SLM - Sallie Mae Reports Fourth-Quarter and Full-Year 2022 Financial Results
Fourth-Quarter GAAP Net Loss Attributable to Common Stock of $81 Million, $0.33 Loss Per Share; Full-Year 2022 GAAP Net Income Attributable to Common Stock of $460 Million, $1.76 Per Diluted Share
Impacting Earnings Per Share for the Fourth-Quarter and Full-Year 2022 Were the Fourth-Quarter Provision for Credit Losses of $297 Million and the Write Down of $60 Million of the Value of an Investment in Non-Marketable Equity Securities
Repurchased 40 Million Shares of Common Stock in Full-Year 2022; 14% Reduction in Total Common Stock Outstanding Since January 1, 2022
Full-Year Net Interest Margin of 5.31%, Up 10% From Year-Ago Period
Full-Year 2022 Private Education Loan Originations of $6.0 Billion, Up 10% From Year-Ago Period
Sallie Mae (Nasdaq: SLM), formally SLM Corporation, today released fourth-quarter and full-year 2022 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/20230201006006/en/
Sallie Mae will host an earnings conference call tomorrow, Feb. 2, 2023, 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/hsm8g7qs .
Participants may also register for the earnings conference call at: https://register.vevent.com/register/BIca989e7e50294634aadee18aa7b44a65 . 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
View source version on businesswire.com: https://www.businesswire.com/news/home/20230201006006/en/
Media
Rick Castellano
302-451-2541
rick.castellano@SallieMae.com
Investors
Melissa Bronaugh
571-526-2455
melissa.bronaugh@SallieMae.com