{"id":751738,"date":"2023-04-26T18:36:15","date_gmt":"2023-04-26T22:36:15","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/sallie-mae-reports-first-quarter-2023-financial-results\/"},"modified":"2023-04-26T18:36:15","modified_gmt":"2023-04-26T22:36:15","slug":"sallie-mae-reports-first-quarter-2023-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sallie-mae-reports-first-quarter-2023-financial-results\/","title":{"rendered":"Sallie Mae Reports First-Quarter 2023 Financial Results"},"content":{"rendered":"

<\/p>\n

Sallie Mae Reports First-Quarter 2023 Financial Results<\/b><\/p>\n

First-Quarter GAAP Net Income Attributable to Common Stock of $114 Million, <\/i><\/b>or $0.47 Per Diluted Share<\/i><\/b><\/p>\n

Private Education Loan Originations Increase 12% from Year-Ago Quarter to $2.4 Billion<\/i><\/b><\/p>\n

Improved Credit Performance Compared with Fourth-Quarter 2022; <\/i><\/b>Private Education Loan Net Charge-offs of 2.1% for the First-Quarter<\/i><\/b><\/p>\n

Sallie Mae Bank First-Quarter Liquidity Ratio of 19.7%, <\/i><\/b>up from 17.2% in the Year-Ago Quarter<\/i><\/b><\/p>\n

The Company Expects to Close $2 Billion Loan Sale in Early May<\/i><\/b><\/p>\n

NEWARK, Del.–(BUSINESS WIRE<\/a>)–
\nSallie Mae (Nasdaq: SLM), formally SLM Corporation, today released first-quarter 2023 financial results. Highlights of those results are included in the attached supplement. Complete financial results are available at www.SallieMae.com\/investors<\/a>.<\/p>\n

This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230426005919\/en\/<\/a><\/p>\n

\nSallie Mae will host an earnings conference call tomorrow, April 27, 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\u2019s performance. A live audio webcast of the conference call and presentation slides may be accessed at www.SallieMae.com\/investors<\/a> and the hosting website<\/a>.<\/p>\n

\nParticipants may also register<\/a> for the earnings conference call. 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.<\/p>\n

\nA replay of the webcast will be available via the company\u2019s investor website approximately two hours after the call\u2019s conclusion.<\/p>\n

Sallie Mae<\/b> (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.<\/p>\n

\nCategory: Corporate and Financial<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230426005919\/en\/<\/a><\/span><\/p>\n

Media
\n<\/b>
Rick Castellano,302-451-2541, rick.castellano@salliemae.com
\n<\/a><\/p>\n

Investors
\n<\/b>
Melissa Bronaugh, 571-526-2455, melissa.bronaugh@salliemae.com<\/a><\/p>\n

KEYWORDS:<\/b> Delaware United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Finance Banking Professional Services University Education<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Sallie Mae Reports First-Quarter 2023 Financial Results First-Quarter GAAP Net Income Attributable to Common Stock of $114 Million, or $0.47 Per Diluted Share Private Education Loan Originations Increase 12% from Year-Ago Quarter to $2.4 Billion Improved Credit Performance Compared with Fourth-Quarter 2022; Private Education Loan Net Charge-offs of 2.1% for the First-Quarter Sallie Mae Bank First-Quarter Liquidity Ratio of 19.7%, up from 17.2% in the Year-Ago Quarter The Company Expects to Close $2 Billion Loan Sale in Early May NEWARK, Del.–(BUSINESS WIRE)– Sallie Mae (Nasdaq: SLM), formally SLM Corporation, today released first-quarter 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 … <\/p>\n

Continue reading “Sallie Mae Reports First-Quarter 2023 Financial Results”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-751738","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSallie Mae Reports First-Quarter 2023 Financial Results - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/sallie-mae-reports-first-quarter-2023-financial-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sallie Mae Reports First-Quarter 2023 Financial Results - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Sallie Mae Reports First-Quarter 2023 Financial Results First-Quarter GAAP Net Income Attributable to Common Stock of $114 Million, or $0.47 Per Diluted Share Private Education Loan Originations Increase 12% from Year-Ago Quarter to $2.4 Billion Improved Credit Performance Compared with Fourth-Quarter 2022; Private Education Loan Net Charge-offs of 2.1% for the First-Quarter Sallie Mae Bank First-Quarter Liquidity Ratio of 19.7%, up from 17.2% in the Year-Ago Quarter The Company Expects to Close $2 Billion Loan Sale in Early May NEWARK, Del.–(BUSINESS WIRE)– Sallie Mae (Nasdaq: SLM), formally SLM Corporation, today released first-quarter 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. 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