Sallie Mae (SLM) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

Core Insights - Sallie Mae (SLM) reported revenue of $387.02 million for Q1 2024, a year-over-year decline of 4.5%, with an EPS of $1.27 compared to $0.47 a year ago [1] - The revenue exceeded the Zacks Consensus Estimate by 2.81%, while the EPS surprised by 16.51% over the consensus estimate of $1.09 [1] Financial Performance Metrics - Net Interest Margin was 5.5%, slightly above the average estimate of 5.4% from three analysts [2] - Average Balances of Interest-Earning Assets were $28.37 billion, slightly below the estimated $28.40 billion [2] - Net Interest Income was reported at $387.02 million, exceeding the average estimate of $377.67 million from four analysts [2] - Gains on Sales of Loans, net, were $143.04 million, surpassing the estimated $111.11 million [2] - Other Income reached $29 million, above the average estimate of $22.39 million [2] - Total Non-Interest Income was $174.16 million, exceeding the average estimate of $133.75 million [2] Stock Performance - Shares of Sallie Mae have returned +3.7% over the past month, contrasting with a -3% change in the Zacks S&P 500 composite [2] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [2]