SLM Corp — Form 8-K
Filed July 23, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 32/100
What the filing says
Sallie Mae reported Q2 2026 GAAP diluted EPS of $0.29 (down from $0.32 YoY), with private education loan originations growing 4.5% YoY. The company completed a $200M accelerated share repurchase program (9.3M shares repurchased), issued $500M senior notes in May 2026 to refinance maturing debt, sold $420M of private education loans, and maintained cost of funds at 4.13%. Full-year 2026 guidance: $3.10–$3.20 EPS, 12–14% originations growth, $365–$385M net charge-offs, $750–$780M non-interest expenses.
Why this rating
Q2 earnings in line with expectations; modest 4.5% origination growth and routine refinancing. Capital deployment ($200M ASR, $500M debt refinance) is ordinary. No material business changes relative to $6.8B market cap.
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