Q4 2025 SLM Corp Earnings Call Transcript
Key Points
- SLM Corp (SLM) reported a successful year with a strong outlook for 2026, highlighting the robustness of the private student lending sector.
- The company delivered its inaugural private credit strategic partnership, combining predictable earnings with capital efficiency and risk transfer benefits.
- SLM Corp (SLM) achieved a GAAP diluted EPS of $3.46 for the full year 2025, up from $2.68 in 2024, indicating strong financial performance.
- The company repurchased 12.8 million shares for $373 million in 2025, demonstrating a commitment to returning capital to shareholders.
- SLM Corp (SLM) announced a new two-year $500 million share repurchase authorization, indicating confidence in its financial position and future prospects.
- The company's net charge-offs for private education loans were $346 million for the full year 2025, representing 2.5% of average loans in repayment.
- Private education loans delinquent 30 days or more increased to 4% at the end of 2025, up from 3.7% at the end of 2024.
- Noninterest expenses for the full year increased to $659 million, a 2.6% rise from 2024, reflecting higher costs.
- SLM Corp (SLM) anticipates private education loan portfolio growth to be flat to slightly negative in 2026 due to strategic partnership growth.
- The company expects noninterest expenses to rise significantly in 2026, driven by onetime investments and higher marketing costs.
Welcome to the Sallie Mae fourth-quarter and full-year 2025 earnings conference call. (Operator Instructions)
I would now like to turn the call over to Kate De Lacy, Senior Director and Head of Investor Relations. Please go ahead.
Thank you, Lorie. Good evening, and welcome to Sallie Mae's fourth-quarter and full-year 2025 earnings call. It is my pleasure to be here today with Jon Witter, our CEO; Pete Graham, our CFO; and Melissa Bronaugh, Managing Vice President of Strategic Finance.
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-Q and other filings with the SEC.
For Sallie Mae, these factors include, among others, results of
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
