Sallie Mae Q2 FY26 GAAP EPS drops 9.38% to $0.29; private education loan originations rise 4.5% to $716 million

• SLM posted Q2 2026 GAAP net income attributable to common stock of USD 55 million, down 17.91%, with diluted EPS of USD 0.29.
• Net interest income fell 11.67% to USD 333 million, while provisions for credit losses eased 15.44% to USD 126 million.
• Non-interest expense climbed 16.77% to USD 195 million, largely driven by investments supporting loan product enhancements and a new parent loan launch.
• Private education loan originations rose 4.5% to USD 716 million, while net charge-offs increased 19.42% to USD 112.55 million.
• Guidance calls for 2026 diluted EPS of USD 3.10-3.20, net charge-offs of USD 365-385 million, non-interest expenses of USD 750-780 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SLM Corporation published the original content used to generate this news brief on July 23, 2026, and is solely responsible for the information contained therein.