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Red Flags Detected

  • Net Charge-Offs Increased Due To Misaligned Third-Party Debt Resolution Practices (new) — Third-party collection vendor issues caused high-ability-to-pay borrowers to default without normal resolution, raising credit loss and operational risk.
NASDAQ: SLM SLM Corp 8-K

Sallie Mae Q2 EPS falls to $0.29 as charge-offs rise on third-party collection issues

Filed July 23, 2026 · Period ending July 23, 2026 · ~1 min read

Key Changes

  • high

    GAAP diluted EPS of $0.29, down from $0.32 year-ago; net income fell to $55M from $67M as charge-offs increased due to misaligned third-party debt resolution practices affecting high-ability-to-pay borrowers.

    Exhibit 99.1 view on EDGAR →
  • high

    Net charge-offs totaled $113M, up year-over-year, driven by third-party collection misalignment causing borrowers to progress straight to default; full-year 2026 charge-offs expected $365M–$385M.

    Exhibit 99.1 view on EDGAR →
  • high

    Private Education Loan originations grew 4.5% year-over-year; company reaffirms full-year 2026 originations growth guidance of 12%–14% entering peak season.

    Exhibit 99.1 view on EDGAR →

2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.

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View original filing on SEC.gov Press release (Ex 99.1) on EDGAR ↗

Source-verified from EDGAR · Narrative written by AI · Jul 24, 2026 · How we verify