SLM Corporation has released its financial results for the second quarter of 2025. The company reported private education loan originations of $686 million, slightly down from $691 million in the same quarter last year. The GAAP net income attributable to common stock was $67 million for the quarter. The net interest margin stood at 5.31%, marking a decrease of 5 basis points from the second quarter of 2024. Diluted earnings per share were recorded at $0.32. Total non-interest expenses increased to $167 million, compared to $159 million in the year-ago quarter. Additionally, a provision for credit losses amounted to $149 million, showing an increase due to factors such as loan sale timing and macroeconomic conditions. SLM Corporation's balance sheet highlights include a return on common equity of 12.8% and a common stock dividend per share of $0.13 paid in the second quarter. The company repurchased 2.4 million shares under the 2024 share repurchase program, with $302 million of capacity remaining as of June 30, 2025. In terms of credit performance, 3.5% of private education loans were delinquent for over 30 days as of June 30, 2025. There were $94 million in private education loan net charge-offs for the quarter, representing 2.36% of average loans in repayment on an annualized basis, compared to 2.19% in the second quarter of 2024. The company successfully completed its first student loan ABS transaction of the year, raising $539 million, with strong investor demand noted despite a volatile market.