For Q2 FY2026 (ended June 30, 2026), SLM Corp reported net income of $58.5 million, down 17.9% year-over-year. Diluted EPS was $0.29, a decrease of 9.4% from the prior year. Cash and cash equivalents stood at $4.59 billion, total equity was $2.47 billion, and long-term debt was $5.84 billion.
•Net income fell 17.9% YoY to $58.5 million.
•Diluted EPS decreased 9.4% to $0.29.
•Cash and equivalents totaled $4.59 billion.
•Long-term debt was $5.84 billion, with equity at $2.47 billion.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
SLM Corporation, through its subsidiaries, originates and services private education loans to students and their families to finance the cost of their education in the United States.
It provides retail deposit accounts, including high-yield savings accounts, money market accounts, and certificates of deposit; and interest-bearing omnibus accounts. Founded in 1972 and headquartered in Newark, Delaware, SLM was formerly known as New BLC Corporation before rebranding in December 2013.
SLM Corporation, commonly known as Sallie Mae, originates and services private education loans to students and their families to finance the cost of their education in the United States. Through its subsidiaries, the company provides loans for undergraduate and graduate studies, as well as parent loans. In addition to lending, SLM offers retail deposit accounts, including high-yield savings accounts, money market accounts, and certificates of deposit. It also provides interest-bearing omnibus accounts. The company's primary focus is on helping families bridge the gap between the cost of higher education and other financial aid, making it a key player in the private student loan market.
Where is SLM Corporation (SLMBP) listed and in which currency?
SLM Corporation's stock is listed on the Nasdaq Global Select Market (NasdaqGS) under the ticker symbol SLMBP. The company's financials and stock trades are denominated in US Dollars (USD). As a US-based company, its reporting currency is the US Dollar, and investors can trade its shares on the Nasdaq exchange during regular market hours. The listing on NasdaqGS provides liquidity and visibility to institutional and retail investors interested in the financial services and credit services sectors.
What sector and industry does SLM Corporation (SLMBP) operate in?
SLM Corporation operates in the Financial Services sector and specifically within the Credit Services industry. This means the company is primarily engaged in providing credit-related products, such as private education loans, to consumers. As a credit services firm, SLM assesses borrower creditworthiness, originates loans, and services them over their lifecycle. The company's focus on private student lending distinguishes it from other financial institutions that may offer a broader range of consumer credit products. Its industry classification reflects its core business of extending credit to individuals for educational purposes.
Where is SLM Corporation (SLMBP) headquartered and what markets does it serve?
SLM Corporation is headquartered in Newark, Delaware, United States. The company serves the US market exclusively, providing private education loans to students and their families across the country. Founded in 1972, SLM has a long history of supporting higher education financing in the United States. Its operations are focused on domestic borrowers, and it does not have international lending operations. The company's deposit products, such as high-yield savings accounts, are also offered to US residents. By concentrating on the US education market, SLM has developed deep expertise in the regulatory and financial landscape of American higher education.
How does SLM Corporation (SLMBP) make money?
SLM Corporation generates revenue primarily through the origination and servicing of private education loans. It earns interest income on the loans it originates, as well as fees associated with loan origination and servicing. Additionally, the company offers retail deposit accounts, such as high-yield savings accounts, money market accounts, and certificates of deposit, which provide a source of low-cost funding for its lending activities. By attracting deposits, SLM can fund its loan portfolio more efficiently. The company also earns interest on omnibus accounts. Its business model relies on the spread between the interest earned on loans and the interest paid on deposits, along with fee income, to generate profits.