SLMNASDAQ: SLM

NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae (Nasdaq: SLM), formally SLM Corporation, today released third-quarter 2024 financial results. Complete financial results and related materials are available at www.SallieMae.com/investors. The materials will also be available on the Securities and Exchange Commission's website at www.sec.gov. Sallie Mae also announced an increase to its 2024 fourth-quarter dividend on its common stock from $0.11 to $0.13 per share. Sallie Mae further announced a 2024 fo.

NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae® (Nasdaq: SLM), formally SLM Corporation, will release third-quarter 2024 financial results after market close on Wednesday, Oct. 23, 2024. A live audio webcast and presentation slides will be available at SallieMae.com/investors and the hosting website. Investors should log in at least 15 minutes prior to the broadcast. The earnings news release will be available at SallieMae.com/investors. A replay will also be available on the site. Sallie Mae (Nasda.

NEWARK, Del.--(BUSINESS WIRE)--The Sallie Mae Fund, Inc. today announced it is contributing $200,000 to HBCU Week Foundation, Inc. to support higher education access at Historically Black Colleges and Universities (HBCUs). The Sallie Mae Fund will again be the presenting sponsor for the HBCU Week College Fair in Wilmington, Del., on Sept. 27 and the national HBCU College Fair in Orlando, Fla., on Oct. 24. These events attract thousands of prospective HBCU students and connect students to school.

SLM's rising average loan balance is supporting NII growth. However, escalating costs are a near-term concern.

Though concerns about rising prices and poor asset quality are likely to hurt the Zacks Consumer Loans industry, the digitization of operations, expected rate cuts, decent loan demand and easing lending standards will aid Ally Financial (ALLY), Mr. Cooper (COOP) and SLM Corp, (SLM).

Despite the possibility of sluggishness in price and a fast come off in dividends for SLM's preference share listing SLMBP earlier this year, the fears turned out to be unfounded. The latest Q2 2024 results further support the stock. Loan originations continue to grow and even with a narrowing net interest margin, the EPS has inched up. Further, the EPS guidance has been upgraded, which is favourable for market multiples and slower than expected interest rate decline works well for the dividends.

SLM Corporation (NASDAQ:SLM ) Q2 2024 Earnings Conference Call July 24, 2024 5:30 PM ET Company Participants Melissa Bronaugh - VP & Head of Investor Relations Jon Witter - CEO & Director Pete Graham - Executive VP & CFO Conference Call Participants Moshe Orenbuch - TD Cowen Sanjay Sakhrani - KBW Mark DeVries - Deutsche Bank Terry Ma - Barclays Michael K - Wells Fargo Jeff Adelson - Morgan Stanley Rick Shane - JPMorgan John Hecht - Jefferies Jon Arfstrom - RBC Capital Markets Giuliano Bologna - Compass Point Operator Good day, everyone. And welcome to Sallie Mae Second Quarter 2024 Earnings Conference Call.

While the top- and bottom-line numbers for Sallie Mae (SLM) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Sallie Mae (SLM) came out with quarterly earnings of $1.11 per share, beating the Zacks Consensus Estimate of $0.79 per share. This compares to earnings of $1.10 per share a year ago.