secwatch.observer — SEC 8-K summary
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Issuer:     SLM Corp (SLM)
CIK:        0001032033
Form:       8-K
Filed at:   2024-10-23T23:59:59+00:00
Accession:  0001628280-24-043446
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1032033/000162828024043446/0001628280-24-043446-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1032033/000162828024043446/slm-20241023.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-043446

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