SLM (SLM)
NASDAQ:SLM
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Earnings Data
Report Date
Jul 29, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.49Last Year’s EPS
0.32Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a predominantly positive tone: management reported EPS and originations growth, achieved meaningful loan-sale gains and accelerated capital returns, improved new-origin credit metrics, and maintained strong liquidity and capital ratios. These positives were tempered by modestly higher net charge-offs, elevated noninterest expenses to fund growth (which may temporarily pressure efficiency), and some near-term NIM moderation and balance-sheet shrinkage due to incremental loan sales and buybacks. Management reiterated confident execution plans for the large Grad PLUS opportunity while acknowledging early-stage uncertainty and the need for more seasoning data.Company Guidance
Reserve Release and Provision Impact
Recorded an $11 million negative provision for Q1 driven primarily by a $131 million release of reserves associated with loan sales and loans held for sale, which favorably impacted reported results.
Credit Quality Improvements in New Originations
Cosigner rate increased to 95% (versus 86% five years ago) and average FICO approval rose modestly to 754 (from 750 five years ago), reflecting tightened underwriting and improved credit quality for new originations.
Capital & Liquidity Strength
Liquidity of 21.2% of total assets, total risk-based capital of 13.7%, and CET1 of 12.4% at quarter-end, supporting ability to grow and return capital.
Revised Full-Year EPS Guidance
Raised 2026 diluted EPS guidance to $3.10–$3.20, assuming full utilization of the $500 million buyback authorization and roughly $1 billion of incremental loan sales beyond initial plan.
Market & Demand Indicators
FAFSA completion rates up ~20% year-over-year and survey findings indicating nearly 90% view higher education as an investment—supportive macro demand signals for future originations.
Earnings Per Share Growth
Diluted EPS of $1.54 in Q1 2026 versus $1.40 year-ago, an increase of ~10% year-over-year, signaling improved profitability.
Loan Originations Growth
Loan originations of $2.9 billion in Q1 2026, up 5% from the prior-year quarter, driven by strength in the loan disbursement funnel and prep for expected multiyear growth tied to federal reforms.
Loan Sales and Capital Actions
Executed $3.3 billion in loan sales in the quarter generating $146 million in gains, including a $2.0 billion seasoned portfolio sale and $1.3 billion of planned new origination sales; launched a $200 million ASR and plan to fully utilize a $500 million repurchase authorization in 2026.
Share Count Reduction
Year-to-date repurchases of ~12 million shares (6% of year-end 2025 outstanding) at an average price of $21.50; since 2020 reduced shares outstanding by ~58% at an average price of $17.15, demonstrating active capital return and shareholder value focus.
Net Interest Margin and Income
Net interest income of $375 million, roughly flat year-over-year, with net interest margin improved to 5.29% (up sequentially and year-over-year), benefiting from lower funding costs and disciplined balance-sheet management.
SLM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SLM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 23, 2026 | $23.42 | $23.83 | +1.75% |
Jan 22, 2026 | $26.52 | $27.44 | +3.45% |
Oct 23, 2025 | $26.44 | $27.32 | +3.33% |
Jul 24, 2025 | $31.53 | $32.25 | +2.28% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does SLM (SLM) report earnings?
SLM (SLM) is schdueled to report earning on Jul 29, 2026, After Close (Confirmed).
What is SLM (SLM) earnings time?
SLM (SLM) earnings time is at Jul 29, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SLM EPS forecast?
SLM EPS forecast for the fiscal quarter 2026 (Q2) is 0.49.