SLM Q1 2026: Loan sales surge 67% to $3.3B; Bank dividend doubles to $200M

Filed April 23, 2026 · Period ending March 31, 2026 · Compared to 10-Q Apr 24, 2025 · ~2 min read

Key Changes

• high

  Bank dividend to parent doubled to $200M from $100M prior year, funding increased share buybacks and dividends. Capital ratios remain well above regulatory minimums at 12.4% Common Equity Tier 1.

  MD&A: Capital Management verify on EDGAR →
• high

  Loan sales volume jumped 67% to $3.33B from $2.00B, but gain on sale fell to $146M from $188M due to lower pricing on seasoned loans and inclusion of newly originated, not-fully-disbursed loans at low single-digit margins.

  MD&A: Loan Sales verify on EDGAR →
• high

  Provision for credit losses was negative $11M (a release) versus positive $23M prior year, driven mechanically by $120M reversal from loan sales and $10M from transfer to held-for-sale, not underlying credit improvement.

  MD&A: Provision verify on EDGAR →