SLM reported FY 2025 net income of USD 745.00 million, or USD 3.46 diluted EPS, and net income attributable to common stock of USD 729.00 million (USD 3.52 basic EPS). Income before income tax expense was USD 993.00 million, with income tax expense of USD 248.00 million. Net interest income was USD 1.50 billion (+1% vs. FY 2024), with a net interest margin of 5.24% (vs. 5.19% in FY 2024). Provision for credit losses was USD 333.00 million (down 19% vs. FY 2024), while gains on sales of loans, net were USD 369.00 million (+45% vs. FY 2024) and total non-interest income was USD 483.00 million (+31% vs. FY 2024). Total non-interest expenses were USD 659.00 million (+3% vs. FY 2024). SLM originated USD 7.42 billion of Private Education Loans in FY 2025, with 92.8% of originations having a cosigner and an average FICO at approval of 755. The company sold approximately USD 4.95 billion of Private Education Loans in 2025, generating USD 369.00 million of gains, and transferred USD 933.00 million of loans to held for sale in Q4 2025 for a planned strategic partner sale that closed in January 2026. Management highlighted enacted federal student loan program reforms (effective for new borrowers starting July 1, 2026) as a potential tailwind for gradual increases in private student loan demand, while noting ongoing investments in marketing, technology, infrastructure, and operations to support origination expansion and a strategic partnership funding model that includes selling newly originated loans.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SLM Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001032033-26-000011), on February 19, 2026, and is solely responsible for the information contained therein.
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