Corrected: BRIEF-Sallie Mae Reports Q3 GAAP EPS Of $0.24 (Oct. 20)

SLM

21/10/2021 12:47

(Corrects to EPS estimate at the time of reporting results in
the third bullet)
    Oct 21 (Reuters) - SLM Corp  SLM.O :
    * SALLIE MAE REPORTS THIRD-QUARTER 2021 FINANCIAL RESULTS
    * Q3 GAAP EARNINGS PER SHARE $0.24
    * SALLIE MAE - THIRD-QUARTER "CORE EARNINGS" ATTRIBUTABLE TO
COMMON STOCK $0.24 PER SHARE
    * Q3 EARNINGS PER SHARE ESTIMATE $0.195 -- REFINITIV IBES
DATA
    * SALLIE MAE - BOARD APPROVES $250 MILLION INCREASE TO 2021
SHARE
REPURCHASE PROGRAM
    * SALLIE MAE - DECLARES COMMON STOCK DIVIDEND FOR Q4 2021 OF
$0.11
PER SHARE, UP FROM $0.03 PER SHARE FOR Q3 2021
    * SALLIE MAE - PRIVATE EDUCATION LOAN ORIGINATIONS OF $2.1
BILLION
IN Q3 OF 2021, AN INCREASE OF 10 PERCENT
    * SALLIE MAE - QUARTERLY NET INTEREST INCOME OF $358
MILLION, DOWN
2%
    * SALLIE MAE - QUARTERLY PRIVATE EDUCATION LOAN PROVISIONS
FOR
CREDIT LOSSES $138 MILLION, UP FROM $48 MILLION

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

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