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
- SLM Co. (NASDAQ: SLM) had its "outperform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $26.00 price target on the stock.MarketBeat
- SLM Co. (NASDAQ: SLM) had its "outperform" rating re-affirmed by analysts at Wedbush. They now have a $26.00 price target on the stock.MarketBeat
- SLM Co. (NASDAQ: SLM) had its price target lowered by analysts at Barclays PLC from $27.00 to $26.00. They now have an "overweight" rating on the stock.MarketBeat
- SLM Corporation 2024 Q3 - Results - Earnings Call Presentation [Seeking Alpha]Seeking Alpha
- SLM Corporation (SLM) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
SLM
Earnings
- 10/23/24 - Miss
SLM
Sec Filings
- 10/24/24 - Form 8-K
- 10/23/24 - Form 10-Q
- 10/23/24 - Form 8-K
- SLM's page on the SEC website