Sallie Mae's (SLM) Q4 Earnings Lag Estimates, Expenses Rise

Sallie Mae’s (SLM) , formally SLM Corporation, fourth-quarter 2023 core earnings per share of 72 cents missed the Zacks Consensus Estimate of 87 cents. The bottom line, however, compared favorably with the prior-year quarter’s loss of 33 cents.A rise in non-interest expenses impeded the results. Nonetheless, lower provisions for credit losses, an increase in the net interest income (NII), robust loan originations and higher non-interest income were positives.The company’s GAAP net income was $168 million ag ...