Sallie Mae Q3 Loss Widens on Lower NII & Higher Expenses, Stock Dips [Yahoo! Finance]
SLM Corporation (SLM)
Last slm corporation earnings: 4/22 04:30 pm
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US:NASDAQ Investor Relations:
salliemae.com/about/investors
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Source: Yahoo! Finance
The bottom line compared unfavorably against the prior-year quarter's earnings of 11 cents. Find the latest earnings estimates and surprises on the Zacks Earnings Calendar. A decline in the net interest income (NII) and a rise in non-interest expenses negatively impacted SLM's results. However, lower provisions for credit losses and robust loan originations created tailwinds. Following the announcement of the third-quarter results, SLM shares fell 1%. The company's GAAP net loss was $45 million against the net income of $29 million in the prior-year quarter. Third-quarter NII was $359 million, down 6.8% year over year. The reported figure missed the Zacks Consensus Estimate by 1.1%. The quarterly net interest margin (NIM) was 5%, down 53 basis points from the prior-year quarter. Non-interest income was $24 million, flat year over year. Non-interest expenses inched up 1.2% year over year to $172 million. The uptick mainly resulted from higher compensation and benefits,
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SLM
News
- Sallie Mae Provides Tips and Tools to Help Students and Families Access Scholarships This National Scholarship MonthBusiness Wire
- Sallie Mae Commemorates Veterans Day With $50,000 Grant to Folds Of Honor [Yahoo! Finance]Yahoo! Finance
- Sallie Mae Commemorates Veterans Day With $50,000 Grant to Folds Of HonorBusiness Wire
- Sallie Mae Awards $400,000 in Scholarships to Support Access to Higher Education [Yahoo! Finance]Yahoo! Finance
- Sallie Mae Awards $400,000 in Scholarships to Support Access to Higher EducationBusiness Wire
SLM
Earnings
- 10/23/24 - Miss
SLM
Sec Filings
- 11/18/24 - Form 8-K
- 11/5/24 - Form 4
- 11/1/24 - Form 144
- SLM's page on the SEC website