Sallie Mae's (SLM) Q1 Earnings Beat Estimates, Expenses Rise [Yahoo! Finance]
SLM Corporation (SLM)
Last slm corporation earnings: 4/22 04:30 pm
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Source: Yahoo! Finance
The bottom line compared favorably with the prior-year quarter's 47 cents. Lower provisions for credit losses, robust loan originations and higher non-interest income were positives. However, a decline in the net interest income (NII) and a rise in non-interest expenses impeded the results. The company's GAAP net income was $290 million compared with $119 million in the prior-year quarter. NII Declines, Expenses Climb First-quarter NII was $387 million, down 4.4% year over year. The reported figure surpassed the Zacks Consensus Estimate of $376.4 million. The quarterly net interest margin (NIM) was 5.49%, down from 5.70% in the prior-year quarter. Non-interest income was $174 million compared with $22 million in the prior-year quarter. This was mainly attributable to improvements in all non-interest income components. Non-interest expenses jumped 3.1% year over year to $162 million. The surge mainly resulted from higher compensation and benefits, as well as FDIC assessme
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SLM
News
- Sallie Mae Releases Environmental, Social, and Governance (ESG) Report [Yahoo! Finance]Yahoo! Finance
- Sallie Mae Releases Environmental, Social, and Governance (ESG) ReportBusiness Wire
- The Sallie Mae Fund Grants $75,000 to DC College Access Program to Support Higher Education Access and Completion [Yahoo! Finance]Yahoo! Finance
- The Sallie Mae Fund Grants $75,000 to DC College Access Program to Support Higher Education Access and CompletionBusiness Wire
- SLM Corporation (NASDAQ:SLM) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
SLM
Earnings
- 4/24/24 - Beat
SLM
Sec Filings
- 4/30/24 - Form 8-K
- 4/26/24 - Form ARS
- 4/26/24 - Form DEFA14A
- SLM's page on the SEC website