Sallie Mae Reports Third-Quarter 2021 Financial Results
October 20 2021 - 3:31PM
Business Wire
Third-Quarter GAAP Net Income Attributable
to Common Stock of $72 Million, or $0.24 Per Diluted Share;
Third-Quarter “Core Earnings” Attributable to Common Stock of $74
Million, or $0.24 Per Diluted Share
Private Education Loan Originations of $2.1
Billion in Third Quarter of 2021, an Increase of 10 Percent from
Year-Ago Quarter; Private Education Loan Originations of $4.7
Billion in First Nine Months of 2021, a Decrease of 0.2 Percent
from Year-Ago Period
Board of Directors Approves $250 Million
Increase to the 2021 Share Repurchase Program and Declares Common
Stock Dividend for Fourth Quarter 2021 of $0.11 Per Share, Up from
$0.03 Per Share for Third Quarter 2021
Sallie Mae (Nasdaq: SLM), formally SLM Corporation, today
released third-quarter 2021 financial results. Highlights of those
results are included in the attached supplement. Complete financial
results are available at www.SallieMae.com/investors.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20211020006075/en/
Sallie Mae will host an earnings conference call tomorrow, Oct.
21, 2021, 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. A live audio webcast of the conference
call and presentation slides may be accessed at
www.SallieMae.com/investors and the hosting website at:
https://edge.media-server.com/mmc/p/9rbmfigq.
Participants may also register for the earnings conference call
at: https://www.directeventreg.com/der/validateConferenceId.action.
Once registration is completed, participants will be provided a
dial-in number with a personalized conference code to access the
call. Please dial in 15 minutes prior to the start time.
A replay of the webcast will be available via the company’s
investor website approximately two hours after the call’s
conclusion.
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.
Category: Corporate and Financial
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211020006075/en/
Media Rick Castellano, 302-451-2541,
rick.castellano@salliemae.com Investors Brian Cronin,
302-451-0304, brian.cronin@salliemae.com
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