Slm Corporation · NASDAQ:SLM
Slm — Investor Presentation (April 2025)
19 slides from Slm's investor presentation, Apr 24, 2025
Slide 1: Smart Option Student Loan Historical Performance Data
Confidential and proprietary information. © 2024 Sallie Mae Bank. All rights reserved.5 Smart Option Student Loan Historical Performance Data Period ended March 31, 2025 Exhibit 99.1
Slide 2: Cautionary Note and Disclaimer Regarding Forward Looking Statements
Confidential and proprietary information. © 2025 Sallie Mae Bank. All rights reserved. 2 CAUTIONARY NOTE AND DISCLAIMER REGARDING FORWARD LOOKING STATEMENTS The following information is current as of March 31, 2025 (unless otherwise noted) and should be read in connection with the most recent period
Slide 3: Important Information Regarding Historical Loan Performance Data
Confidential and proprietary information. © 2025 Sallie Mae Bank. All rights reserved. 3 Important Information Regarding Historical Loan Performance Data Securitization and Sales. In August 2014, Sallie Mae Bank sponsored its first private education loan ABS, SMB Private Education Loan Trust 2014-A
Slide 4: Smart Option Serviced Portfolio: 30-59 Day Delinquencies
Confidential and proprietary information. © 2025 Sallie Mae Bank. All rights reserved. 4 Smart Option Serviced Portfolio: 30-59 Day Delinquencies 0% 2% 4% 6% 8% 10% M ar -1 5 Ju n -1 5 S ep -1 5 D ec -1 5 M ar -1 6 Ju n -1 6 S ep -1 6 D ec -1 6 M ar -1 7 Ju n -1 7 S ep -1 7 D ec -1 7 M ar -1 8 Ju n
Slide 5: Smart Option Serviced Portfolio: 60-89 Day Delinquencies
Confidential and proprietary information. © 2025 Sallie Mae Bank. All rights reserved. 5 Smart Option Serviced Portfolio: 60-89 Day Delinquencies 0% 2% 4% 6% 8% 10% M ar -1 5 Ju n -1 5 S ep -1 5 D ec -1 5 M ar -1 6 Ju n -1 6 S ep -1 6 D ec -1 6 M ar -1 7 Ju n -1 7 S ep -1 7 D ec -1 7 M ar -1 8 Ju n
Slide 6: Smart Option Serviced Portfolio: 90+ Day Delinquencies
Confidential and proprietary information. © 2025 Sallie Mae Bank. All rights reserved. 6 Smart Option Serviced Portfolio: 90+ Day Delinquencies 0% 2% 4% 6% 8% 10% M ar -1 5 Ju n -1 5 S ep -1 5 D ec -1 5 M ar -1 6 Ju n -1 6 S ep -1 6 D ec -1 6 M ar -1 7 Ju n -1 7 S ep -1 7 D ec -1 7 M ar -1 8 Ju n -1
Slide 7: Smart Option Serviced Portfolio: Forbearance
Confidential and proprietary information. © 2025 Sallie Mae Bank. All rights reserved. 7 Smart Option Serviced Portfolio: Forbearance 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% M ar -1 5 Ju n -1 5 S ep -1 5 D ec -1 5 M ar -1 6 Ju n -1 6 S ep -1 6 D ec -1 6 M ar -1 7 Ju n -1 7 S ep -1 7 D ec -1 7 M ar -1
Slide 8: Smart Option Serviced Portfolio: Annualized Gross Defaults
Confidential and proprietary information. © 2025 Sallie Mae Bank. All rights reserved. 8 Smart Option Serviced Portfolio: Annualized Gross Defaults Data as of March 31, 2025. (1) Loans in P&I Repayment include only those loans for which scheduled principal and interest payments were due at the end o
Slide 9: Smart Option Vintage Data: Cumulative Gross Default by Loan Type
Confidential and proprietary information. © 2025 Sallie Mae Bank. All rights reserved. 9 Smart Option Vintage Data: Cumulative Gross Default (3) by Loan Type 3.8% 3.3% 3.2% 3.1% 3.2% 2.9% 2.9% 2.9% 2.4% 1.3% 0% 2% 4% 6% 8% 10% 12% 14% 0 1 2 3 4 5 6 7 8 9 10 C u m u la ti ve D e fa u lt s a s a % o f
Slide 10: Smart Option Vintage Data: Voluntary Prepayments
Confidential and proprietary information. © 2025 Sallie Mae Bank. All rights reserved. 10 Smart Option Vintage Data: Voluntary Prepayments Data as of March 31, 2025. (1) Please see pages 18 & 19 for a description and explanation of the data and calculations underlying these charts. (2) Data for all
Slide 11: Smart Option Vintage Data: Total Prepayments
Confidential and proprietary information. © 2025 Sallie Mae Bank. All rights reserved. 11 Smart Option Vintage Data: Total Prepayments ► Following the initial few years after disbursement, total prepayments begin to rise more quickly as loans begin to default. Data as of March 31, 2025. (1) Please s
Slide 12: Cohort Default Triangles – Smart Option Combined
Confidential and proprietary information. © 2025 Sallie Mae Bank. All rights reserved. 12 Cohort Default Triangles – Smart Option Combined (Interest Only, Fixed Payment & Deferred) (1) Please see page 17 for a description and explanation of the data and calculations underlying these charts. (2) Data
Slide 13: Cohort Default Triangles – Smart Option Interest Only
Confidential and proprietary information. © 2025 Sallie Mae Bank. All rights reserved. 13 Cohort Default Triangles – Smart Option Interest Only (1) Please see page 17 for a description and explanation of the data and calculations underlying these charts. (2) Data as of March 31, 2025 for Sallie Mae
Slide 14: Cohort Default Triangles – Smart Option Fixed Payment
Confidential and proprietary information. © 2025 Sallie Mae Bank. All rights reserved. 14 Cohort Default Triangles – Smart Option Fixed Payment (1) Please see page 17 for a description and explanation of the data and calculations underlying these charts. (2) Data as of March 31, 2025 for Sallie Mae
Slide 15: Cohort Default Triangles – Smart Option Deferred Payment
Confidential and proprietary information. © 2025 Sallie Mae Bank. All rights reserved. 15 Cohort Default Triangles – Smart Option Deferred Payment (1) Please see page 17 for a description and explanation of the data and calculations underlying these charts. (2) Data as of March 31, 2025 for Sallie M
Slide 16: Additional Information
Confidential and proprietary information. © 2025 Sallie Mae Bank. All rights reserved. 16 Additional Information
Slide 17: Smart Option Loan Program: Cohort Default Triangles Terms and Calculations
Confidential and proprietary information. © 2025 Sallie Mae Bank. All rights reserved. 17 Smart Option Loan Program: Cohort Default Triangles Terms and calculations used in the cohort default triangles are defined below: First P&I Repayment Period – The first month during which a borrower is requi
Slide 18: Smart Option Loan Program: Prepayment Methodology
Confidential and proprietary information. © 2025 Sallie Mae Bank. All rights reserved. 18 Smart Option Loan Program: Prepayment Methodology The Constant Prepayment Rate (CPR) represents an annualized rate of prepayment speed measuring the reduction in the principal balance of a pool of loans in exce
Slide 19: Smart Option Loan Program: Prepayment Methodology
Confidential and proprietary information. © 2025 Sallie Mae Bank. All rights reserved. 19 Smart Option Loan Program: Prepayment Methodology 𝑃𝑟𝑒𝑝𝑎𝑦𝑚𝑒𝑛𝑡 = 𝑃𝑀𝑇 − 𝑆𝑃 𝑆𝑀𝑀 = 𝑃𝑟𝑒𝑝𝑎𝑦𝑚𝑒𝑛𝑡 𝐸𝑋𝑃⁄ 𝑆𝑅 = 1 − 𝑆𝑀𝑀 𝐶𝑃𝑅 = 1 − 𝑆𝑅 𝑤ℎ𝑒𝑟𝑒: 𝑛 = 𝑞𝑢𝑎𝑟𝑡𝑒𝑟 𝑡 = 𝑚𝑜𝑛𝑡ℎ…