Sallie Mae Reports Third-Quarter 2019 Financial Results

Third-Quarter GAAP Net Income Attributable to Common Stock of $124 Million, or $0.29 Per Diluted Share

Private Education Loan Originations Increase 6 Percent From the Year-Ago Quarter to $2.2 Billion, Total $4.9 Billion Year-to-Date, a 7 Percent Increase

Private Education Loan Portfolio Totals $22.9 Billion, Up 14 Percent From the Year-Ago Quarter

Wednesday, October 23, 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 third-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, Oct. 24, 2019, at 8 a.m. EDT. 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 2888244 starting at 7:45 a.m. EDT. A replay of the conference call will be available approximately two hours after the call’s conclusion and will remain available through Nov. 7, 2019, by dialing 855-859-2056 (USA and Canada) or 404-537-3406 (international) with access code 2888244.

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.

Multimedia Files:

Sallie Mae Earnings Release Supplement

Contact:

Media
Rick Castellano, 302-451-2541, rick.castellano@SallieMae.com

Investors
Brian Cronin, 302-451-0304, brian.cronin@SallieMae.com

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