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SLM (SLM)
NASDAQ:SLM
Earnings Data
Report Date
Apr 29, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.82Last Year’s EPS
1.4Same Quarter Last Year
Moderate Buy
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
Balanced result: the company delivered strong 2025 operating results (notably EPS growth, originations expansion, improving NIM, a strategic partnership launch, and robust capital returns) and laid out an ambitious growth opportunity from federal Plus reform. However, the near-term outlook includes deliberate but sizable investments that pressure 2026 EPS and expenses, some upticks in early-stage delinquencies and quarter NCO rates, and increased complexity from a changed loan-sale strategy. Management emphasizes long-term upside (EPS acceleration beginning in 2027 if the Plus TAM materializes) while accepting short-term trade-offs.Company Guidance
Strong Full-Year EPS Growth
GAAP diluted EPS for full year 2025 was $3.46 versus $2.68 in 2024, an increase of approximately 29% year-over-year; Q4 GAAP diluted EPS was $1.12.
Originations Growth and Scale
Full-year private education loan originations were $7.4 billion, up 6% versus 2024; Q4 originations were $1.02 billion and the company expects 2026 origination growth of 12%–14% driven by federal 'Plus' reform.
Large Potential TAM from Plus Reform
Management estimates a potential incremental annual origination opportunity of roughly $5 billion (when fully phased in), representing ~70% originations growth over 2025 if realized.
Inaugural Private Credit Strategic Partnership
Launched a first-of-its-kind private credit strategic partnership in 2025 with a minimum commitment (initial trust flow) and a model expected to provide capital efficiency and predictable earnings; initial partnership commitment noted around $2 billion of new originations.
Improving Net Interest Margin and Efficiency
Net interest margin was 5.21% for the quarter (up 29 basis points year-over-year) and 5.24% for the full year (up 5 bps). Full-year efficiency ratio was 33.2%, reflecting disciplined expense management.
Controlled Credit Metrics on a Full-Year Basis
Full-year net charge-offs were $346 million, representing 2.15% of average private education loans in repayment — down four basis points from 2024; company highlights improved linkage between 30+ day delinquency and ultimate charge-offs due to better collections.
Strong Capital Return and Capital Position
Repurchased 3.8 million shares for $106 million in Q4 and 12.8 million shares ($373 million) for full year 2025; announced a new two-year $500 million repurchase authorization. Ended Q4 with liquidity of 18.6% of total assets, total risk-based capital 12.4%, and CET1 11.1%.
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 |
|---|---|---|---|
Jan 22, 2026 | $26.70 | $27.62 | +3.45% |
Oct 23, 2025 | $26.61 | $27.50 | +3.33% |
Jul 24, 2025 | $31.74 | $32.46 | +2.28% |
Apr 24, 2025 | $27.79 | $27.40 | -1.39% |
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 Apr 29, 2026, After Close (Confirmed).
What is SLM (SLM) earnings time?
SLM (SLM) earnings time is at Apr 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 (Q1) is 0.82.