SLM
$18.38
SLM
$.31
1.72%
Earnings Details
3rd Quarter September 2021
Wednesday, October 20, 2021 4:31:00 PM
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Summary

Sallie Mae Raises Guidance

SLM (SLM) reported 3rd Quarter September 2021 earnings of $0.24 per share on revenue of $461.5 million. The consensus earnings estimate was $0.17 per share on revenue of $343.7 million. Revenue fell 6.2% compared to the same quarter a year ago.

The company said it expects 2021 earnings of $3.55 to $3.60 per share. The company's previous guidance was earnings of $3.15 to $3.25 per share and the current consensus earnings estimate is $3.28 per share for the year ending December 31, 2021.

SLM Corp is engaged in saving, planning and paying for education company. It provides funding, delivery & servicing support for education loans in the United States through its private education loan programs.

Results
Reported Earnings
$0.24
Earnings Whisper
-
Consensus Estimate
$0.17
Reported Revenue
$461.5 Mil
Revenue Estimate
$343.7 Mil
Growth
Earnings Growth
Revenue Growth
Power Rating
Grade
Earnings Release

Sallie Mae Reports Third-Quarter 2021 Financial Results

Third-Quarter GAAP Net Income Attributable to Common Stock of $72 Million, or $0.24 Per Diluted Share; Third-Quarter “Core Earnings” Attributable to Common Stock of $74 Million, or $0.24 Per Diluted Share

Private Education Loan Originations of $2.1 Billion in Third Quarter of 2021, an Increase of 10 Percent from Year-Ago Quarter; Private Education Loan Originations of $4.7 Billion in First Nine Months of 2021, a Decrease of 0.2 Percent from Year-Ago Period

Board of Directors Approves $250 Million Increase to the 2021 Share Repurchase Program and Declares Common Stock Dividend for Fourth Quarter 2021 of $0.11 Per Share, Up from $0.03 Per Share for Third Quarter 2021

NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae (Nasdaq: SLM), formally SLM Corporation, today released third-quarter 2021 financial results. Highlights of those results are included in the attached supplement. Complete financial results are available at www.SallieMae.com/investors.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211020006075/en/

Sallie Mae will host an earnings conference call tomorrow, Oct. 21, 2021, at 8 a.m. ET. Executives will be on hand to discuss various highlights of the quarter and to answer questions related to Sallie Mae’s performance. A live audio webcast of the conference call and presentation slides may be accessed at www.SallieMae.com/investors and the hosting website at: https://edge.media-server.com/mmc/p/9rbmfigq.

Participants may also register for the earnings conference call at: https://www.directeventreg.com/der/validateConferenceId.action. Once registration is completed, participants will be provided a dial-in number with a personalized conference code to access the call. Please dial in 15 minutes prior to the start time.

A replay of the webcast will be available via the company’s investor website approximately two hours after the call’s conclusion.

Sallie Mae (Nasdaq: SLM) believes education and life-long learning, in all forms, help people achieve great things. As the leader in private student lending, we provide financing and know-how to support access to college and offer products and resources to help customers make new goals and experiences, beyond college, happen. Learn more at SallieMae.com. Commonly known as Sallie Mae, SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.

Category: Corporate and Financial

Media
Rick Castellano, 302-451-2541, rick.castellano@salliemae.com

Investors
Brian Cronin, 302-451-0304, brian.cronin@salliemae.com

Source: Sallie Mae