---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-043446"
form_type: "8-K"
ticker: "SLM"
cik: "0001032033"
company_name: "SLM Corp"
filed_at: "2024-10-23T23:59:59+00:00"
generated_at: "2026-05-30T10:54:19.741648+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Sallie Mae reports Q3 GAAP net loss of $0.23/share; raises quarterly dividend to $0.13

## Summary
- GAAP net loss of $50M ($0.23 loss per share); originations grew 13% YoY.
- Fourth-quarter common dividend increased to $0.13/share from $0.11; preferred Series B dividend $1.7448719/share.
- Full-year 2024 guidance: diluted EPS $2.70-$2.80, originations growth 8%-9%.
- Q3 net charge-offs $77M (2.09% of avg loans in repayment annualized), down from 2.53% a year ago.
- Repurchased 5.3M shares for $115M in Q3; $448M remaining under share repurchase program.

## SEC filing metadata
- accession: 0001628280-24-043446
- form_type: 8-K
- ticker: SLM
- cik: 0001032033
- company_name: SLM Corp
- filed_at: 2024-10-23T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1032033/000162828024043446/0001628280-24-043446-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1032033/000162828024043446/slm-20241023.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-043446
- JSON: https://secwatch.observer/filing/0001628280-24-043446.json
- Plain text: https://secwatch.observer/filing/0001628280-24-043446.txt

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