SLM (SLM) Tops Q3 EPS by 39c

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Sallie Mae Reports Third-Quarter 2020 Financial Results

October 21, 2020 4:30 PM EDT

Third-Quarter GAAP Net Income Attributable to Common Stock of $169 Million, or $0.45 Per Diluted Share; Third-Quarter Core Earnings Attributable to Common Stock of $179 Million, or $0.47 Per Diluted Share

Initiated Restructuring Program Focused on Improving Operational Efficiencies; Recorded a $24 Million Restructuring Charge; Significant Efficiencies Expected to be Realized in 2021 and Beyond

$1.9 Billion in Private Education Loans Originated During Quarter

Sold the Personal Loan Portfolio as a Part of Continued Focus on the Core... More