SLM

Q2 FY2026 EarningsQ2 FY26 missed consensus expectations on the bottom line, with GAAP Diluted EPS of $0.29 vs. $0.44 expected. While net interest income was resilient at $333M and Private Education Loan originations grew 4.5% YoY, the miss was primarily driven by higher-than-anticipated non-interest expenses ($195M vs. ~$187M implied) and elevated credit loss provisions. Despite the quarterly miss, management reaffirmed full-year 2026 EPS guidance of $3.10 - $3.20, citing momentum heading into the peak lending season.