SLM Corporation reported a GAAP net income attributable to common stock of USD 229 million for the fourth quarter (Q4) 2025 and USD 729 million for the full year (FY) 2025. GAAP diluted earnings per common share were USD 1.12 for Q4 2025 and USD 3.46 for FY 2025. The company recorded total non-interest expenses of USD 157 million in Q4 2025 and USD 659 million for FY 2025. Net interest margin stood at 5.21 percent for Q4 2025 and 5.24 percent for FY 2025. The efficiency ratio for FY 2025 was 33.2 percent. SLM Corporation originated USD 1.00 billion in private education loans during Q4 2025 and USD 7.40 billion for FY 2025, representing a 6 percent growth for the full year. The company maintained a strong position in the private student lending marketplace, holding a 64 percent market share for FY 2024. The cosigner rate on new loan originations in Q4 2025 was 92 percent, with an average FICO score at approval of 756. The net charge-off rate for Q4 2025 was 2.42 percent annualized, and 4.0 percent of private education loans in repayment were delinquent by 30 days or more as of December 31, 2025. In terms of capital allocation, SLM Corporation paid a common stock dividend of USD 0.13 per share in Q4 2025 and repurchased 3.80 million shares for USD 106 million during the quarter. For the full year, the company repurchased 12.80 million shares for USD 373 million, with an average share price of USD 29.02 per share. As of December 31, 2025, USD 33 million of repurchase capacity remained under the 2024 Share Repurchase Program, and a new 24-month 2026 Share Repurchase Program of USD 500 million was announced. SLM Corporation continues to utilize regular loan sales as a tool to moderate balance sheet growth, having sold approximately USD 22 billion in whole loans since the beginning of 2020. The company reported that it appears on 98 percent of documented lender lists and has the largest salesforce in the student loan industry.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SLM Corporation published the original content used to generate this news brief on February 13, 2026, and is solely responsible for the information contained therein.