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