Slide 1: Fourth-Quarter 2014 Earnings Presentation
Exhibit 99.1 Exhibit SLM FOURTH-QUARTER JANUARY CORPORATION 99.122, 2015 2014 EARNINGS PRESENTATION
Slide 2: Cautionary Note Regarding Forward-Looking Statements
Cautionary and “SEC”). This statements risks, the limits adverse transactions also recently with lenders regulations, environment, preparation estimates T In confirmation an indicators The periods measures are For 2Company’s earnings. he connection affiliate not risks additional year following Compa
Slide 3: Key Overview and Portfolio Statistics
3-Sallie Average Will Portfolio 90% Nearly 28% 53% $1.3 $2.4 Net Private $10.5 $4 $6 $1 Issued Recently billion interest Mae begin billion cosigned ofbillion $1.9 80% student loans customers Originations closed of Bank has inissuing brokered other billion of in margin= $8.2 of stable in are acash FF
Slide 4: Key Financial Metrics
KeyInterest ($Millions) Net Private Cost Operating Restructuring 4BankFinancial of Risk-Based Education Funds Expenses Q4 Income Margin Expenses 1.11% Metrics 2014 Capital Yield Loans, 5.01% 151 78 Q3 1.07% 73 10 8.07% 144 2014 Gross 15.9% 75 5.25% 141.13% 122 278 1Q4 8.20% $38 16.5% 578 8,311 2013
Slide 5: Private Education Loan Originations
High $4,000 $4,076 $4,500 $3,500 $(MM) ti anions 2011 $0 $500 $1,000 Or Private Originations % Average YoY gi$2,500 $2,000 Cosigned In $1,500 Originations School 2012 Quality $3,000 $3,795 $3,342 Education Originated 2013 88% Payment Statistics $2,737 Private 7% 14% 2014 87% Growth Loan FICO 22% Edu
Slide 6: Private Education Loan Delinquencies and Allowance
Q4Thousands) 4Q ($ Total Loans Allowance Historical Delinquency 6Net Private 2014 charge-offs private current delinquent in repayment forbearance 4Q and Education as2013 education rates a5,045,600 current Balance% %forgreater 31-60 61-90 of will the and the /135,018 Loan delinquency loans increase 4
Slide 7: Earnings: GAAP and Core Earnings
Earnings ($Millions, GAAP Hedge “Core Core The in 7reconciliation effective difference ROA ROCE Earnings” Effectiveness Net Metrics 0.6% Income except accounting 4.7% ofbetween GAAP 2.7% 2024.2% Diluted per $79 Diluted Adjustment 20 share 2.3% 61 hedges core and $EPS 18.0% 83 195 EPS Core amounts) 1
Slide 8: Portfolio Estimated Interest and Charge-Off Curve
Portfolio Estimated % 2.5% 9% 3.0% 3% Interest RATE $25 DEFAULT DIC PERIO 11.0% 0.0% 35% 0.5% YEARS Emerging Charge-offs Only 1Sallie Option 2of3Fixed/In 1-2 Loans 425% 3%2.0% 5Mae Loan 2+ Only/In Years IN 6Migrating ofloan Loss Years 71.5% P&I in our on converted 8+ product School Repayment P&I los
Slide 9: 2015 Guidance
2015 Originations Target Operating Additional Loan Provision 9“CoreGuidance Sales Earnings” for Expenses Restructuring at Loan 7.5% diluted $4.3 Losses, Premium $325 Billion EPS Expense Million Private $1.5 $5 $0.48-$0.50 Billion $116—$130 Million Million
Slide 10: Appendix
SallieMae)) APPENDIX
Slide 11: Core Earnings Reconciliation to GAAP
Quarters (Dollars Preferred common Adjustments: Net Total GAAP Derivative .“Core (1) as loss (2) 11 $ the 19,717 0.03 Derivative “Core impact tax over “Core periodic Earnings” net diluted effect(2). $in Ended stock the stock 0.14 Earnings” $income adjustments, thousands, of Earnings” 60,202 life der