Sallie Mae (SLM) Tops Q2 EPS by 1c

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Go back to Sallie Mae (SLM) Tops Q2 EPS by 1c

Sallie Mae Reports Second-Quarter 2016 Financial Results

July 20, 2016 4:30 PM EDT

Private Education Loan Portfolio Grows 32 Percent From Year-Ago Quarter to $12.2 Billion

Net Interest Income Increases 26 Percent From Year-Ago Quarter to $213 Million

Company Earns $.12 Per Diluted Share, Originates $423 Million of Private Education Loans in Quarter

NEWARK, Del.--(BUSINESS WIRE)-- Sallie Mae (NASDAQ: SLM), formally SLM Corporation, today released second-quarter 2016 financial results that include marked growth in portfolio size and net interest income. In the second-quarter 2016, the companys private education loan portfolio grew 32 percent to $12.2 billion and net interest... More