SLM Corp
salliemae.comSLM Corp (NASDAQ: SLM) is a consumer banking company that originates and services private education loans for undergraduate and graduate students in the United States. The company makes money primarily through net interest income earned on its private student loan portfolio, with additional income from loan sales and fee-based activities. The filing excerpts reference a strategic partnership for loan sales and ongoing share repurchases and quarterly cash dividends as components of capital allocation. SLM operates as a bank holding company and is a well-known seasoned issuer under SEC Rule 405, as noted in its 10-K filed February 19, 2026 for fiscal year ended 2025. The filing references originations, net charge-offs, non-interest expenses, and balance sheet position as key operating metrics, indicating a spread-based lending business model where credit quality and funding costs are the primary drivers of profitability.
Products & Services
Private education loans for undergraduate and graduate students. Loan origination and servicing. Loan sales, including under a strategic partnership referenced in the FY2025 10-K.
Revenue Model
Net interest income on private student loan balances, supplemented by loan sale proceeds and fee income. Capital returned to shareholders via quarterly cash dividends and share repurchases, subject to board approval.
Customers & Markets
Students and families financing higher education costs in the United States. End market demand is driven by college enrollment and the cost of higher education.
Geographic Exposure
United States. No international geographic exposure is indicated in the filing excerpts.
Financial Snapshot
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