Sallie Mae Profit Doubles in 4Q on Rising Student Loan Originations

Dow Jones01-23

By Elias Schisgall

SLM more than doubled its profit in the fourth quarter as student loan organizations rose by 4%.

The student loan lender, also known as Sallie Mae, on Thursday reported a profit of $233.2 million, or $1.12 a share, compared with $111.6 million, or 50 cents a share, a year earlier. Analysts surveyed by FactSet were expecting earnings of 88 cents a share.

Originations in the fourth quarter were roughly $1 billion, Sallie Mae said, representing 4% year-over-year growth.

Net interest income rose to $377.1 million, compared with $362.2 million a year earlier. Analysts were expecting $383.4 million. The company said its net interest margin rose to 5.2%, compared to 4.9% a year earlier.

Sallie Mae's provision for credit losses went into the negative, with a negative provision of $18.8 million. The company said the decrease was driven by the release of the provision associated with a $1 billion loan sale.

The company said it expects to report earnings of between $2.70 to $2.80 in 2026. It is projecting net charge-offs for the year of $345 million to $385 million.

The company also said it authorized a new stock buyback program of up to $500 million, effective immediately. Its $650 million share repurchase authorization from 2024 will remain open until it is expended or expires on Feb. 6, the company said.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

January 22, 2026 17:12 ET (22:12 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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It is projec","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2517655291.USD":"WELLINGTON NEXT GENERATION EDUCATION \"A\" (USD) ACC","BK4166":"消费信贷","LU2517655374.HKD":"WELLINGTON NEXT GENERATION EDUCATION \"A\" (HKD) ACC","SLM":"学贷美","LU2517655028.SGD":"WELLINGTON NEXT GENERATION EDUCATION \"A\" (SGDHDG) ACC"},"translate_title":"由于学生贷款发放增加，Sallie Mae第四季度利润翻倍","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SLM":0.9},"content_text":"By Elias Schisgall \n\n\n \n\n\n  SLM more than doubled its profit in the fourth quarter as student loan organizations rose by 4%. \n\n\n  The student loan lender, also known as Sallie Mae, on Thursday reported a profit of $233.2 million, or $1.12 a share, compared with $111.6 million, or 50 cents a share, a year earlier. Analysts surveyed by FactSet were expecting earnings of 88 cents a share. \n\n\n  Originations in the fourth quarter were roughly $1 billion, Sallie Mae said, representing 4% year-over-year growth. \n\n\n  Net interest income rose to $377.1 million, compared with $362.2 million a year earlier. Analysts were expecting $383.4 million. The company said its net interest margin rose to 5.2%, compared to 4.9% a year earlier. \n\n\n  Sallie Mae's provision for credit losses went into the negative, with a negative provision of $18.8 million. The company said the decrease was driven by the release of the provision associated with a $1 billion loan sale. \n\n\n  The company said it expects to report earnings of between $2.70 to $2.80 in 2026. It is projecting net charge-offs for the year of $345 million to $385 million. \n\n\n  The company also said it authorized a new stock buyback program of up to $500 million, effective immediately. 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