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SLM Corp (SLM.OQ)

SLM.OQ on NASDAQ Stock Exchange Global Select Market

11.14USD
13 Aug 2018
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Latest Key Developments (Source: Significant Developments)

Valueact Capital Master Fund Reports 6.4 Pct Stake In SLM
Friday, 6 Apr 2018 05:37pm EDT 

April 6 (Reuters) - SLM Corp ::VALUEACT CAPITAL MASTER FUND REPORTS A 6.4 PCT STAKE IN SLM CORP - SEC FILING.VALUEACT CAPITAL MASTER FUND - BELIEVE SLM CORP'S SECURITIES WERE "UNDERVALUED" AND "REPRESENTED AN ATTRACTIVE INVESTMENT OPPORTUNITY".VALUEACT CAPITAL MASTER FUND - HAVE HAD & ANTICIPATE HAVING FURTHER DISCUSSIONS WITH OFFICERS & DIRECTORS OF SLM CORP.VALUEACT CAPITAL MASTER FUND - DISCUSSIONS WITH OFFICERS & DIRECTORS OF SLM CORP IN RELATION WITH ITS INVESTMENT IN SLM CORP.VALUEACT CAPITAL MASTER FUND-DISCUSSION WITH SLM CORP'S BOARD MAY INCLUDE BOARD COMPOSITION,IF VALUEACT CAPITAL EMPLOYEE TO BE ON BOARD, AMONG OTHERS.  Full Article

Sallie Mae reports Q3 core earnings per share $0.17
Wednesday, 18 Oct 2017 04:30pm EDT 

Oct 18 (Reuters) - SLM Corp :Sallie Mae reports third-quarter 2017 financial results.Q3 GAAP earnings per share $0.17.Q3 earnings per share view $0.17 -- Thomson Reuters I/B/E/S.Q3 core earnings per share $0.17.SLM Corp - sees ‍full-year diluted core earnings per share of $0.72​ for 2017.SLM Corp sees ‍full-year private education loan originations of $4.8 billion for 2017​.SLM Corp - qtrly ‍private education loan portfolio grows 24 percent from year-ago quarter to $17.0 billion​.SLM Corp sees ‍full-year non-GAAP operating efficiency ratio of 38 percent - 39 percent​ for 2017.SLM Corp - qtrly ‍net interest income increases 26 percent from year-ago quarter to $282 million​.SLM Corp - qtrly ‍private education loan originations increase 3 percent from year-ago quarter to $1.9 billion​.SLM Corp - qtrly ‍private education loan delinquencies as a percentage of private education loans in repayment were 2.6 percent, up from 2.0 percent​.SLM Corp - qtrly ‍private education loan provision for loan losses was $53 million, up from $41 million​.  Full Article

Sallie Mae reports Q2 GAAP earnings per share $0.15
Wednesday, 19 Jul 2017 04:30pm EDT 

July 19 (Reuters) - SLM Corp :Sallie Mae reports second-quarter 2017 financial results.Q2 GAAP earnings per share $0.15.Q2 earnings per share view $0.16 -- Thomson Reuters I/B/E/S.Q2 core earnings per share $0.16.Qtrly private education loan originations of $431 million, up 2 percent..Qtrly net interest income of $270 million, up 27 percent..Slm corp sees full-year diluted core earnings per share of $0.71 - $0.72.Qtrly private education loan delinquencies as percentage of private education loans in repayment were 2.2 percent, up from 2.1 percent.SLM Corp sees full-year private education loan originations of $4.9 billion.SLM Corp sees full-year non-gaap operating efficiency ratio of 38 percent to 39 percent.Qtrly private education loan provision for loan losses was $49 million, up from $42 million.FY2017 earnings per share view $0.73, revenue view $1.10 billion -- Thomson Reuters I/B/E/S.  Full Article

Sallie Mae Q1 gaap earnings per share $0.20
Wednesday, 19 Apr 2017 04:30pm EDT 

April 19 (Reuters) - SLM Corp ::Sallie Mae reports first-quarter 2017 financial results.Q1 gaap earnings per share $0.20.Q1 earnings per share view $0.15 -- Thomson Reuters I/B/E/S.Q1 core earnings per share $0.21.SLM Corp - expects 2017 full-year diluted core earnings per share: $0.70 - $0.72.SLM corp - expects 2017 full-year private education loan originations of $4.9 billion.Qtrly net interest income of $268 million, up 28 percent.SLM Corp - expects 2017 full-year non-gaap operating efficiency ratio: 38 percent - 39 percent.Qtrly private education loan originations of $1.8 billion, up 2 percent.SLM Corp qtrly private education loan provision for loan losses was $27 million, down from $34 million..Fy2017 earnings per share view $0.69 -- Thomson Reuters I/B/E/S.SLM Corp qtrly private education loan delinquencies as a percentage of private education loans in repayment were 1.9 percent, down from 2.1 percent.  Full Article

SLM Corporation announces public offering of senior notes
Friday, 31 Mar 2017 10:48am EDT 

Slm Corp : SLM Corporation announces public offering of senior notes .Intends to use net proceeds to redeem its outstanding 6.97 percent series A preferred stock.  Full Article

Sallie Mae Bank received confirmation from Federal Deposit Insurance Corporation
Tuesday, 28 Mar 2017 08:32am EDT 

Slm Corp : On March 27, 2017, Sallie Mae Bank received confirmation From Federal Deposit Insurance Corporation (FDIC) - SEC filing . Confirmation received that effective March 23, FDIC terminated consent order and order for restitution issued on May 13, 2014 against bank .Termination from FDIC was issued with no conditions - SEC filing.  Full Article

Sallie Mae reports Q4 earnings per share $0.15
Wednesday, 18 Jan 2017 05:00pm EST 

Slm Corp - : Sallie Mae reports fourth-quarter and full-year 2016 financial results . Q4 gaap earnings per share $0.15 . Q4 core earnings per share $0.15 . Q4 earnings per share view $0.14 -- Thomson Reuters I/B/E/S . Qtrly private education loan originations of $608 million, up 6 percent. . Quarterly net interest income of $245 million, up 31 percent. . Quarterly private education loan delinquencies as a percentage of private education loans in repayment were 2.1 percent, down from 2.2 percent . Sees FY 2017 core earnings per share $0.67 to $0.69 . Sees full-year 2017 private education loan originations of $4.9 billion . Sees full-year 2017 non-gaap operating efficiency ratio: 38 percent - 39 percent . FY2017 earnings per share view $0.68 -- Thomson Reuters I/B/E/S .Quarterly private education loan provision for loan losses was $43 million, up from $29 million.  Full Article

Sallie Mae says company and current units not named in Navient lawsuit
Wednesday, 18 Jan 2017 05:00pm EST 

Slm Corp - : Sallie Mae issues statement .Neither co, Sallie Mae bank, nor any of their current units are named in lawsuit related to CFP bureau's complaint against Navient Corp.  Full Article

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ValueAct takes $1.2 billion stake in Citigroup: letter

Activist investing firm ValueAct Capital Partners invested $1.2 billion in Citigroup Inc, citing the U.S. bank's low risk and reliable revenue and not calling for major changes, according to a letter seen by Reuters on Monday.