The significant raise in full-year EPS guidance is the primary catalyst; traders should monitor the company's loan sale activity and net charge-off trends in future quarters to confirm the sustainability of this improved outlook.
Price Chart
Executive Summary
SLM Corp (Sallie Mae) reported strong Q1 2026 earnings with GAAP diluted EPS of $1.54, a 10% beat versus the prior year's $1.40, driven by robust loan sales and disciplined capital management. The company raised its full-year 2026 EPS guidance to $3.10-$3.20, up from the previous $2.70-$2.80, signaling strong confidence in its performance.
Key Financial Metrics
Key Facts
- Q1 2026 GAAP diluted EPS was $1.54, up from $1.40 in Q1 2025.
- The company raised its full-year 2026 EPS guidance to $3.10-$3.20, a significant increase from the prior $2.70-$2.80 range.
- Net interest margin improved to 5.29%, and the company generated a $146 million gain on loan sales.
- The company repurchased $259 million of its stock in Q1 and has $242 million remaining under its new $500 million share repurchase program.
Financial Impact
EPS guidance raised by 14.8% at the midpoint, from $2.75 to $3.15, indicating a substantial improvement in projected profitability.
Risk Factors
- An increase in delinquency rates from 3.58% to 3.98% year-over-year could pressure future margins.
- The company's reliance on loan sales for earnings could be volatile if market conditions change.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001032033-26-000024 |
| Document: slm-20260423.htm | 0001032033-26-000024 |
| Document: 0001032033-26-000024-index-headers.html | 0001032033-26-000024 |
| Document: 0001032033-26-000024-index.html | 0001032033-26-000024 |
| Document: 0001032033-26-000024.txt | 0001032033-26-000024 |
| 8-K Data (Synthetic) | 0001032033-26-000024 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
May 15, 2026 23w ago | 8-K | $74.97 $74.85 | ▼ −0.16% | ▼ −4.68% | $71.50 (−4.63%) |
May 7, 2026 24w ago | 424B5 | $74.90 $74.80 | ▼ −0.13% | ▼ −4.97% | $71.50 (−4.54%) |
May 6, 2026 24w ago | 8-K | $74.53 $75.08 | ▲ +0.74% | ▼ −1.32% | $71.50 (−4.07%) |
Apr 27, 2026 26w ago | 8-K | $74.48 $74.10 | ▼ −0.51% | ▼ −4.50% | $71.50 (−4.00%) |
Apr 27, 2026 26w ago | DEFA14A | $74.48 $74.10 | ▼ −0.51% | ▼ −4.50% | $71.50 (−4.00%) |
Apr 23, 2026 26w ago | 8-K | $73.97 $74.25 | ▲ +0.38% | ▼ −4.70% | $71.50 (−3.34%) |
US Market Status
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