secwatch.observer — SEC 8-K summary
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Issuer:     SLM Corp (SLM)
CIK:        0001032033
Form:       8-K
Filed at:   2024-07-24T23:59:59+00:00
Accession:  0001628280-24-032834
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1032033/000162828024032834/0001628280-24-032834-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1032033/000162828024032834/slm-20240724.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-032834

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