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Mar 31, 2020
SLM Q1 2020 Earnings Report
Reported first quarter financial results.
Key Takeaways
Sallie Mae reported a GAAP net income attributable to common stock of $359 million, or $0.87 per diluted share, for the first quarter of 2020. Private education loan originations increased by 8 percent year-over-year to $2.3 billion. The company completed $3.1 billion in loan sales and entered into a $525 million accelerated share repurchase agreement. Due to economic uncertainties resulting from COVID-19, the company has withdrawn guidance for 2020.
GAAP net income attributable to common stock of $359 million, or $0.87 per diluted share.
Private education loan originations increased 8 percent from the year-ago quarter to $2.3 billion.
Completed $3.1 billion in loan sales.
Entered into $525 million accelerated share repurchase agreement.
SLM
SLM
SLM Revenue by Segment
Revenue by Segment
Net Interest Income Revenue
CapyFin.com Forward Guidance
Given the economic uncertainties resulting from COVID-19, the company has withdrawn guidance for 2020.