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Sallie Mae (SLM) Reports Q2 Earnings: What Key Metrics Have to Say

Jul 24, 2024, 8:11 PM EDT1 sourcesAI-analyzed

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What happened, with direct paths to the underlying reporting

Sallie Mae reported $372.17 million in revenue, down 3.7% year-over-year. EPS of $1.11 surpassed expectations by 40.51% against a consensus of $0.79. Net Interest Margin matched estimates at 5.4%, indicating stable performance. Total Non-Interest Income was $141.81 million, significantly above estimates. Shares rose 13.8% in the past month, outperforming the S&P 500.

  • Sallie Mae reported $372.17 million in revenue, down 3.7% year-over-year.
  • EPS of $1.11 surpassed expectations by 40.51% against a consensus of $0.79.
  • Net Interest Margin matched estimates at 5.4%, indicating stable performance.
  • Total Non-Interest Income was $141.81 million, significantly above estimates.
  • Shares rose 13.8% in the past month, outperforming the S&P 500.

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