SLMBP - SLM Corporation (SLM) Q4 2024 Earnings Call Transcript

2025-01-23 21:17:42 ET

SLM Corporation (SLM)

Q4 2024 Earnings Conference Call

January 23, 2025 05:30 PM ET

Company Participants

Melissa Bronaugh - VP & Head, IR

Jon Witter - CEO & Director

Pete Graham - EVP & CFO

Conference Call Participants

Terry Ma - Barclays

Mark DeVries - Deutsche Bank

Michael Kaye - Wells Fargo

Moshe Orenbuch - TD Cowen

Jeff Adelson - Morgan Stanley

John Hecht - Jefferies

Nate Richam - Bank of America

Rick Shane - JPMorgan

Sanjay Sakhrani - KBW

Giuliano Bologna - Compass Point

Jon Arfstrom - RBC Capital Markets

Presentation

Operator

Welcome to the Sallie Mae Fourth Quarter and Full Year 2024 Earnings Conference Call. At this time, all participants have been placed on a listen-only mode and the floor will be open for your questions following the prepared remarks. [Operator Instructions]

I would now like to turn the call over to Melissa Bronaugh, Managing Vice-President, Head of FP&A and Investor Relations. Please go ahead.

Melissa Bronaugh

Thank you, David. Good evening, and welcome to Sallie Mae's fourth quarter and full year 2024 earnings call. It's my pleasure to be here today with Jon Witter, our CEO; and Pete Graham, our CFO.

After the prepared remarks, we will open the call for questions. Before we begin, keep in mind, our discussion will contain predictions, expectations and forward-looking statements. Actual results in the future may be materially different from those discussed here due to a variety of factors. Listeners should refer to the discussion of those factors in the company's Form 10-K and other filings with the SEC.

For Sallie Mae, these factors include, among others, results of operations, financial conditions and/or cash flows as well as any potential impacts of various external factors on our business. We undertake no obligation to update or revise any predictions, expectations or forward-looking statements to reflect events or circumstances that occur after today, Thursday, January 23, 2025.

Thank you, and now, I'll turn the call over to Jon.

Jon Witter

Thank you, Melissa and David. Good evening, everyone. Thank you for joining us today to discuss Sallie Mae's fourth quarter and full year 2024 results. I'm pleased to report on a successful year and discuss our outlook for 2025.

I hope you'll take away three key messages today. First, we delivered strong results in 2024. Second, we exceeded our expectations for originations, both in terms of volume and credit quality. And third, we believe that we have strong momentum entering 2025 and are well positioned to deliver on the strategy and investment thesis that we outlined a little over a year ago....

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