SLM

EX-99.1

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EX-99.1

Document

Exhibit 99.1

News Release

For Immediate Release

Sallie Mae Reports Second Quarter 2026 Financial Results

NEWARK, Del., July 23, 2026 — Sallie Mae (Nasdaq: SLM), formally SLM Corporation, today released second quarter 2026 financial results. Complete financial results and related materials are available at www.SallieMae.com/investors. The materials will also be available on the Securities and Exchange Commission’s website at www.sec.gov.

Sallie Mae will host an earnings conference call today, July 23, 2026, at 5:30 p.m. ET. Executives will be on hand to discuss various highlights of the quarter 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.

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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.

Contacts:

Media

Media, media@salliemae.com

Investors

Investor Relations, IR@salliemae.com

Sallie Mae Second Quarter 2026 Financial Results

NEWARK, Del., July 23, 2026 — Sallie Mae (Nasdaq:SLM), formally SLM Corporation, today released its second quarter 2026 financial results.

$0.29

GAAP Diluted Earnings

Per Common Share

4.5%

Private Education Loan Originations Growth from Year-Ago Quarter

$113M

Net Charge-Offs

$195M

Non-Interest Expenses

“We delivered a strong second quarter and first half of the year and are encouraged by our momentum as we enter peak season. The product enhancements and investments we’ve made to serve more students and families, combined with the strength of our portfolio and growing customer demand, reinforce our confidence in the outlook for the remainder of 2026 and beyond.”

Jonathan Witter, CEO, Sallie Mae

Second Quarter Results Reflect Stable Earnings Performance and Continued Originations Growth

•GAAP diluted earnings per common share were $0.29, a decrease from $0.32 in the year-ago quarter but consistent with expectations and representing continued demand for Private Education Loans and disciplined decisions across funding, expenses, and capital management.

•Private Education Loan originations increased 4.5% from the year-ago quarter.

•Average loans outstanding, net, totaled $21.1 billion during the quarter.

Earnings Supported by Strategic Balance Sheet Actions

•Sold $420 million of Private Education Loans, including $399 million of principal and $21 million of capitalized interest through our strategic partnerships business.

• The Company issued $500 million of unsecured Senior Notes in May 2026, using the proceeds to complete a cash tender offer and satisfaction and discharge of the $500 million outstanding unsecured Senior Notes due in November 2026.

•Non-interest expenses totaled $195 million, as the Company launched new and enhanced loan products in preparation for peak season expansion due to PLUS reform. Full year non-interest expenses are anticipated to remain consistent with the Company’s expectations and full year guidance.

•Earnings for the quarter were supported by a lower cost of funds, 4.13%, compared to 4.22% in the year-ago quarter.

Capital Deployment Demonstrates Balanced Growth and Earnings Performance

•The Company’s $200 million accelerated share repurchase (“ASR”) concluded in June 2026, including the final delivery of 0.9 million shares in the second quarter, resulting in a total of 9.3 million shares repurchased under the ASR.

•At June 30, 2026, $242 million of capacity remained available under the Company’s 2026 Share Repurchase Program.

•On June 15, 2026, the Company paid a quarterly common stock dividend of $0.13 per share.

Credit Performance within Expectations

•Net charge-offs were $113 million, an increase from the year-ago quarter, which we believe is primarily driven by misaligned third-party debt resolution practices affecting a small, high-ability-to-pay segment of borrowers progressing straight through delinquency to default, and related shifts to our recovery strategies.

•Delinquencies as a percentage of loans in repayment were 3.72% for the second quarter of 2026, compared with 3.51% for the second quarter of 2025.

2026 Guidance*

For the full-year 2026, the Company expects:

$3.10 - $3.20

Diluted Earnings

Per Common Share

12% - 14%

Private Education Loan Originations Year-Over-Year Growth

$365 - $385

million

Net Charge-Offs

$750 - $780

million

Non

EX-99.1

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EX-99.1

Document

Exhibit 99.1

News Release

For Immediate Release

Sallie Mae Reports First Quarter 2026 Financial Results and Raises Full-Year 2026 Diluted Earnings per Common Share Guidance

NEWARK, Del., April 23, 2026 — Sallie Mae (Nasdaq: SLM), formally SLM Corporation, today released first quarter 2026 financial results and raised full-year 2026 diluted earnings per common share guidance. Complete financial results and related materials are available at www.SallieMae.com/investors. The materials will also be available on the Securities and Exchange Commission’s website at www.sec.gov.

Sallie Mae will host an earnings conference call today, April 23, 2026, at 5:30 p.m. ET. Executives will be on hand to discuss various highlights of the quarter 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.

Contacts:

Media

Media, media@salliemae.com

Investors

Investor Relations, IR@salliemae.com

Sallie Mae First Quarter 2026 Financial Results

NEWARK, Del., April 23, 2026 — Sallie Mae (Nasdaq:SLM), formally SLM Corporation, today released its first quarter 2026 financial results and raised full-year 2026 diluted earnings per common share guidance.

$1.54

GAAP Diluted Earnings

Per Common Share

5%

Private Education Loan Originations Growth from Year-Ago Quarter

$89M

Net Charge-Offs

$171M

Non-Interest Expenses

“Our first quarter results underscore the strength and durability of our strategy and franchise. We’re delivering strong performance today while positioning the organization well to capitalize on significant long-term growth opportunities in private education lending now and in the future.”

Jonathan Witter, CEO, Sallie Mae

First Quarter Performance Reflects Continued Earnings and Originations Growth

•GAAP diluted earnings per common share were $1.54, up from $1.40 in the year-ago quarter, due to strong loan sales representing continued demand for Private Education Loans and disciplined decisions across funding, expenses, and capital management.

•Private Education Loan originations increased 5% from the year-ago quarter.

•Average loans outstanding, net, totaled $23.3 billion during the quarter.

Earnings Supported by Strategic Balance Sheet Actions

•Earnings for the quarter were supported by net interest margin of 5.29%, reflecting effective balance sheet management and continued funding discipline, including a lower cost of funds, 4.13%, compared with the year-ago quarter.

•Non-interest expenses totaled $171 million, increasing compared to the year-ago quarter and remaining consistent with the Company’s expectations and full-year guidance.

• First quarter 2026 results also benefited from strategic balance sheet actions, including Private Education Loan sales that generated $146 million gain on sale, supporting earnings while enhancing capital flexibility.

•The Company continued to actively manage our funding profile, including through securitization activity, further reinforcing balance sheet efficiency and supporting ongoing capital deployment priorities.

Capital Deployment Reflects Strong Earnings Performance

•The Company returned capital to stockholders by repurchasing 12.0 million shares of common stock for $259 million(1) during the first quarter of 2026 and paying a quarterly dividend of $0.13 per share.

•The Company entered into a $200 million accelerated share repurchase (“ASR”) in March 2026, including an initial delivery of 8.4 million shares.

•At March 31, 2026, $242 million of capacity remained available under the Company’s 2026 Share Repurchase Program.

Credit Performance Remains Within Expectations

•Net charge-offs of $89 million were consistent with our expectations and full-year guidance.

•Delinquencies as a percentage of loans in repayment were 3.98% for the first quarter of 2026, compared with 3.58% for the first quarter of 2025.

•Loans in a hardship forbearance were 0.99% for the first quarter of 2026, compared with 0.92% for the first quarter of 2025(2).

2026 Guidance*

The Company raised full-year 2026 diluted earnings per common share guidance. For the full-year 2026, the Company expects:

$3.10 - $3.20

Diluted Earnings

Per Common Share

12% - 14%

Private Educat

EX-99.1

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EX-99.1

Document

Exhibit 99.1

News Release

For Immediate Release

Sallie Mae Reports Fourth Quarter and Full-Year 2025 Financial Results

Board of Directors Approves New $500 Million Share Repurchase Program

NEWARK, Del., Jan. 22, 2026 — Sallie Mae (Nasdaq: SLM), formally SLM Corporation, today released fourth quarter and full-year 2025 financial results. Complete financial results and related materials are available at www.SallieMae.com/investors. The materials will also be available on the Securities and Exchange Commission’s website at www.sec.gov.

Sallie Mae will host an earnings conference call today, Jan. 22, 2026, 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 announced today that its Board of Directors authorized a new stock repurchase program of up to $500 million of the Company’s outstanding common stock, par value $0.20 per share, to begin on Jan. 22, 2026 (the “2026 Share Repurchase Program”). The 2026 Share Repurchase Program is expected to be completed over the next approximately 24 months ending Feb. 4, 2028. The Company’s “2024 Share Repurchase Program,” authorized on Jan. 23, 2024, with a repurchase capacity of $650 million, remains open. Repurchases may be made under the 2024 Share Repurchase Program until it expires on Feb. 6, 2026, or is expended (whichever comes first).

Under the announced program, Sallie Mae may repurchase shares of common stock from time to time in various transaction formats including, but not limited to, tender offers, open market purchases, accelerated share repurchases, negotiated or block purchases, and/ or pursuant to trading plans in accordance with Rules 10b5-1 and 10b-18 of the Exchange Act. The actual timing, number, and value of shares repurchased under the program will be determined by management at its discretion and are dependent on a number of factors. Sallie Mae reserves the right to suspend or discontinue share repurchases at any time and for any reason.

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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.

Contacts:

Media

Rick Castellano, 302-451-2541, rick.castellano@SallieMae.com

Investors

Kate deLacy, 571-438-9574, kate.delacy@salliemae.com

NEWARK, Del., Jan. 22, 2026 — Sallie Mae (Nasdaq:SLM), formally SLM Corporation, today released its fourth quarter and full-year 2025 financial results.

Full-Year 2025 Financial Results

$3.46

GAAP Diluted Earnings Per Common Share in 2025

6%

Private Education Loan Originations Growth from 2024

12.8M

Shares repurchased in 2025 for $373M(1)

2.15%

Total Net Charge-Offs as a Percentage of Average Loans in Repayment

$659M

Non-Interest Expenses in 2025

Fourth Quarter 2025 Financial Results

$1.12

GAAP Diluted Earnings Per Common Share in Q4 2025

4%

Private Education Loan Originations Growth compared to Q4 2024

3.8M

Shares repurchased in Q4 2025 for $106M(1)

2.42%

Total Net Charge-Offs as a Percentage of Average Loans in Repayment (annualized)

$157M

Non-Interest Expenses in Q4 2025

“We delivered solid results for 2025, expanding originations, improving our net charge-off rate, returning capital to shareholders, and building further capabilities to serve more students and families through our new private credit strategic partnership. This momentum, coupled with recent reforms to the federal student loan program, should set us up for an exciting 2026 and beyond as families continue to value and invest in higher education.”

Jonathan Witter, CEO, Sallie Mae

Quarterly Private Education Loan Portfolio Trends

▪$22.9B of average loans outstanding, net, an increase of 4% compared to Q4 2024

▪$19M in negative provisions for credit losses in Q4 2025, compared with $108M in provisions in Q4 2024

▪0.99% loans in a hardship forbearance, an increase from 0.92% in Q4 2024(2)

▪4.00% delinquencies as a percentage of loans in repayment, compared with 3.68% in Q4 2024

▪2.42% net charge-offs as a percentage of average loans in repayment (annualized), compared with 2.38% in Q4 2024

Balance Sheet & Capital Allocation

$0.13

Common stock dividend per share paid in Q4 2025

12.4%

Total risk-based capital ratio and CET1 capital ratio of 11.1%

$33M