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Mar 31, 2022
SLM Q1 2022 Earnings Report
Delivered strong results in the first quarter of 2022.
Key Takeaways
Sallie Mae reported strong first-quarter results with a GAAP net income of $128 million, or $0.45 per diluted share. Private education loan originations increased by 6% year-over-year to $2.2 billion. The company also repurchased $176 million of common stock during the quarter.
GAAP net income was $128 million, or $0.45 per diluted share.
Private education loan originations increased 6% year-over-year to $2.2 billion.
The company repurchased $176 million of common stock in the first quarter of 2022.
Completed $2.0 Billion Private Education Loan Sale on April 27, 2022
Forward Guidance
For 2022, the company expects Full-year diluted non-GAAP “Core Earnings” per common share of $2.80 - $3.00, Full-year Private Education Loan originations year-over-year growth of 8% - 10%, Full-year total loan portfolio net charge-offs of $270 million - $290 million, and Full-year non-interest expenses of $555 million - $565 million.
Positive Outlook
- Full-year diluted non-GAAP “Core Earnings” per common share of $2.80 - $3.00
- Full-year Private Education Loan originations year-over-year growth of 8% - 10%
- Full-year total loan portfolio net charge-offs of $270 million - $290 million
- Full-year non-interest expenses of $555 million - $565 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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