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Jun 30, 2021
SLM Q2 2021 Earnings Report
Reported GAAP net income attributable to common stock of $139 million and core earnings attributable to common stock of $144 million.
Key Takeaways
Sallie Mae reported a strong second quarter in 2021, with GAAP net income of $139 million, or $0.44 per diluted share, and core earnings of $144 million, or $0.45 per diluted share. The company originated $533 million in private education loans and repurchased 23 million shares of common stock, reducing the total common stock outstanding by 19% since the beginning of the year.
GAAP net income of $140 million, up 265%.
Net interest income of $339 million, down 3%.
Private education loan originations of $533 million, up 7%.
Repurchased $439 million of common stock under share repurchase programs.
SLM
SLM
SLM Revenue by Segment
Revenue by Segment
Net Interest Income Revenue
CapyFin.com Forward Guidance
For 2021, the company expects diluted GAAP earnings per common share of $3.15 - $3.25, Private Education Loan originations year-over-year growth of 6% - 7%, total loan portfolio net charge-offs of $215 million - $225 million, and non-interest expenses of $525 million - $535 million.
Positive Outlook
- Full-year diluted GAAP earnings per common share of $3.15 - $3.25.
- Full-year Private Education Loan originations year-over-year growth of 6% - 7%.
- Full-year total loan portfolio net charge-offs of $215 million - $225 million.
- Full-year non-interest expenses of $525 million - $535 million.