Loading...
•
Dec 31, 2021
SLM Q4 2021 Earnings Report
Reported strong financial results for Q4 2021, driven by a focus on the core business and strategic imperatives.
Key Takeaways
Sallie Mae reported a GAAP net income attributable to common stock of $305 million, or $1.04 per diluted share, and a non-GAAP "Core Earnings" net income attributable to common stock of $306 million, or $1.05 per diluted share for the fourth quarter of 2021. The company also repurchased 14 million shares of common stock and paid a dividend of $0.11 per share.
GAAP net income was $306 million, down 29%.
Net interest income was $367 million, up less than 1%.
Private education loan originations were $737 million, up 18%.
The company sold $1.05 billion in private education loans.
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 $255 million - $275 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 $255 million - $275 million.
- Full-year non-interest expenses of $555 million - $565 million.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...