Slm Corporation · NASDAQ:SLM

Slm — Q1 2021 Earnings Presentation

20 slides from Slm's earnings presentation, Apr 30, 2021

  1. Slide 1: Period ended March 31, 2021

    Confidential and proprietary information. © 2020 Sallie Mae Bank. All rights reserved. Period ended March 31, 2021 Exhibit 99.1

  2. Slide 2: Cautionary Note Regarding Forward-Looking Statements

    Confidential and proprietary information. © 2020 Sallie Mae Bank. All rights reserved. 2 Cautionary Note Regarding Forward-Looking Statements The following information is current as of March 31, 2021 (unless otherwise noted) and should be read in connection with the press release of SLM Corporation

  3. Slide 3: SMB Private Education Loan Trust transactions

    Confidential and proprietary information. © 2020 Sallie Mae Bank. All rights reserved. 3 Date Transaction Date Transaction Date Transaction July 2015 SMB Private Education Loan Trust 2015-B May 2016 SMB Private Education Loan Trust 2016-A February 2017 SMB Private Education Loan Trust 2017-A July 20

  4. Slide 4: Bank. All rights reserved. • • • • • • • • •

    Confidential and proprietary information. © 2020 Sallie Mae Bank. All rights reserved. 4 • • • • • • • • •

  5. Slide 5: Smart Option Serviced Portfolio: 30-59 Day Delinquencies

    Confidential and proprietary information. © 2020 Sallie Mae Bank. All rights reserved. 5 Smart Option Serviced Portfolio: 30-59 Day Delinquencies 0% 2% 4% 6% 8% 10% M a r- 1 4 J u n -1 4 S e p -1 4 D e c -1 4 M a r- 1 5 J u n -1 5 S e p -1 5 D e c -1 5 M a r- 1 6 J u n -1 6 S e p -1 6 D e c -1 6 M a

  6. Slide 6: Smart Option Serviced Portfolio: 60-89 Day Delinquencies

    Confidential and proprietary information. © 2020 Sallie Mae Bank. All rights reserved. 6 Smart Option Serviced Portfolio: 60-89 Day Delinquencies 0% 2% 4% 6% 8% 10% M a r- 1 4 J u n -1 4 S e p -1 4 D e c -1 4 M a r- 1 5 J u n -1 5 S e p -1 5 D e c -1 5 M a r- 1 6 J u n -1 6 S e p -1 6 D e c -1 6 M a

  7. Slide 7: Smart Option Serviced Portfolio: 90+ Day Delinquencies

    Confidential and proprietary information. © 2020 Sallie Mae Bank. All rights reserved. 7 Smart Option Serviced Portfolio: 90+ Day Delinquencies 0% 2% 4% 6% 8% 10% M a r- 1 4 J u n -1 4 S e p -1 4 D e c -1 4 M a r- 1 5 J u n -1 5 S e p -1 5 D e c -1 5 M a r- 1 6 J u n -1 6 S e p -1 6 D e c -1 6 M a r

  8. Slide 8: Smart Option Serviced Portfolio: Forbearance

    Confidential and proprietary information. © 2020 Sallie Mae Bank. All rights reserved. 8 Smart Option Serviced Portfolio: Forbearance 0% 5% 10% 15% 20% 25% 30% 35% 40% M a r- 1 4 J u n -1 4 S e p -1 4 D e c -1 4 M a r- 1 5 J u n -1 5 S e p -1 5 D e c -1 5 M a r- 1 6 J u n -1 6 S e p -1 6 D e c -1 6

  9. Slide 9: Smart Option Serviced Portfolio: Annualized Gross Defaults

    Confidential and proprietary information. © 2020 Sallie Mae Bank. All rights reserved. 9 Smart Option Serviced Portfolio: Annualized Gross Defaults 0% 2% 4% 6% 8% 10% M a r- 1 4 J u n -1 4 S e p -1 4 D e c -1 4 M a r- 1 5 J u n -1 5 S e p -1 5 D e c -1 5 M a r- 1 6 J u n -1 6 S e p -1 6 D e c -1 6 M

  10. Slide 10: Cumulative Defaults by P&I Repayment Vintage

    Confidential and proprietary information. © 2020 Sallie Mae Bank. All rights reserved. 10 3.1% 2.4% 2.1% 1.6% 1.4% 0.5% 0% 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 0 1 2 3 4 5 6 7 8 C u m u la ti v e D e fa u lt s a s a % o f D is b u rs e d P ri n c ip a l E n te ri n g P & I R e p a y m e n t Years Since Fi

  11. Slide 11: Voluntary CPR by Disbursement Vintage

    Confidential and proprietary information. © 2020 Sallie Mae Bank. All rights reserved. 11 0% 5% 10% 15% 20% 1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 % C P R Quarters Since Disbursement Smart Option Student Loans - Serviced Portfolio: All Products Voluntary CPR by Disbursement Vintage (1),

  12. Slide 12: Total CPR by Disbursement Vintage

    Confidential and proprietary information. © 2020 Sallie Mae Bank. All rights reserved. 12 ► 0% 5% 10% 15% 20% 1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 % C P R Quarters Since Disbursement Smart Option Student Loans - Serviced Portfolio: All Products Total CPR by Disbursement Vintage (1), (

  13. Slide 13: Cumulative defaults by vintage table

    Confidential and proprietary information. © 2020 Sallie Mae Bank. All rights reserved. 13 0 1 2 3 4 5 6 7 8 9 Total 2010 (2) 428 1.2% 1.3% 1.2% 1.0% 0.9% 0.5% 0.4% 0.4% 0.3% 7.2% 2011 (2) 997 0.8% 1.1% 1.3% 1.1% 0.8% 0.6% 0.5% 0.4% 6.6% 2012 (2) 1633 0.5% 0.9% 1.3% 1.0% 0.8% 0.7% 0.4% 5.7% 2013 (2)

  14. Slide 14: Cumulative defaults by vintage table

    Confidential and proprietary information. © 2020 Sallie Mae Bank. All rights reserved. 14 0 1 2 3 4 5 6 7 8 9 Total 2010 (2) 427 1.2% 1.3% 1.2% 1.0% 0.9% 0.5% 0.4% 0.4% 0.2% 7.1% 2011 (2) 772 1.0% 1.1% 1.2% 1.0% 0.7% 0.5% 0.4% 0.3% 6.1% 2012 (2) 855 0.7% 0.7% 1.0% 0.7% 0.6% 0.4% 0.3% 4.4% 2013 (2) 8

  15. Slide 15: Cumulative defaults by vintage table

    Confidential and proprietary information. © 2020 Sallie Mae Bank. All rights reserved. 15 0 1 2 3 4 5 6 7 8 9 Total 2011 (2) 221 0.3% 1.3% 1.6% 1.4% 1.4% 1.0% 0.9% 0.7% 8.5% 2012 (2) 529 0.4% 1.0% 1.8% 1.2% 1.1% 0.9% 0.6% 6.9% 2013 (2) 732 0.3% 1.0% 1.4% 1.0% 1.1% 0.7% 5.5% 2014 (2) 959 0.4% 1.1% 1.

  16. Slide 16: Cumulative defaults by vintage table

    Confidential and proprietary information. © 2020 Sallie Mae Bank. All rights reserved. 16 0 1 2 3 4 5 6 7 8 9 Total 2012 (2) 249 0.1% 1.5% 1.4% 1.6% 1.1% 1.2% 0.7% 7.6% 2013 (2) 635 0.1% 1.6% 2.1% 1.4% 1.3% 1.1% 7.6% 2014 (2) 999 0.1% 2.6% 2.3% 1.7% 1.4% 8.0% 2015 (3) 1140 0.1% 2.8% 2.1% 1.5% 1.1% 0

  17. Slide 17: Bank. All rights reserved.

    Confidential and proprietary information. © 2020 Sallie Mae Bank. All rights reserved. 17

  18. Slide 18: Bank. All rights reserved.     o o o   o

    Confidential and proprietary information. © 2020 Sallie Mae Bank. All rights reserved. 18     o o o   o o o

  19. Slide 19: Bank. All rights reserved.         

    Confidential and proprietary information. © 2020 Sallie Mae Bank. All rights reserved. 19         

  20. Slide 20: Calculation definitions

    Confidential and proprietary information. © 2020 Sallie Mae Bank. All rights reserved. 20 ���������������������� = �������� − ������ �������� = Τ���������������������� �������� ������ = 1 − �������� �������� = 1 − ෑ ��=1 3 ������ 4 ��ℎ������: �� = �������������� �� = ��������ℎ ���� ��������������

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