Sallie Mae Reports First Quarter 2019 Financial Results

First-Quarter GAAP Net Income Attributable to Common Stock of $154 Million ($0.35 Per Diluted Share)

Private Education Loan Originations of $2.1 Billion

First-Quarter “Core Earnings” Net Income Attributable to Common Stock of $151 Million ($0.34 Per Diluted Share)

Wednesday, April 17, 2019 4:30 pm EDT

Dateline:

NEWARK, Del.

Public Company Information:

NASDAQ:
SLM

NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae (Nasdaq: SLM), formally SLM Corporation, today released first-quarter 2019 financial results. Highlights of those results are included in the attached supplement. Complete financial results are available at www.Salliemae.com/investors.

Sallie Mae will host an earnings conference call tomorrow, April 18, 2019, 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 877-356-5689 (USA and Canada) or 706-679-0623 (international) and use access code 6146726 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 May 2, 2019, by dialing 855-859-2056 (USA and Canada) or 404-537-3406 (international) with access code 6146726.

A live audio webcast of the conference call and presentation slides may be accessed at www.SallieMae.com/investors.

Sallie Mae (Nasdaq: SLM) is the nation’s saving, planning, and paying for college company. Whether college is a long way off or just around the corner, Sallie Mae offers products that promote responsible personal finance, including private education loans, free scholarship search tools, free college financial planning tools, and online retail banking. 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.

Multimedia Files:

Sallie Mae Earnings Release Supplement

Contact:

Media Contact:
Rick Castellano, 302-451-2541, rick.castellano@salliemae.com

Investor Contact:
Brian Cronin, 302-451-0304, brian.cronin@salliemae.com