Sallie Mae (SLM) Tops Q1 EPS by 2c; Guides FY15 EPS Above Expectations

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Go back to Sallie Mae (SLM) Tops Q1 EPS by 2c; Guides FY15 EPS Above Expectations

Sallie Mae Reports First-Quarter 2015 Financial Results

April 22, 2015 4:44 PM EDT

Private Education Loan Originations Increase 9 Percent to $1.7 Billion

Private Education Loan Portfolio Performance Improves Significantly

Net Interest Income Up 23 Percent from Year-Ago Quarter

NEWARK, Del.--(BUSINESS WIRE)-- Sallie Mae (NASDAQ: SLM), formally SLM Corporation, today released first-quarter 2015 financial results that reflected increased private education loan originations, positive private education loan portfolio performance and greater net interest income. The company originated $1.7 billion in private education loans for the quarter, up 9 percent from the year-ago quarter. At March 31, 2015, the... More