Sallie Mae Bank
Banking · Delaware, United States · 1K - 5K Employees
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Overview
Headquarters
300 Continental Dr, Newark, Delaware, 19...Phone Number
(877) 346-2756Website
www.salliemae.comRevenue
$2 BillionStock Symbol
SLMIndustry
ZI Rank: 13
Signal Type
Feb
Mar
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Jul
ZI Rank
11
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17
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13
About Sallie Mae Bank
Founded in 1972 and headquartered in Newark, Delaware, SLM Corporation, also known as Sallie Mae, is engaged in education finance. The Company's primary business is to originate and hold student loans.Explore more
Sallie Mae Bank Org Chart
JB
Executive Vice President & Chief Audit Office...
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Reporting Analyst
GC
Financial Controller
KB
Managing Vice President and Controller
ML
Reporting Analyst
WG
Reporting Analyst
JL
Business Controller
MM
Controller
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Company Profile Activity
Activity Insights
Sallie Mae Bank is experiencing very low activity levels compared to other companies in the Finance sector.
What does this means?
Sallie Mae Bank is drawing exceptional interest within the Finance industry, suggesting notable developments or strong market momentum, learn more about Sallie Mae Bank.
Sallie Mae Bank Tech Stack
A closer look at the technologies used by Sallie Mae Bank
Most Recent Scoops
Project
Sallie Mae Bank has announced the launch of a new parent loan product, along with enhancements to the company's medical, dental, law, and MBA loan products, completing all planned product, feature, and function additions ahead of the current peak season.
Pain Point
Sallie Mae Bank is facing a challenge in which a segment of borrowers with the willingness and capacity to repay are progressing directly through delinquency to default, which the company believes is driven by third-party debt resolution providers marketing their services as consolidation or refinancing solutions in ways the company views as not in the customer's best interest.
Pain Point, Finance, Risk
Earnings
Sallie Mae Bank has reported net charge-offs of $113 million for Q2 2026, an increase from $94 million in the prior-year quarter, with approximately $16 million of the year-over-year increase attributed to misaligned third-party debt resolution practices and related shifts in the company's recovery strategies.
Finance, Financial Operations, Risk
Earnings
Sallie Mae Bank has reported non-interest expenses of $195 million for Q2 2026, an increase of $28 million from the year-ago quarter, primarily driven by one-time investments in product enhancements and strategic initiatives to support anticipated growth from the federal lending reform, resulting in an efficiency ratio of 48.6%, an increase of 7 percentage points year-over-year.
Earnings, Spending/Investment, Finance
Earnings
Earnings, Accounting, Financial Reporting, Finance
Sallie Mae Bank News & Media
Sallie Mae Declares Dividends on Preferred Stock Series B and Common Stock
Sallie Mae (Nasdaq: SLM), formally SLM Corporation, today announced a 2026 third-quarter dividend on its Preferred Stock Series B of $1.4393042 per share. The company also announced a 2026 third-quarter dividend on its common stock of $0.13 per share. Both preferred stock and common stock dividends will be paid on Sept. 15, 2026, to the respective stockholders of record at the close of business on Sept. 4, 2026. Sallie Mae (Nasdaq: SLM) believes education andSallie Mae Launches New Parent Loan to Help Families Cover College Costs
New Loan Option Designed for Parents, Family Members, and Other Creditworthy Individuals Provides Flexibility as Federal Loan Programs Evolve Sallie Mae today announced the launch of a new Parent Loan designed to give families an additional, flexible option to pay for higher education as federal student loan options evolve . The Sallie Mae® Parent Loan allows credit-qualified individuals, including parents, guardians, or significant others, to support the financing of undergraduate and graduateM.D. Sass Exits Sallie Mae -- Selling Its Entire $33.1 Million Stake
SLM Corporation, commonly known as Sallie Mae, is the leading provider of private student loans in the United States.Sallie Mae Co-President and CFO to Speak at 2026 Morgan Stanley US Financials Conference
Sallie Mae ® (Nasdaq: SLM), formally SLM Corporation, today announced Co-President and Chief Financial Officer Pete Graham will speak at the 2026 Morgan Stanley US Financials Conference on Wednesday, June 10, at 7:30 a.m. ET. A live audio webcast and replay will be available at SallieMae.com/investors . Sallie Mae (Nasdaq: SLM) believes education and life-long learning, in all forms, help people achieve great things. As the leader in private student lending, we provide financing and
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Founded in 1972 and headquartered in Newark, Delaware, SLM Corporation, also known as Sallie Mae, is engaged in education finance. The Company's primary business is to originate and hold student loans.... Read More
