Sallie Mae (SLM) Tops Q4 EPS by 1c
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Sallie Mae Reports Fourth-Quarter and Full-Year 2016 Financial Results
January 18, 2017 5:00 PM ESTFull-Year Private Education Loan Originations of $4.7 Billion, Up 8 Percent Year-Over-Year
Private Education Loan Portfolio Grows to $14.1 Billion, Up 34 Percent Year-Over-Year
Full-Year Net Interest Income Increases to $891 Million, Up 27 Percent Year-Over-Year
NEWARK, Del.--(BUSINESS WIRE)-- Sallie Mae (Nasdaq: SLM), formally SLM Corporation, today released fourth-quarter 2016 and full-year 2016 financial results. In 2016, the company grew private education loan originations 8 percent to $4.7Â billion, expanded its private education loan portfolio 34 percent to $14.1 billion, and increased net interest income 27Â percent to $891Â million, all compared to 2015.... More
