Sallie Mae Q1 Earnings & Revenues Beat Estimates, Expenses Decline

Sallie Mae (SLM) reported first-quarter 2025 earnings per share of $1.40, which outpaced the Zacks Consensus Estimate of $1.19. The bottom line increased from the prior-year quarter’s $1.27.The quarterly results were primarily aided by a rise in non-interest income, robust loan originations and lower non-interest expenses. However, higher provisions for credit losses and a fall in net interest income (NII) negatively impacted SLM’s results.The company’s GAAP net income was $305 million compared with $290 mi ...