Brief: Sallie Mae Reports Third-Quarter 2022 Financial Results

SLM

26/10/2022 23:27

Oct 26 (Reuters) - Sallie Mae  SLM.O :
    * SALLIE MAE REPORTS THIRD-QUARTER 2022 FINANCIAL RESULTS
    * Q3 GAAP EARNINGS PER SHARE $0.29
    * SALLIE MAE - QTRLY PRIVATE EDUCATION LOAN ORIGINATIONS
INCREASE
13 PERCENT FROM YEAR-AGO QUARTER TO $2.4 BILLION
    * SALLIE MAE - QTRLY NET INTEREST INCOME OF $370 MILLION, UP
3%
    * SALLIE MAE - QTRLY PRIVATE EDUCATION LOAN PROVISIONS FOR
CREDIT
LOSSES, INCLUDING AMOUNTS FOR UNFUNDED COMMITMENTS, WAS $208
MILLION VERSUS $138 MILLION
    * SALLIE MAE - SEES FULL-YEAR 2022 DILUTED NON-GAAP “CORE
EARNINGS” PER COMMON SHARE OF $2.50 - $2.60
    * SALLIE MAE - SEES FULL-YEAR 2022 PRIVATE EDUCATION LOAN
ORIGINATIONS YEAR-OVER-YEAR GROWTH OF 9% - 11%
    * SALLIE MAE - SEES FULL-YEAR 2022 TOTAL LOAN PORTFOLIO NET
CHARGE-OFFS OF $325 MILLION - $345 MILLION
    * SALLIE MAE - SEES FULL-YEAR 2022 NON-INTEREST EXPENSES OF
$555
MILLION - $565 MILLION
    * SALLIE MAE - QTRLY CORE EARNINGS PER SHARE $0.29
    * Q3 EARNINGS PER SHARE VIEW $0.48 -- REFINITIV IBES DATA
    * FY2022 EARNINGS PER SHARE VIEW $2.65 -- REFINITIV IBES
DATA

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