SLM Corporation (Sallie Mae) filed an 8-K on November 3, 2025, providing investor materials (Exhibits 99.1 and 99.2) detailing performance through September 30, 2025.
Q3 2025 Financial Highlights: GAAP Net Income was \(132 million, resulting in Diluted EPS of \)0.63. Return on Common Equity (ROCE) was strong at 24.3%. Net Interest Margin (NIM) increased 18 basis points year-over-year to 5.18%. Private Education Loan Originations totaled $2.9 billion, marking a 6% year-over-year increase.
Credit Quality and Balance Sheet Management: Credit quality improved, with Net Charge-Offs (NCOs) d
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