SLM | 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, missing the estimate of USD 0.4407.

EBIT: As of FY2026 Q2, the actual value is USD 155.88 M.

For Q2 2026, net income was $59 million, a decrease from $71 million in Q2 2025. Net income attributable to common stock for Q2 2026 was $55 million, down from $67 million in Q2 2025.
For the six months ended June 30, 2026, net income was $366,479 thousand, compared to $375,812 thousand for the same period in 2025. Net income attributable to SLM Corporation common stock for the six months ended June 30, 2026, was $359,343 thousand, compared to $367,884 thousand for the six months ended June 30, 2025.

Net interest income for Q2 2026 was $333 million, down from $377 million in Q2 2025.
For the six months ended June 30, 2026, net interest income was $708,232 thousand, compared to $751,790 thousand for the same period in 2025.

Income before income tax expense for Q2 2026 was $80,461 thousand, compared to $87,634 thousand in Q2 2025.
For the six months ended June 30, 2026, income before income tax expense was $480,814 thousand, compared to $490,753 thousand for the same period in 2025.

Total non-interest expenses were $195 million in Q2 2026, an increase from $167 million in Q2 2025.
For the six months ended June 30, 2026, total non-interest expenses were $366,084 thousand, compared to $321,853 thousand for the same period in 2025.

Private Education Loan originations increased by 4.5% from the year-ago quarter.
Average loans outstanding, net, totaled $21.1 billion during Q2 2026.
SLM Corporation sold $420 million of Private Education Loans in Q2 2026, which included $399 million of principal and $21 million of capitalized interest.
The cost of funds was 4.13% in Q2 2026, down from 4.22% in Q2 2025.
Net charge-offs were $113 million in Q2 2026, an increase from the year-ago quarter.
Delinquencies as a percentage of loans in repayment were 3.72% for Q2 2026, up from 3.51% for Q2 2025.
Net interest margin was 4.75% for Q2 2026, compared to 5.31% for Q2 2025.
Return on Assets (“ROA”) was 0.8% for Q2 2026, down from 1.0% for Q2 2025. Return on Common Equity (“ROCE”) was 9.9% for Q2 2026, compared to 12.6% for Q2 2025.
Private Education Loans held for investment, net, were $19,531 million at June 30, 2026, down from $21,160 million at June 30, 2025.
Deposits totaled $19,895 million at June 30, 2026, compared to $20,482 million at June 30, 2025.

The company’s $200 million accelerated share repurchase (ASR) concluded in June 2026, resulting in a total of 9.3 million shares repurchased.
As of June 30, 2026, $242 million of capacity remained available under the Company’s 2026 Share Repurchase Program.
A quarterly common stock dividend of $0.13 per share was paid on June 15, 2026.

For the full-year 2026, SLM Corporation expects diluted earnings per common share to be between $3.10 and $3.20. Private Education Loan originations are projected to grow by 12% to 14% year-over-year. Net charge-offs are anticipated to range from $365 million to $385 million, while non-interest expenses are expected to be between $750 million and $780 million.

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, missing the estimate of USD 0.4407.

EBIT: As of FY2026 Q2, the actual value is USD 155.88 M.

For Q2 2026, net income was $59 million, a decrease from $71 million in Q2 2025. Net income attributable to common stock for Q2 2026 was $55 million, down from $67 million in Q2 2025.
For the six months ended June 30, 2026, net income was $366,479 thousand, compared to $375,812 thousand for the same period in 2025. Net income attributable to SLM Corporation common stock for the six months ended June 30, 2026, was $359,343 thousand, compared to $367,884 thousand for the six months ended June 30, 2025.

Net interest income for Q2 2026 was $333 million, down from $377 million in Q2 2025.
For the six months ended June 30, 2026, net interest income was $708,232 thousand, compared to $751,790 thousand for the same period in 2025.

Income before income tax expense for Q2 2026 was $80,461 thousand, compared to $87,634 thousand in Q2 2025.
For the six months ended June 30, 2026, income before income tax expense was $480,814 thousand, compared to $490,753 thousand for the same period in 2025.

Total non-interest expenses were $195 million in Q2 2026, an increase from $167 million in Q2 2025.
For the six months ended June 30, 2026, total non-interest expenses were $366,084 thousand, compared to $321,853 thousand for the same period in 2025.

Private Education Loan originations increased by 4.5% from the year-ago quarter.
Average loans outstanding, net, totaled $21.1 billion during Q2 2026.
SLM Corporation sold $420 million of Private Education Loans in Q2 2026, which included $399 million of principal and $21 million of capitalized interest.
The cost of funds was 4.13% in Q2 2026, down from 4.22% in Q2 2025.
Net charge-offs were $113 million in Q2 2026, an increase from the year-ago quarter.
Delinquencies as a percentage of loans in repayment were 3.72% for Q2 2026, up from 3.51% for Q2 2025.
Net interest margin was 4.75% for Q2 2026, compared to 5.31% for Q2 2025.
Return on Assets (“ROA”) was 0.8% for Q2 2026, down from 1.0% for Q2 2025. Return on Common Equity (“ROCE”) was 9.9% for Q2 2026, compared to 12.6% for Q2 2025.
Private Education Loans held for investment, net, were $19,531 million at June 30, 2026, down from $21,160 million at June 30, 2025.
Deposits totaled $19,895 million at June 30, 2026, compared to $20,482 million at June 30, 2025.

The company’s $200 million accelerated share repurchase (ASR) concluded in June 2026, resulting in a total of 9.3 million shares repurchased.
As of June 30, 2026, $242 million of capacity remained available under the Company’s 2026 Share Repurchase Program.
A quarterly common stock dividend of $0.13 per share was paid on June 15, 2026.

For the full-year 2026, SLM Corporation expects diluted earnings per common share to be between $3.10 and $3.20. Private Education Loan originations are projected to grow by 12% to 14% year-over-year. Net charge-offs are anticipated to range from $365 million to $385 million, while non-interest expenses are expected to be between $750 million and $780 million.