SLM

Q2 FY2026 EarningsQ2 2026 GAAP diluted EPS was $0.29, down from $0.32 YoY, as net interest income fell 11.7% YoY to $333M. Private Education Loan originations grew 4.5% YoY, while net charge-offs reached $113M due to third-party debt resolution issues. Efficiency ratio worsened to 48.6% from 41.4% YoY. FY 2026 guidance remains steady with EPS projected at $3.10 - $3.20.