Sallie Mae (SLM) Tops Q1 EPS by 3c

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Go back to Sallie Mae (SLM) Tops Q1 EPS by 3c

Sallie Mae Reports First-Quarter 2016 Financial Results

April 20, 2016 4:44 PM EDT

Private Education Loan Originations Increase 8 Percent From Year-Ago Quarter to $1.8 Billion

Private Education Loan Portfolio Grows 24 Percent From Year-Ago Quarter to $12 Billion

Net Interest Income Increases 23 Percent From Year-Ago Quarter to $210 Million

NEWARK, Del.--(BUSINESS WIRE)-- Sallie Mae (NASDAQ: SLM), formally SLM Corporation, today released first-quarter 2016 financial results. In the first-quarter 2016, the company grew diluted earnings per share 40 percent to $0.14, increased private education loan originations 8 percent to $1.8 billion, expanded its private education loan portfolio 24 percent to $12 billion, and... More