Fourth-Quarter GAAP Net Income Attributable to Common Stock of $164 Million, $0.72 Per Diluted Share; Full-Year 2023 GAAP Net Income Attributable to Common Stock of $564 Million, $2.41 Per Diluted Share
Full-Year 2023 Private Education Loan Originations of $6.4 Billion, Up 7% From Year-Ago Period
Fourth-Quarter 2023 Private Education Loan Net Charge-offs of 2.43%, Down From 3.15% in Year-Ago Period
Impacting Earnings Per Share for the Fourth-Quarter and Full-Year 2023 Was the Non-Cash Charge of $56 Million to Write Down the Nitro Trade Name and Trademarks
Board of Directors Approves New $650 Million Share Repurchase Program
Sallie Mae (Nasdaq: SLM), formally SLM Corporation, today released fourth-quarter and full-year 2023 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/20240124185249/en/
Sallie Mae will host an earnings conference call today, Jan. 24, 2024, at 5:30 p.m. ET. Executives will be on hand to discuss various highlights of the quarter and year 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 . 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/20240124185249/en/
Media
Rick Castellano, 302-451-2541, rick.castellano@SallieMae.com
Investors
Melissa Bronaugh, 571-526-2455, melissa.bronaugh@SallieMae.com