Sallie Mae Reports Second-Quarter 2019 Financial Results

Second-Quarter GAAP Net Income Attributable to Common Stock of $146 Million, or $0.34 Per Diluted Share

Private Education Loan Originations of $532 Million

Second-Quarter “Core Earnings” Net Income Attributable to Common Stock of $132 Million, or $0.31 Per Diluted Share

NEWARK, Del.--(BUSINESS WIRE)-- Sallie Mae (Nasdaq: SLM), formally SLM Corporation, today released second-quarter 2019 financial results. Highlights of those results are included in the attached supplement. Complete financial results are available at www.SallieMae.com/investors.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190724005830/en/

Sallie Mae will host an earnings conference call tomorrow, July 25, 2019, at 8 a.m. EDT. Executives will be on hand to discuss various highlights of the quarter and to answer questions related to Sallie Mae’s performance. To participate, dial 877-356-5689 (USA and Canada) or 706-679-0623 (international) and use access code 4558985 starting at 7:45 a.m. EDT. A replay of the conference call will be available approximately two hours after the call’s conclusion and will remain available through Aug. 8, 2019, by dialing 855-859-2056 (USA and Canada) or 404-537-3406 (international) with access code 4558985.

A live audio webcast of the conference call and presentation slides may be accessed at www.SallieMae.com/investors.

Sallie Mae (Nasdaq: SLM) believes education and life-long learning, in all forms, help people achieve great things. As the leader in private student lending, we provide financing and know-how to support access to college and offer products and resources to help customers make new goals and experiences, beyond college, happen. Learn more at SallieMae.com. Commonly known as Sallie Mae, SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.

View source version on businesswire.com: https://www.businesswire.com/news/home/20190724005830/en/

Media
Rick Castellano, 302-451-2541, [email protected]

Investors
Brian Cronin, 302-451-0304, [email protected]

Source: Sallie Mae

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