SLM Corp (SLM) Form 10-Q — Oct 22, 2026
SLM Corp posted a Q3 2026 net loss attributable to common stock of $36 million, or -$0.19 per diluted share, versus net income of $132 million ($0.63) in the year-ago quarter. The loss was driven by a 97% collapse in loan-sale gains (just $4 million vs $136 million a year ago), a $214 million credit provision, rising net charge-offs ($90 million vs $78 million), and 22% higher operating expenses as net interest margin compressed to 4.85% from 5.18%.
Key figures
- Revenue
- 0
- Total Assets
- 29840996000
- Cash Position
- 2165175000
- Shares Outstanding
- 182821173
- Deposits
- 20760905000
- Q3 buybacks
- 5.1 million shares for $132 million
- Provision q3
- 213675000
- Net charge offs q3
- 90386000
- Q3 2025 net income
- 135850000
- Efficiency ratio q3
- 58.8%
- Q3 2025 diluted eps
- 0.63
- Gains on loan sales q3
- 3650000
- Net interest income q3
- 339322000
- Net interest margin q3
- 4.85%
- Nine month diluted eps
- 1.68
- Allowance coverage of nco
- 4.01
- Q3 2026 loan originations
- 3383063000
- Buyback capacity remaining
- 111000000
- Q3 originations yoy growth
- +15.2%
- Net interest margin q3 2025
- 5.18%
- Warehouse facility capacity
- 1500000000
- Senior notes issued may 2026
- $500 million at 6.495%, due May 15, 2032
- Delinquencies pct loans in repayment
- 4.2%
- Nine month net income attributable common
- 323439000
- Warehouse facility borrowings outstanding
- 900000000
AI analysis
Red flags5 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.