filecrux
Oct 22, 8:51 PM
$SLM Sallie Mae swings to Q3 loss, cuts 2026 EPS guide to
$1.95–
$2.05 from
$3.10–
$3.20.
🏢 Sallie Mae (SLM Corp) calls itself the leader in private student lending
✂️ Midpoint is ~37% lower; net charge-off guide rises to
$400–420M from
$365–385M
⚠️ At
$21.8 (16:42 ET, Oct 22, 2026) SLM is worth ~
$4.10B, ~10.9x the new guide midpoint
🔥 Q3 diluted loss of
$0.19 a share vs.
$0.63 profit a year ago
🏆 Other side: record
$3.4B Q3 originations, up 15%, which the company says mainly drove the loss
📅 Next: Earnings call Oct. 22, 2026, 5:30 p.m. ET
Source: SEC 8-K + 10-Q, Oct 22
0 replies