Sallie Mae Reports Second-Quarter 2021 Financial Results
22 July 2021 - 6:30AM
Business Wire
Second-Quarter GAAP Net Income Attributable
to Common Stock of $139 Million, or $0.44 Per Diluted Share;
Second-Quarter “Core Earnings” Attributable to Common Stock of $144
Million, or $0.45 Per Diluted Share
$533 Million in Private Education Loans
Originated During Quarter
Repurchased 23 Million Shares of Common
Stock in the Second Quarter of 2021; 19% Reduction in Total Common
Stock Outstanding since January 1, 2021
Sallie Mae (Nasdaq: SLM), formally SLM Corporation, today
released second-quarter 2021 financial results. Highlights of those
results are included in the attached supplement. Complete financial
results are available at www.SallieMae.com/investors.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20210721005879/en/
Sallie Mae will host an earnings conference call tomorrow, July
22, 2021, at 8 a.m. ET. Executives will be on hand to discuss
various highlights of the quarter and to answer questions related
to Sallie Mae’s performance. To participate, dial 877-311-0518 (USA
and Canada) or 470-495-9498 (international) and use access code
4445949 starting at 7:45 a.m. ET. A replay of the conference call
will be available approximately two hours after the call’s
conclusion and will remain available through July 29, 2021, by
dialing 855-859-2056 (USA and Canada) or 404-537-3406
(international) with access code 4445949.
A live audio webcast of the conference call and presentation
slides may be accessed at www.SallieMae.com/investors.
Sallie Mae (Nasdaq: SLM) believes education and life-long
learning, in all forms, help people achieve great things. As the
leader in private student lending, we provide financing and
know-how to support access to college and offer products and
resources to help customers make new goals and experiences, beyond
college, happen. Learn more at SallieMae.com. Commonly known as
Sallie Mae, SLM Corporation and its subsidiaries are not sponsored
by or agencies of the United States of America.
Category: Corporate and Financial
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210721005879/en/
Media Rick Castellano, 302-451-2541,
rick.castellano@salliemae.com
Investors Brian Cronin, 302-451-0304,
brian.cronin@salliemae.com
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