--- title: "SLM CORP PREF SHARE SLMA V0 P12/31/49 B | 8-K: FY2026 Q2 Revenue: USD 670.34 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/293664134.md" datetime: "2026-07-23T20:34:11.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293664134.md) - [en](https://longbridge.com/en/news/293664134.md) - [zh-HK](https://longbridge.com/zh-HK/news/293664134.md) --- # SLM CORP PREF SHARE SLMA V0 P12/31/49 B | 8-K: FY2026 Q2 Revenue: USD 670.34 M Revenue: As of FY2026 Q2, the actual value is USD 670.34 M. EPS: As of FY2026 Q2, the actual value is USD 0.29. EBIT: As of FY2026 Q2, the actual value is USD 349.7 M. ### Operational Metrics (Q2 2026 vs. Q2 2025) #### Net Income Net income was $59 million in Q2 2026, a decrease from $71 million in Q2 2025. Net income attributable to common stock was $55 million in Q2 2026, down from $67 million in Q2 2025. #### Private Education Loan Originations Growth Originations increased by 4.5% from the year-ago quarter. #### Average Loans Outstanding, Net Averaged $21.1 billion during the quarter. #### Net Charge-Offs Net charge-offs were $113 million in Q2 2026, an increase from the year-ago quarter, primarily due to misaligned third-party debt resolution practices affecting a segment of borrowers. #### Non-Interest Expenses Totaled $195 million in Q2 2026, compared to $167 million in Q2 2025, attributed to the launch of new and enhanced loan products. #### Cost of Funds Cost of funds was 4.13% in Q2 2026, a decrease from 4.22% in Q2 2025, which supported earnings. #### Delinquencies Delinquencies as a percentage of loans in repayment were 3.72% for Q2 2026, up from 3.51% for Q2 2025. #### Net Interest Income Net interest income was $333 million in Q2 2026, down from $377 million in Q2 2025. #### Provisions for Credit Losses Provisions for credit losses were $126 million in Q2 2026, compared to $149 million in Q2 2025. #### Total Non-Interest Income Total non-interest income was $68 million in Q2 2026, an increase from $27 million in Q2 2025. #### Total Interest Income Total interest income was $602 million in Q2 2026, compared to $657 million in Q2 2025. #### Total Interest Expense Total interest expense was $269 million in Q2 2026, compared to $280 million in Q2 2025. #### Net Interest Margin Net interest margin was 4.75% in Q2 2026, down from 5.31% in Q2 2025. #### Yield - Total Interest-Earning Assets Yield on total interest-earning assets was 8.59% in Q2 2026, compared to 9.25% in Q2 2025. #### Private Education Loans Yield Private education loans yield was 10.25% in Q2 2026, compared to 10.62% in Q2 2025. #### Efficiency Ratio The efficiency ratio was 48.6% in Q2 2026, compared to 41.4% in Q2 2025. #### Return on Assets (ROA) Return on assets was 0.8% in Q2 2026, down from 1.0% in Q2 2025. #### Return on Common Equity (ROCE) Return on common equity was 9.9% in Q2 2026, down from 12.6% in Q2 2025. ### Unique Metrics and Capital Deployment #### Private Education Loan Sales Sallie Mae sold $420 million of Private Education Loans in Q2 2026, including $399 million of principal and $21 million of capitalized interest, through strategic partnerships, compared to no sales in Q2 2025. #### Loans Held for Investment, Net (Ending Balance) Loans held for investment, net, totaled $19,531 million at June 30, 2026, compared to $21,160 million at June 30, 2025. #### Loans Held for Sale, Net (Ending Balance) Loans held for sale, net, were $172 million at June 30, 2026, compared to $0 million at June 30, 2025. #### Deposits (Ending Balance) Total deposits were $19,895 million at June 30, 2026, down from $20,482 million at June 30, 2025. Brokered deposits were $8,246 million in Q2 2026 versus $8,592 million in Q2 2025, and retail and other deposits were $11,649 million in Q2 2026 versus $11,890 million in Q2 2025. #### Share Repurchase Program The $200 million accelerated share repurchase (ASR) concluded in June 2026, resulting in 9.3 million shares repurchased. As of June 30, 2026, $242 million of capacity remained under the Company’s 2026 Share Repurchase Program. #### Dividends A quarterly common stock dividend of $0.13 per share was paid on June 15, 2026. ### 2026 Guidance For the full-year 2026, Sallie Mae anticipates diluted earnings per common share to be between $3.10 and $3.20. Private Education Loan originations growth is projected at 12% to 14% year-over-year. Net charge-offs are expected to range from $365 million to $385 million, and non-interest expenses are forecast to be between $750 million and $780 million. ### Related Stocks - [SLMBP.US](https://longbridge.com/en/quote/SLMBP.US.md) ## Related News & Research - [SLM Corporation PFD SER B declares $1.439 dividend](https://longbridge.com/en/news/293553242.md) - [Zhongchao executes 1-for-3 share consolidation effective June 29, 2026](https://longbridge.com/en/news/294046100.md) - [Magic Empire Global holds shareholder meetings on Class B voting rights, share authorization increase](https://longbridge.com/en/news/293938997.md) - [CoreWeave Chief Development Officer Brannin McBee disposes of $10.16 million in common shares](https://longbridge.com/en/news/294282868.md) - [.B (FNB) Could Be 10% Undervalued As Earnings And Guidance Improve](https://longbridge.com/en/news/293952521.md)