---
title: "SLM CORP PREF SHARE SLMA V0 P12/31/49 B | 8-K: FY2026 Q1 Revenue: USD 559.99 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283889253.md"
datetime: "2026-04-23T20:34:20.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283889253.md)
  - [en](https://longbridge.com/en/news/283889253.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283889253.md)
generator: "portal-rs"
---

# SLM CORP PREF SHARE SLMA V0 P12/31/49 B | 8-K: FY2026 Q1 Revenue: USD 559.99 M

Revenue: As of FY2026 Q1, the actual value is USD 559.99 M.

EPS: As of FY2026 Q1, the actual value is USD 1.54.

EBIT: As of FY2026 Q1, the actual value is USD 24.94 M.

### First Quarter 2026 Financial Results for Sallie Mae

#### Operational Metrics

-   **Net Income**: Sallie Mae reported a net income of $308 million for Q1 2026, an increase from $305 million in Q1 2025. Net income attributable to common stock was $304 million, up from $301 million in the prior year quarter.
-   **Net Interest Income**: Net interest income remained consistent at $375 million for both Q1 2026 and Q1 2025.
-   **Provisions for Credit Losses**: Provisions for credit losses were - $11 million in Q1 2026, compared to $23 million in Q1 2025.
-   **Non-Interest Expenses**: Total non-interest expenses were $171 million in Q1 2026, an increase from $155 million in Q1 2025.
-   **Income Before Income Tax Expense**: Income before income tax expense was $400 million in Q1 2026, a slight decrease from $403 million in Q1 2025.

#### Key Performance Metrics

-   **Private Education Loan Originations**: Originations increased by 5% from the year-ago quarter.
-   **Average Loans Outstanding, Net**: Average loans outstanding, net, totaled $23.3 billion during the quarter.
-   **Net Charge-Offs**: Net charge-offs were $89 million, consistent with expectations and full-year guidance.
-   **Delinquencies**: Delinquencies as a percentage of loans in repayment were 3.98% for Q1 2026, up from 3.58% for Q1 2025.
-   **Loans in Hardship Forbearance**: Loans in hardship forbearance were 0.99% for Q1 2026, compared with 0.92% for Q1 2025.
-   **Net Interest Margin**: The net interest margin was 5.29% in Q1 2026, slightly up from 5.27% in Q1 2025.
-   **Cost of Funds**: The cost of funds was 4.13% in Q1 2026, a decrease from 4.23% in Q1 2025.
-   **Efficiency Ratio**: The efficiency ratio was 30.6% in Q1 2026, compared to 26.6% in Q1 2025.
-   **Return on Assets (ROA)**: ROA remained at 4.2% for both Q1 2026 and Q1 2025.
-   **Return on Common Equity (ROCE)**: ROCE was 56.4% in Q1 2026, down from 60.1% in Q1 2025.

#### Loan Sales and Capital Deployment

-   **Private Education Loan Sales**: Private Education Loan sales totaled $3,332 million in Q1 2026, generating a $146 million gain on sale.
-   **Share Repurchases**: The company repurchased 12.0 million shares of common stock for $259 million during Q1 2026.
-   **Accelerated Share Repurchase (ASR)**: A $200 million ASR was entered into in March 2026, with an initial delivery of 8.4 million shares.
-   **Share Repurchase Program Capacity**: As of March 31, 2026, $242 million of capacity remained under the 2026 Share Repurchase Program.
-   **Quarterly Dividend**: A quarterly dividend of $0.13 per share was paid.

#### Outlook / Guidance for Full-Year 2026

Sallie Mae raised its full-year 2026 diluted earnings per common share guidance to $3.10 - $3.20. The company anticipates Private Education Loan originations to grow by 12% - 14% year-over-year. Full-year net charge-offs are projected to be between $345 million and $385 million, while non-interest expenses are expected to range from $750 million to $780 million.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**