SLM on Nasdaq

SLM Corp

American personal credit institutions company based in Newark, no longer active.

$22.45 up 0.28 (1.29%)Price as of Oct 15, 2026 at 17:33 UTC

Last updated Oct 18, 2026.

Overview

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  • TickerSLM on Nasdaq
  • IndustryPersonal Credit Institutions
  • HeadquartersNewark, United States
  • Incorporated inDE3
  • Business address300 Continental Drive, Newark, De 197133
  • Filer categoryLarge accelerated filer3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income45678$744.8M in 2025+29% since 2019
0$500.0M$1.0B$1.5B2019: $578.3M$578.3M20192020: $880.7M$880.7M2020+52%2021: $1.2B$1.2B2021+32%2022: $469.0M$469.0M2022−60%2023: $581.4M$581.4M2023+24%2024: $608.3M$608.3M2024+5%2025: $744.8M$744.8M2025+22%

Every line of the income statement as filed: the last 3 fiscal years, latest first.8

Period ending2025-12-312024-12-312023-12-31
Loans$2.4B$2.3B$2.3B
Investments$58.8M$61.4M$50.8M
Cash and cash equivalents$176.0M$243.2M$213.8M
Total interest income$2.6B$2.6B$2.6B
Deposits$808.8M$881.5M$808.1M
Interest expense on short-term borrowings$11.4M$13.8M$13.5M
Interest expense on long-term borrowings$305.2M$243.0M$208.5M
Total interest expense$1.1B$1.1B$1.0B
Net interest income$1.5B$1.5B$1.6B
Less: provisions for credit losses$332.7M$408.5M$345.5M
Net interest income after provisions for credit losses$1.2B$1.1B$1.2B
Gains on sales of loans, net$368.9M$254.9M$160.3M
Gains (losses) on securities, net-$9.8M$467.0K$2.7M
Other income$123.5M$112.9M$84.1M
Total non-interest income$482.6M$368.3M$247.1M
Compensation and benefits$345.8M$349.4M$326.6M
FDIC assessment fees$34.3M$51.6M$45.8M
Other operating expenses$275.5M$235.6M$246.9M
Total operating expenses$655.6M$636.6M$619.2M
Acquired intangible assets impairment and amortization expense$3.6M$5.3M$66.4M
Total non-interest expenses$659.1M$641.9M$685.6M
Income before income tax expense$992.6M$798.6M$778.3M
Income tax expense$247.7M$190.3M$196.9M
Net income$744.8M$608.3M$581.4M
Preferred stock dividends$15.7M$18.3M$17.7M
Net income attributable to SLM Corporation common stock$729.1M$590.0M$563.7M
Basic earnings per common share (in usd per share)$3.52$2.73$2.44
Average common shares outstanding (in shares)207.2M shares216.2M shares231.4M shares
Diluted earnings per common share (in usd per share)$3.46$2.68$2.41
Average common and common equivalent shares outstanding (in shares)210.9M shares219.9M shares234.1M shares
Declared dividends per common share (in dollars per share)$0.52$0.46$0.44

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Leadership

Who has led SLM Corp, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (63)

Former names

  • USA EDUCATION INCNov 7, 2000 to May 15, 20023
  • SLM HOLDING CORPApr 1, 1997 to Jun 14, 20003

Timeline

  1. Apr 22, 2020New chief executive Jonathan W. Witter becomes CEO15
  2. May 2, 2014New chief executive Raymond J. Quinlan becomes CEO16
  3. Aug 14, 2013New chief executive John F. Remondi becomes CEO17
  4. Jan 26, 2007New chief executive Thomas J. Fitzpatrick becomes CEO18

Filings

483 filings to the SEC since October 2021: 5 annual reports, 16 quarterly reports, 102 major events, 259 insider forms, 43 large holders, 58 other. The latest 20:

  1. Sep 18, 20264 EDGAR
  2. Sep 18, 20264 EDGAR
  3. Sep 18, 20264 EDGAR
  4. Sep 18, 20264 EDGAR
  5. Aug 14, 2026SCHEDULE 13G EDGAR
  6. Aug 5, 20268-K EDGAR
  7. Jul 23, 202610-Q EDGAR
  8. Jul 23, 20268-K EDGAR
  9. Jun 18, 20264 EDGAR
  10. Jun 18, 20264 EDGAR
  11. Jun 18, 20264 EDGAR
  12. Jun 18, 20264 EDGAR
  13. Jun 18, 20264 EDGAR
  14. Jun 18, 20264 EDGAR
  15. Jun 18, 20264 EDGAR
  16. Jun 18, 20264 EDGAR
  17. Jun 18, 20264 EDGAR
  18. Jun 18, 20264 EDGAR
  19. Jun 18, 20264 EDGAR
  20. Jun 18, 20264 EDGAR

The 483 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 43 such filings since October 2021, the latest 10:

  1. Aug 14, 2026SCHEDULE 13G
  2. May 14, 2026SCHEDULE 13G/A
  3. May 13, 2026SCHEDULE 13G
  4. Apr 30, 2026SCHEDULE 13G
  5. Apr 29, 2026SCHEDULE 13G
  6. Mar 27, 2026SCHEDULE 13G/A
  7. Feb 12, 2026SCHEDULE 13G
  8. Feb 11, 2026SCHEDULE 13G
  9. Jan 30, 2026SCHEDULE 13G/A
  10. Nov 12, 2025SCHEDULE 13G

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.17,562,699$455.6M0.0%−1,318,111
Fmr LLC17,052,007$442.3M0.0%−864,462
Brave Warrior Advisors, LLC13,381,145$347.1M7.6%−203,223
Vanguard Portfolio Management LLC9,621,467$249.6M0.0%−1,205,662
Vanguard Capital Management LLC8,198,835$212.7M0.0%−364,988
Dimensional Fund Advisors LP7,898,402$204.9M0.0%+383,372
Hotchkis & Wiley Capital Management LLC7,216,318$187.2M0.5%+730,130
American Century Companies Inc7,206,261$186.9M0.1%+890,666
Barrow Hanley Mewhinney & Strauss LLC6,520,274$169.1M0.5%+1,289,315
State Street Corp6,510,300$168.9M0.0%+58,070
Massachusetts Financial Services Co /ma/6,188,078$160.5M0.1%−441,105
Impactive Capital LP5,307,934$137.7M9.8%−2,514,630
Goldman Sachs Group Inc5,204,786$135.0M0.0%+3,151,211
Capital Research Global Investors4,676,774$121.3M0.0%−631,967
Azora Capital LP3,774,739$97.9M4.1%+568,931
Geode Capital Management, LLC3,681,214$95.5M0.0%−414,977
Morgan Stanley3,330,268$86.4M0.0%+560,033
First Trust Advisors LP3,270,506$84.8M0.0%+965,563
Allianz Asset Management GmbH3,031,284$78.5M0.1%−87,852
Northern Trust Corp2,316,033$60.1M0.0%+32,275
Victory Capital Management Inc2,298,561$59.6M0.0%+2,239,499
Walleye Capital LLC2,180,990$56.6M0.3%+2,168,039
Nomura Asset Management International Inc.2,114,634$54.9M0.1%+330,763
Boston Partners1,831,714$47.4M0.0%+995,348
Charles Schwab Investment Management Inc1,792,848$46.5M0.0%−633

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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