Earnings ·
Sallie Mae reported second quarter 2026 financial results with GAAP diluted earnings per common share of $0.29 and a…
SLMSLM Corp
Sallie Mae reported second quarter 2026 financial results with GAAP diluted earnings per common share of $0.29 and a 4.5% increase in private education loan originations. The company concluded a $200 million accelerated share repurchase program in June 2026, repurchasing 9.3 million shares. Full-year 2026 guidance expects diluted earnings per common share between $3.10 and $3.20 and net charge-offs between $365 million and $385 million. The company operates in the private student lending industry, providing financing and resources for higher education.