NASDAQ$SLM
SLM Corp · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Reported strong second-quarter results driven by a gain on sale of private education loans and positive trends in college enrollment and originations.
Sallie Mae reported a strong second quarter with GAAP net income of $340 million, up 144% year-over-year. The results were driven by a $240 million gain on the sale of $2.1 billion in private education loans. The company is raising its originations expectations and updating EPS and charge-off guidance.
- GAAP net income of $342 million, up 144%, driven by a $240 million gain on sale of $2.1 billion private education loans.
- Net interest income of $363 million, up 7%.
- Private education loan originations of $616 million, up 16%.
- Repurchased 20 million shares of common stock for $360 million.
Headline financials
Revenue & EPS history
SLM · Revenue · Quarterly
$621M
Forward guidance
For 2022, Sallie Mae expects diluted non-GAAP “Core Earnings” per common share of $2.50 - $2.70, Private Education Loan originations year-over-year growth of 9% - 11%, total loan portfolio net charge-offs of $325 million - $345 million, and non-interest expenses of $555 million - $565 million.
Tailwinds
- Full-year diluted non-GAAP “Core Earnings” per common share of $2.50 - $2.70.
- Full-year Private Education Loan originations year-over-year growth of 9% - 11%.
- Full-year total loan portfolio net charge-offs of $325 million - $345 million.
- Full-year non-interest expenses of $555 million - $565 million.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2022
+0.0%
Avg return
Earnings day
+0.7%
Avg return
5 days after
+2.9%
Avg return
30 days after
46%
33 / 72 earnings
Positive
+33.2%
Q4 2019
Best reaction
-16.6%
Q2 2011
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.8% | -1.8% | -5.5% | |
| Q4 2025 | +3.3% | -1.2% | -15.4% | |
| Q3 2025 | +3.6% | +0.9% | +4.3% | |
| Q2 2025 | -8.1% | -7.1% | -14.7% | |
| Q1 2025 | -1.4% | +2.7% | +19.3% | |
| Q3 2024 | -3.6% | -3.0% | +17.8% | |
| Q2 2024 | -2.1% | -4.0% | -7.9% | |
| Q1 2024 | +0.0% | -1.4% | -4.3% | |
| Q4 2023 | +3.5% | +5.1% | +2.5% | |
| Q3 2023 | +1.2% | +1.2% | +10.6% | |
| Q2 2023 | -4.5% | -1.8% | -13.2% | |
| Q1 2023 | +6.0% | +3.5% | +11.1% | |
| Q4 2022 | -15.8% | -12.5% | -18.9% | |
| Q3 2022 | -1.8% | +1.2% | +4.2% | |
| Q2 2022 | -5.1% | -3.1% | -9.2% | |
| Q1 2022 | +1.4% | +1.6% | +17.0% | |
| Q4 2021 | +2.0% | +6.8% | +16.4% | |
| Q3 2021 | +4.4% | +6.5% | +4.7% | |
| Q2 2021 | -4.2% | -6.3% | -8.3% | |
| Q1 2021 | -0.6% | +1.5% | +4.5% | |
| Q4 2020 | +6.7% | +5.5% | +20.9% | |
| Q3 2020 | -0.8% | +0.2% | +14.0% | |
| Q2 2020 | -1.8% | -2.0% | +1.4% | |
| Q1 2020 | +6.2% | +10.4% | +8.1% | |
| Q4 2019 | +33.2% | +27.0% | +36.5% | |
| Q3 2019 | -7.6% | -5.4% | -3.4% | |
| Q2 2019 | -4.3% | -4.1% | -14.4% | |
| Q1 2019 | -3.1% | -3.8% | -1.5% | |
| Q4 2018 | +14.4% | +15.8% | +21.1% | |
| Q3 2018 | -2.6% | -6.0% | -4.4% | |
| Q2 2018 | -5.0% | -2.5% | -2.5% | |
| Q1 2018 | +2.3% | +0.6% | +0.0% | |
| Q4 2017 | -2.1% | -3.9% | -1.7% | |
| Q3 2017 | +1.7% | -2.9% | -8.2% | |
| Q2 2017 | -4.3% | -3.4% | -9.9% | |
| Q1 2017 | +10.5% | +11.0% | -4.9% | |
| Q4 2016 | +3.6% | +3.6% | +11.6% | |
| Q3 2016 | -1.8% | -0.8% | +30.8% | |
| Q2 2016 | -1.4% | -0.6% | +3.4% | |
| Q1 2016 | +2.2% | — | — | |
| Q4 2015 | +11.9% | — | — | |
| Q3 2015 | -1.4% | — | — | |
| Q2 2015 | -5.6% | — | — | |
| Q1 2015 | +4.1% | — | — | |
| Q4 2014 | -6.0% | — | — | |
| Q3 2014 | +1.9% | — | — | |
| Q2 2014 | +3.3% | — | — | |
| Q1 2014 | +4.3% | — | — | |
| Q4 2013 | -10.1% | — | — | |
| Q3 2013 | +2.1% | — | — | |
| Q2 2013 | +4.4% | — | — | |
| Q1 2013 | -5.1% | — | — | |
| Q4 2012 | -3.1% | — | — | |
| Q3 2012 | -1.1% | — | — | |
| Q4 2011 | +1.8% | — | — | |
| Q2 2012 | -6.1% | — | — | |
| Q1 2012 | +0.2% | — | — | |
| Q3 2011 | +0.6% | — | — | |
| Q2 2011 | -16.6% | — | — | |
| Q1 2011 | -2.2% | — | — | |
| Q4 2009 | -4.1% | — | — | |
| Q4 2010 | -4.1% | — | — | |
| Q4 2008 | -4.1% | — | — | |
| Q3 2010 | -2.6% | — | — | |
| Q2 2010 | +3.6% | — | — | |
| Q1 2009 | -5.5% | — | — | |
| Q1 2010 | -0.2% | — | — | |
| Q4 2007 | -1.3% | — | — | |
| Q3 2009 | +3.7% | — | — | |
| Q3 2008 | +3.7% | — | — | |
| Q2 2008 | +4.8% | — | — | |
| Q2 2009 | +4.8% | — | — |
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