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SLM shares fell after the student lender disclosed it had paused most of its third-party recovery activities as third-quarter net charge-offs reached $90.4 million. Levi & Korsinsky is investigating potential securities law violations on behalf of SLM investors.
Sixth Street committed to buy $1.5 billion in student loans annually. SLM lowered 2026 earnings guidance to $1.95 to $2.05 per share.
SLM Corporation (SLM) Q3 2026 Earnings Call Transcript
SLM NASDAQ: SLM, the company known as Sallie Mae, reported record third-quarter private education loan originations and announced a new funding partnership with Sixth Street, while lowering its full-year earnings outlook after deciding against a planned whole-loan sale amid elevated interest rates and volatile capital markets.
Although the revenue and EPS for Sallie Mae (SLM) give a sense of how its business performed in the quarter ended September 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Sallie Mae (SLM) came out with a quarterly loss of $0.19 per share versus the Zacks Consensus Estimate of $0.12. This compares to earnings of $0.63 per share a year ago.
The private student loan company, formally SLM Corp., now expects earnings per share for the year to be $1.95 to $2.05, down from its earlier guidance of $3.10 to $3.20.
NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae (Nasdaq: SLM), formally SLM Corporation, today released third quarter 2026 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 will host an earnings conference call today, Oct. 22, 2026, at 5:30 p.m. ET. Executives will be on hand to discuss various highlights of the quarter and.