Sallie Mae Bank
Highly Engaged Employees
Highly Engaged EmployeesBanking · 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: 14
Signal Type
Mar
Apr
May
Jun
Jul
Aug
ZI Rank
12
12
17
8
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14
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
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JT
Chief Credit Officer
ML
Reporting Analyst
KB
Managing Vice President and Controller
MW
Reporting Analyst
GC
Financial Controller
WG
Reporting Analyst
JL
Business 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
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Frequently Asked Questions Regarding Sallie Mae Bank
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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
