Slide 1: Investor Presentation 4th Quarter & Full-Year 2025
1© 2026 Sallie Mae Bank. All rights reserved.© 2026 Sallie Mae Bank. All rights reserved. Investor Presentation 4th Quarter & Full-Year 2025 Exhibit 99.1
Slide 2: Forward-looking statements disclaimer
2© 2026 Sallie Mae Bank. All rights reserved. The following information is current as of January 22, 2026 (unless otherwise noted) and should be read in connection with the press release of SLM Corporation (the “Company”) announcing its financial results for the quarter December 31, 2026, furnished
Slide 3: 4th Quarter & Full-Year 2025 Highlights
3© 2026 Sallie Mae Bank. All rights reserved. 4th Quarter & Full-Year 2025 Highlights $7.4B Private Education Loan Originations in Full-Year 2025, as compared to $7.0 billion in 2024. 6% Private Education Loan Originations growth in Full-Year 2025. 4% Q4 2025 Private Education Loan Originations grow
Slide 4: Additional Key Performance Metrics and Credit Performance
4© 2026 Sallie Mae Bank. All rights reserved. ($19M) Q4 2025 provision for credit losses; compared with $108M in provisions in Q4 2024. 4.0% Percentage of Private Education Loans in repayment delinquent 30+ days as of 12/31/2025, as compared to 3.7% as of 12/31/2024. $346M Private Education Loan net
Slide 5: A Compelling Investment Opportunity
5© 2026 Sallie Mae Bank. All rights reserved. Outstanding financial track record with strong EPS performance and ROCE Well-positioned in large and growing private student loan market, with powerful brand recognition and attractive client base Consistent profitability, balance sheet strength, and str
Slide 6: Sallie Mae is an Outstanding Franchise
6© 2026 Sallie Mae Bank. All rights reserved. 64% 2024 full-year market share of private student lending marketplace (3) 61% In School Payment* $1.0B Private Education Loan Originations* 92% Cosigner Rate* 2.42% Q4 2025 Net Charge-offs as a percentage of Avg. Loans in Repayment (annualized) (5) 756
Slide 7: Providing Customers with Financial Backing, Information, and Tools
7© 2026 Sallie Mae Bank. All rights reserved. Providing Customers with Financial Backing, Information, and Tools to Achieve Their Goals SALLIE MAE BANK Offers traditional savings products • High-yield savings accounts • Money market accounts • Certificates of deposit Originates Private Education Loa
Slide 8: High Quality Private Education Loan Portfolio
8© 2026 Sallie Mae Bank. All rights reserved. Private Education Loan Portfolio High Quality Private Education Loan Portfolio $19.6B Loans 21% Variable 79% Fixed Smart Option Portfolio Interest Rate Type 46% Deferred 36% Fixed Pay 18% Interest Only $19.6B Loans Smart Option Customer FICO at Original
Slide 9: Sallie Mae's Smart Option Loan
9© 2026 Sallie Mae Bank. All rights reserved. Interest Only loans Require full interest payments during in-school, grace, and deferment periods Fixed Pay loans Require $25 fixed payments during in-school, grace, and deferment periods Deferred loans Do not require payments during in-school and grace
Slide 10: More Personalized, Flexible Financing Options
10© 2026 Sallie Mae Bank. All rights reserved. More Personalized, Flexible Financing Options that Set Students Up for Success WE BELIEVE WE ARE WELL POSITIONED TO CAPTURE MARKET SHARE THROUGH COMPELLING OFFERINGS Sallie Mae Federal Student Loan Program U n d e rg ra d u a te Loan Program Smart Optio
Slide 11: Our Proven Strategy Aims to Maximize Profitability and Growth
11© 2026 Sallie Mae Bank. All rights reserved. STRATEGIES TO MAXIMIZE REVENUE STRATEGIES TO MANAGE UNIT COSTS Our Proven Strategy Aims to Maximize the Profitability and Growth of the Core Business Drive penetration at all schools Increase market share by bridging gaps in student funding needs Enhanc
Slide 12: Optimize the Value of the Brand and Attractive Client Base
12© 2026 Sallie Mae Bank. All rights reserved. v Optimize the Value of the Brand and Attractive Client Base We know our customers’ finances, payment patterns, and indebtedness. We have relationships and knowledge to assist our customers with their next step: post-graduation plans, jobs, and future f
Slide 13: Strong Balance Sheet & Recurring Earnings Growth
13© 2026 Sallie Mae Bank. All rights reserved. Strong Balance Sheet & Recurring Earnings Growth Loan Sales & Capital Return Aiming to Enhance Shareholder Value Through Disciplined Balance Sheet Growth and Strategic Capital Return Expected to drive recurring revenue and lead to steady double-digit ea
Slide 14: Consumers Increasingly Rely on Borrowed Funds
14© 2026 Sallie Mae Bank. All rights reserved. Consumers Increasingly Rely on Borrowed Funds to Finance the Cost of a Higher Education(9) Roughly Half of Families Student borrowing is more prevalent than parent borrowing. Borrowing rates vary by school type USED BORROWED FUNDS IN AY 2024-25 SOURCE:
Slide 15: Diversified Funding Optimizes Net Interest Margin
15© 2026 Sallie Mae Bank. All rights reserved. As of 12/31/2025 Funding Strategy 22% Long and Short Term Borrowings 23% Brokered (Fixed) 14% Retail (HSA & 529) 32% Retail (MMDA & CD) 9% Brokered (Variable) • Our total deposits of $21.1 billion were comprised of $8.8 billion in brokered deposits and
Slide 16: Private Education Loan Trends
16© 2026 Sallie Mae Bank. All rights reserved. $5,423 $5,975 $6,383 $7,013 2021 2022 2023 2024 2025 90%752 56% 87%748 56% 86%747 57% Private Education Loan Trends Fourth-quarter 2025 originations at approximately $1.0 billion, 4% higher than the year-ago quarter. Full-Year originations were approxim
Slide 17: ABS Supplement
17© 2026 Sallie Mae Bank. All rights reserved. ABS Supplement
Slide 18: Sallie Mae Bank ABS Summary
18© 2026 Sallie Mae Bank. All rights reserved. Sallie Mae Bank ABS Summary – Last 12 Quarters (On Balance Sheet)* * Pool characteristic percentages and values are as of the statistical cutoff date for each respective transaction pool.
Slide 19: Sallie Mae Bank ABS Structures
19© 2026 Sallie Mae Bank. All rights reserved. Sallie Mae Bank ABS Structures
Slide 20: Appendix
20© 2026 Sallie Mae Bank. All rights reserved. Appendix
Slide 21: Loans in Repayment Balances
21© 2026 Sallie Mae Bank. All rights reserved. $8 $9 $10 $11 $12 $13 $14 $15 $16 $17 $18 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Bi lli on s On Book $6 $7 $8 $9 $10 $11 $12 Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 Bi lli on s Off Book $3.6B Since 4Q23 On
Slide 22: Loans in Early-Stage P&I Repayment Status
22© 2026 Sallie Mae Bank. All rights reserved. 20% 25% 30% 35% 40% Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 On Book 20% 25% 30% 35% 40% Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Mar-25 Jun-25 Sep-25 Dec-25 On Book On Book – 1 to 24 months P&I Repayment Status(11) as % of Loans in Repa
Slide 23: Q4 2025 Income Statement and Key Metrics
23© 2026 Sallie Mae Bank. All rights reserved. Q4 2025 Q3 2025 Q4 2024 Income Statement ($ Millions) $ $ $ Total interest income 657 658 661 Total interest expense 280 285 299 Net Interest Income 377 373 362 Less: provisions for credit losses (19) 179 108 Total non-interest income 77 173 28 Total no
Slide 24: Full-Year 2025 Income Statement and Key Metrics
24© 2026 Sallie Mae Bank. All rights reserved. 2025 2024 Income Statement ($ Millions) $ $ Total interest income 2,627 2,619 Total interest expense 1,125 1,138 Net Interest Income 1,502 1,481 Less: provisions for credit losses 333 409 Total non-interest income 483 368 Total non-interest expenses 659
Slide 25: Credit Performance
25© 2026 Sallie Mae Bank. All rights reserved. Credit Performance (5)(17)(18) Private Education Loans Held for Investment * Total Allowance % of Private Education Loan Exposure is defined as total allowance for credit losses as a percentage of the ending total loan balance plus unfunded loan commitm
Slide 26: Factors affecting the Provision for Credit Losses
© 2025 Sallie Mae Bank. All rights reserved. 26 © 2026 Sallie Mae Bank. All rights reserved. 6 Factors affecting the Provision for Credit Losses 4th Quarter 2025 Consolidated Statements of Income – Provision for Credit Losses Reconciliation • The decrease in provision was largely due to the release
Slide 27: Footnotes
27© 2026 Sallie Mae Bank. All rights reserved. 1. We calculate the percentage of loans in an extended grace period as the ratio of (a) Private Education Loans in forbearance in an extended grace period numerator to (b) Private Education Loans in repayment and forbearance denominator. An extended gra