Sallie Mae (SLM) reported Q1 earnings late Thursday of $1.40 per diluted share, up from $1.27 a year earlier.

Analysts polled by FactSet expected $1.19.

Revenue for the quarter ended March 31, expressed as the sum of net interest income and total noninterest income, was $581 million, compared with $561.2 million a year earlier.

Analysts surveyed by FactSet expected $560.3 million.

The company reaffirmed its full-year 2025 earnings outlook of $3.00 to $3.10 per diluted share. Analysts surveyed by FactSet expect $3.07.

Shares of Sallie Mae were up over 1% in after-hours trading.