SLM Corporation (SLM) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you, Chloe. Good evening and welcome to Sally Mae's third quarter 2025 earnings call. It is my pleasure to be here today with John Witter, our CEO, Pete Graham, our CFO, and Melissa Bernal, Managing Vice President of Strategic Finance. After the prepared remarks, we will open the call for questions. Before we begin, keep in mind our discussion will contain predictions, expectations, and forward-looking statements. Actual results in the future may be materially different from those discussed here due to a variety of factors. Listeners should refer to the discussion of those factors in the company's Form 10-Q and other filings with the FTC. For Sallie Mae, these factors include, among others, results of operations, financial conditions and or cash flows, as well as any potential impact of various external factors on our business. We undertake no obligation to update or revise any predictions, expectations, or forward-looking statements to reflect events or circumstances that occur after today, Thursday, October 23, 2025. Thank you, and now I'll turn the call over to John. Thank you, Kate and Chloe. Good evening, everyone. Thank you for joining us to discuss Sallie Mae's third quarter 2025 results. I hope you'll take away three key messages today. First, we delivered a successful quarter and peak season. Second, we're pleased with our year-to-date performance and believe we have real momentum that will carry us through the rest of the year. And third, we're optimistic about the long-term outlook for private student lending and the growth of Sallie Mack. Let me begin with the quarter's results. GAAP diluted EPS in the third quarter with 63 cents per share. Loan originations for the third quarter were $2.9 billion, representing 6.4 percent growth over the year-ago q...