Sallie Mae Reports Fourth-Quarter and Full-Year 2023 Financial Results
January 24 2024 - 4:30PM
Business Wire
Fourth-Quarter GAAP Net Income Attributable
to Common Stock of $164 Million, $0.72 Per Diluted Share; Full-Year
2023 GAAP Net Income Attributable to Common Stock of $564 Million,
$2.41 Per Diluted Share
Full-Year 2023 Private Education Loan
Originations of $6.4 Billion, Up 7% From Year-Ago Period
Fourth-Quarter 2023 Private Education Loan
Net Charge-offs of 2.43%, Down From 3.15% in Year-Ago
Period
Impacting Earnings Per Share for the
Fourth-Quarter and Full-Year 2023 Was the Non-Cash Charge of $56
Million to Write Down the Nitro Trade Name and Trademarks
Board of Directors Approves New $650 Million
Share Repurchase Program
Sallie Mae (Nasdaq: SLM), formally SLM Corporation, today
released fourth-quarter and full-year 2023 financial results.
Highlights of those results are included in the attached
supplement. Complete financial results are available at
www.SallieMae.com/investors.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240124185249/en/
Sallie Mae will host an earnings conference call today, Jan. 24,
2024, at 5:30 p.m. ET. Executives will be on hand to discuss
various highlights of the quarter and year and to answer questions
related to Sallie Mae’s performance. A live audio webcast of the
conference call and presentation slides may be accessed at
www.SallieMae.com/investors and the hosting website. A replay of
the webcast will be available via the company’s investor website
approximately two hours after the call’s conclusion.
Sallie Mae (Nasdaq: SLM) believes education and life-long
learning, in all forms, help people achieve great things. As the
leader in private student lending, we provide financing and
know-how to support access to college and offer products and
resources to help customers make new goals and experiences, beyond
college, happen. Learn more at SallieMae.com. Commonly known as
Sallie Mae, SLM Corporation and its subsidiaries are not sponsored
by or agencies of the United States of America.
Category: Corporate and Financial
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240124185249/en/
Media Rick Castellano, 302-451-2541,
rick.castellano@SallieMae.com
Investors Melissa Bronaugh, 571-526-2455,
melissa.bronaugh@SallieMae.com
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