Sallie Mae (SLM) Tops Q1 EPS by 6c

Sallie Mae (NASDAQ: SLM) reported Q1 Core EPS of $0.21, $0.06 better than the analyst estimate of $0.15.

GUIDANCE:

Sallie Mae sees FY2017 EPS of $0.70-$0.72 vs. consensus of $0.69.

“Since the spin off nearly three full years ago, we have made a meaningful shift toward becoming a consumer bank,” said Raymond J. Quinlan, chairman and CEO. “I am gratified by the ongoing results of that effort: disciplined compliance management has cultivated strong working relationships with our regulators, and high credit quality in originations has translated into customer success in repayment. I applaud our 1,347 employees and their commitment to providing our customers with the best possible experience from application through repayment. Through their exemplary efforts, we have put past regulatory orders behind us and made our customers the center of our efforts.”

For earnings history and earnings-related data on Sallie Mae (SLM) click here.

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