Sallie Mae (SLM) Reports In-Line Q3 EPS and FY Guidance

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Go back to Sallie Mae (SLM) Reports In-Line Q3 EPS and FY Guidance

Sallie Mae Reports Third-Quarter 2016 Financial Results

October 19, 2016 4:30 PM EDT

Private Education Loan Originations Increase 7 Percent From Year-Ago Quarter to $1.8 Billion

Private Education Loan Portfolio Grows 27 Percent From Year-Ago Quarter to $13.7 Billion

Net Interest Income Increases 27 Percent From Year-Ago Quarter to $223 Million

Diluted Earnings Per Share Up 33 Percent From Year-Ago Quarter to $0.12

NEWARK, Del.--(BUSINESS WIRE)-- Sallie Mae (NASDAQ: SLM), formally SLM Corporation, today released third-quarter 2016 financial results that include marked growth in originations, portfolio size, net interest income, and diluted earnings per share. In the... More