Brief: Sallie Mae Reports First-Quarter 2023 Financial Results

SLM

26/04/2023 22:39

April 26 (Reuters) - 
  
    * SALLIE MAE REPORTS FIRST-QUARTER 2023 FINANCIAL RESULTS
    * SALLIE MAE - QTRLY EPS $0.47
    * SALLIE MAE - EXPECTS TO CLOSE $2 BILLION LOAN SALE IN
EARLY MAY
    * SALLIE MAE - QTRLY  NET INTEREST INCOME OF $405 MILLION,
UP 8%.
    * SALLIE MAE - PROVISION FOR CREDIT LOSSES IN THE FIRST
QUARTER OF
2023 WAS $114 MILLION
    * SALLIE MAE - SEES  FULL-YEAR DILUTED NON-GAAP “CORE
EARNINGS”
PER COMMON SHARE OF $2.50 - $2.70.
    * Q1 EARNINGS PER SHARE VIEW $0.35 -- REFINITIV IBES DATA
    * FY2023 EARNINGS PER SHARE VIEW $2.56 -- REFINITIV IBES
DATA
    * SALLIE MAE - SEES 2023 FULL-YEAR NON-INTEREST EXPENSES OF
$610
MILLION - $620 MILLION

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 ((Reuters.Briefs@thomsonreuters.com;))