Slm Corporation · NASDAQ:SLM
Slm — Q4 2024 Earnings Presentation
11 slides from Slm's earnings presentation, Jan 23, 2025
Slide 1: Earnings Presentation 4th Quarter & Full-Year 2024
Earnings Presentation 4th Quarter & Full-Year 2024 Confidential and proprietary information. © 2024 Sallie Mae Bank. All rights reserved. 1
Slide 2: Cautionary Note and Disclaimer Regarding Forward Looking Statements
CAUTIONARY NOTE AND DISCLAIMER REGARDING FORWARD LOOKING STATEMENTS The following information is current as of January 23, 2025 (unless otherwise noted) and should be read in connection with the press release of SLM Corporation announcing its financial results for the quarter and year ended December
Slide 3: 4th Quarter & Full-Year 2024 Highlights
Balance Sheet & Capital Allocation $7.0B 10% 4th Quarter & Private Education Loan Private Education Loan Originations Originations in Full-Year 2024, growth in Full-Year 2024. 17% Full-Year 2024 as compared to $6.4 billion in Private Education Loan Originations 2023. growth compared to year-ago High
Slide 4: Additional Key Performance Metrics
Loan Sales Funding & Liquidity Additional Key Performance $3.7B Deposit portfolio balances at the end of Q4 2024 were 1.8% 3% Metrics Private Education Loans at attractive premiums, including lower than at the end of Q3 2024; Uninsured deposits as a Q4 2024 mix of brokered vs. retail and percentage
Slide 5: Private Education Loan Trends
Private Private Education Loan Originations(1) Average FICO at Approval(2) In School Payment Cosigned Education Loan Trends 2024 $7,013 752 56% 90% Fourth-quarter 2024 originations at approximately $982 million, 17% higher than the year-ago quarter. + 10% Full-Year originations were approximately $7
Slide 6: Quarterly Financial Highlights
Quarterly Financial Highlights Q4 Q3 Q4 Q4 Q3 Q4 2024 2024 2023 2024 2024 2023 Income Statement ($ Millions) Key Performance Metrics Total interest income 661 653 669 Net Interest Margin 4.92% 5.00% 5.37% Total interest expense 299 293 283 Net Interest Income 362 359 386 Yield—Total Interest-earning
Slide 7: Full-Year Financial Highlights
Full-Year Financial Highlights 2024 2023 2024 2023 Income Statement ($ Millions) Key Performance Metrics Total interest income 2,619 2,592 Net Interest Margin 5.19% 5.50% Total interest expense 1,138 1,030 Net Interest Income 1,481 1,562 Yield—Total Interest-earning assets 9.17% 9.13% Less: provisio
Slide 8: Credit Performance
Credit Performance (5)(6)(7) Private Education Loans Held for Investment Quarters Ended DEC 31, 2024 SEP 30, 2024 DEC 31, 2023 ($ Thousands) Balance % Balance % Balance % Loans in repayment and percentage of each status: Loans current $ 15,513,333 96.3% $ 14,806,983 96.4% $ 14,809,271 96.1% Loans de
Slide 9: Allowance for Credit Losses
Allowance for Credit Losses Consolidated Statements of Income – Provision for Credit Losses Reconciliation Factors affecting the Provision for Credit Losses 4th Quarter 2024 Quarter Ended ($ THOUSANDS) December 31, 2024 • Provision was impacted by both Private Education Loan provision for credit los
Slide 10: 2025 Guidance
For the full year 2025, the Company expects: 2025 Guidance * $3.00 - $3.10 6% - 8% GAAP Diluted Earnings Private Education Loan Originations Per Common Share Year-over-Year Growth 2.0% - 2.2% $655 - $675 Total Loan Portfolio Net Charge-Offs million as a Percentage of Average Loans in Repayment Non-I
Slide 11: Footnotes
Footnotes 1. Originations represent loans that were funded or acquired during the period presented. 2. Represents the higher credit score of the cosigner or the borrower. 3. We calculate and report our Return on Assets (“ROA”) as the ratio of (a) GAAP net income (loss) numerator (annualized) to (b)