SLM (SLM) Tops Q3 EPS by 39c

SLM (NASDAQ: SLM) reported Q3 EPS of $0.47, $0.39 better than the analyst estimate of $0.08.

• Third-Quarter GAAP Net Income Attributable to Common Stock of $169 Million, or $0.45 Per Diluted Share
• Third-Quarter “Core Earnings” Attributable to Common Stock of $179 Million, or $0.47 Per Diluted Share
• Initiated Restructuring Program Focused on Improving Operational Efficiencies; Recorded a $24 Million Restructuring Charge; Significant Efficiencies Expected to be Realized in 2021 and Beyond
• $1.9 Billion in Private Education Loans Originated During Quarter
• Sold the Personal Loan Portfolio as a Part of Continued Focus on the Core Business and Rigorous Capital Allocation

For earnings history and earnings-related data on SLM (SLM) click here.

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