Brief: Sallie Mae Reports Second-Quarter 2021 Financial Results

SLM

21/07/2021 21:35

July 21 (Reuters) - SLM Corp  SLM.O :
    * SALLIE MAE REPORTS SECOND-QUARTER 2021 FINANCIAL RESULTS
    * Q2 GAAP EARNINGS PER SHARE $0.44
    * Q2 EARNINGS PER SHARE ESTIMATE $0.37 -- REFINITIV IBES
DATA
    * SALLIE MAE - $533 MILLION IN PRIVATE EDUCATION LOANS
ORIGINATED
DURING QUARTER
    * SALLIE MAE QTRLY NET INTEREST INCOME OF $339 MILLION, DOWN
3%
    * SALLIE MAE QTRLY PRIVATE EDUCATION LOAN PROVISIONS FOR
CREDIT
LOSSES WAS $69 MILLION, DOWN FROM $327 MILLION
    * SALLIE MAE - IN THE SECOND QUARTER OF 2021, COMPANY
REPURCHASED
23 MILLION SHARES OF ITS COMMON STOCK AT A TOTAL COST OF $439
MILLION
    * SALLIE MAE QTRLY CORE EARNINGS PER SHARE $0.45
    * SALLIE MAE SEES FULL-YEAR DILUTED GAAP EARNINGS PER COMMON
SHARE
OF $3.15 - $3.25
    * SALLIE MAE SEES 2021 FULL-YEAR NON-INTEREST EXPENSES OF
$525
MILLION - $535 MILLION
    * SALLIE MAE SEES FULL-YEAR PRIVATE EDUCATION LOAN
ORIGINATIONS
YEAR-OVER-YEAR GROWTH OF 6% - 7%
    * SALLIE MAE SEES 2021 FULL-YEAR TOTAL LOAN PORTFOLIO NET
CHARGE-OFFS OF $215 MILLION - $225 MILLION
    * FY2021 EARNINGS PER SHARE VIEW $3.10 -- REFINITIV IBES
DATA

Source text for Eikon:  ID:nBw5mXPjya 
Further company coverage:  SLM.O 

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