secwatch.observer — SEC 8-K summary
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Issuer:     SLM Corp (SLM)
CIK:        0001032033
Form:       8-K
Filed at:   2025-01-23T23:59:59+00:00
Accession:  0001628280-25-002391
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sallie Mae Q4 GAAP EPS $0.50; full-year 2024 EPS $2.68; guides 2025 EPS $3.00-$3.10
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- Full-year 2024 GAAP diluted EPS $2.68; Q4 EPS $0.50; originations up 10% YoY (17% in Q4).
- 2025 guidance: EPS $3.00-$3.10, originations growth 6-8%, net charge-offs 2.0-2.2% of avg loans in repayment.
- Net charge-offs 2.20% of avg loans in repayment in 2024; Q4 net charge-offs $93M (2.38% annualized).
- Net interest margin 4.92% in Q4, down 45 bps YoY; provisions $108M vs $16M in Q4 2023.
- Repurchased 11.6M shares for $250M in 2024; $402M remaining under buyback program as of Dec 31, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1032033/000162828025002391/0001628280-25-002391-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1032033/000162828025002391/slm-20250123.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-002391

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