SLM (SLM) Misses Q2 EPS by 33c

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Sallie Mae Reports Second-Quarter 2020 Financial Results

July 22, 2020 4:30 PM EDT

Second-Quarter GAAP Loss Per Share of $0.23; Driven by $243 Million Increase to the Provision for Credit Losses for Estimated Future Economic Impacts of COVID-19

Private Education Loan Portfolio Totals $19.8 Billion at June 30, 2020

$497 Million in Private Education Loans Originated During Quarter

NEWARK, Del.--(BUSINESS WIRE)-- Sallie Mae (Nasdaq: SLM), formally SLM Corporation, today released second-quarter 2020 financial results.... More