SLM Corporation (SLM)
Founder of Shark Tank-backed startup Scholly sues his acquirer Sallie Mae
When Chris Gray sold his Shark Tank-backed scholarship search startup Scholly to Sallie Mae in 2023, he thought he had it all. Now he's suing the student loan giant for wrongful termination and alleging that it's selling the data his app collected, which includes personal info on minors, without properly informing users.
Sallie Mae Q1 Earnings Beat on Y/Y Rise in NII, Fee Income Declines
SLM beats Q1 earnings estimates on higher NII and lower provisions, but rise in expenses and weaker fee income temper the overall performance.
Sallie Mae Enters $200M Accelerated Share Buyback Agreement
SLM enters a $200M accelerated buyback with GS, part of its $500M share repurchase program through 2028.
Sallie Mae Tops Q4 Earnings on Y/Y Rise in NII & Non-Interest Income
SLM posts Q4 EPS of $1.12, up from 50 cents a year ago, driven by higher NII and non-interest income despite rising expenses.
Sallie Mae Q3 Earnings Lag on Higher Expenses, Provisions Decline Y/Y
SLM's Q3 profit slips below estimates as higher expenses weighed, though stronger income and lower provisions offered support.
Sallie Mae Q2 Earnings Miss Estimates, Expenses & Provisions Rise Y/Y
SLM misses Q2 earnings estimates as credit loss provisions and expenses surge year over year.
Sallie Mae to Benefit From Proposed Federal Student Loan Caps
SLM is likely to benefit from the Trump tax bill caps federal student loans, driving borrowers toward private lenders.
Sallie Mae Q1 Earnings & Revenues Beat Estimates, Expenses Decline
SLM's first-quarter 2025 results benefit from a rise in fee income, robust originations and lower expenses. However, a fall in NII plays spoilsport.
Sallie Mae And The Death Of The Department of Education
Sallie Mae, a major private student loan lender, has seen significant growth, capturing 64% market share and increasing originations YoY. The company has improved its financials by shedding federal loan portfolios and leveraging economies of scale, boosting net income. SLM's banking component, with $21.1 billion in deposits, diversifies funding through retail and brokered deposits, and securitizes loans with high borrower interest rates.
Sallie Mae Touches 52-Week High: Should You Buy the Stock Now?
SLM's inorganic expansion efforts and a focus on improving private student loans look encouraging. Read more to find out whether it is right to buy the stock.
Sallie Mae Q4 Earnings & Revenues Miss Estimates, Expenses Rise
SLM's fourth-quarter 2024 results benefit from a rise in NII and robust originations. However, the increase in expenses plays spoilsport.
Sallie Mae Q3 Loss Widens on Lower NII & Higher Expenses, Stock Dips
SLM's third-quarter 2024 results reflect a decline in NII and a rise in expenses. Higher loan originations and lower provisions are positives.
