Slide 1: SLM Corporation Earnings Presentation First Quarter 2020
SLM Corporation Earnings Presentation First Quarter 2020 April 23, 2020
Slide 2: Forward-Looking Statements and Disclaimer
Forward-Looking Statements and Disclaimer Cautionary Note Regarding Forward-Looking Statements The following information is current as of April 22, 2020 (unless otherwise noted) and should be read in connection with the press release of SLM Corporation (the “Company”) announcing its financial result
Slide 3: Highlights
Highlights Earnings • Q1 2020 GAAP diluted earnings per common share increased 148% over Q1 2019 • Net interest income was $400 million in Q1 2020, a 1% decrease compared to Q1 2019 • $3.1 billion Private Education Loans sold for a gain of $239 million Assets • Originated $2.3 billion in Private Edu
Slide 4: Quarterly Financial Highlights
Quarterly Financial Highlights3 4
Slide 5: Private Student Loan Originations ($MM)
Private Student Loan Originations9 $6,000 $5,625 $5,500 $5,315 6% 11% $5,000 $4,800 $4,666 3% $4,500 8% $4,330 $4,000 Originations ($MM) $3,500 $3,000 $2,500 $2,301 8% $2,000 $2,131 $1,500 $1,000 $500 $0 2015 2016 2017 2018 2019 YTD 2020 Actuals 5
Slide 6: Credit Performance
Credit Performance11,12,13 6
Slide 7: Footnotes
Footnotes 1. Derivative Accounting: we provide “Core Earnings” because it is one of several measures management uses to evaluate management performance and allocate corporate resources. “Core Earnings” exclude periodic unrealized gains and losses caused by the mark-to-fair value valuations on deriva
Slide 8: “Core Earnings” to GAAP Reconciliation
“Core Earnings” to GAAP Reconciliation 8