Slm Corporation ( (SLM) ) has released its Q4 earnings. Here is a breakdown of the information Slm Corporation presented to its investors.
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Sallie Mae, officially known as SLM Corporation, is a leader in private student lending, providing financing, products, and resources to support access to college and beyond. The company operates primarily in the financial services sector, focusing on education loans. Sallie Mae recently released its financial results for the fourth quarter and full year of 2024, showcasing a robust performance in private education loan originations and strategic capital management. Key financial highlights include a 10% growth in private education loan originations year-over-year and a repurchase of 11.6 million shares for $250 million in 2024. The company’s net interest margin for the fourth quarter was 4.92%, with a total asset growth of 3.1% compared to 2023. Despite a 45 basis point decrease in net interest margin from the previous year, Sallie Mae’s management remains optimistic, citing strong momentum going into 2025 with expectations of continued loan origination growth and effective capital allocation strategies.
