SLM Corp.

NASDAQ:SLM   3:59:51 PM EDT
18.78
+0.01 (+0.05%)
Other Pre-Announcement

Sallie Mae Reports Second-Quarter 2021 Financial Results

Published: 07/21/2021 20:42 GMT
SLM Corp. (SLM) - Sallie Mae Reports Second-quarter 2021 Financial Results.
Q2 GAAP Earnings per Share $0.44.
Q2 Earnings per Share Estimate $0.37 -- Refinitiv Ibes Data (analyst estimates).
Sallie Mae - $533 Million in Private Education Loans Originated During Quarter.
Sallie Mae Qtrly Net Interest Income of $339 Million, Down 3%.
Sallie Mae Qtrly Private Education Loan Provisions for Credit Losses Was $69 Million, Down From $327 Million.
Sallie Mae - in the Second Quarter of 2021, Company Repurchased 23 Million Shares of Its Common Stock at a Total Cost of $439 Million.
Sallie Mae Qtrly Core Earnings per Share $0.45.
Sallie Mae Sees Full-year Diluted GAAP Earnings per Common Share of $3.15 - $3.25.
Sallie Mae Sees 2021 Full-year Non-interest Expenses of $525 Million - $535 Million.
Sallie Mae Sees Full-year Private Education Loan Originations Year-over-year Growth of 6% - 7%.
Sallie Mae Sees 2021 Full-year Total Loan Portfolio Net Charge-offs of $215 Million - $225 Million.
FY2021 Earnings per Share View $3.10 -- Refinitiv Ibes Data (analyst estimates).