- The net interest margin for the third quarter was 5%, falling short of the 5.43% net interest margin from the previous year and missing the estimate of 5.2%.
- Net interest income was reported at $359.4 million, which is a decline of 6.6% compared to the previous year and below the expected $369.7 million.
- The provision for credit losses increased by 37% year-over-year, totaling $271 million, which is higher than the estimated $209.4 million.
- Analyst ratings include 11 buys, 1 hold, and no sells.
A look at Slm Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
SLM Corporation, known as Sallie Mae, has received a positive long-term outlook based on its Smartkarma Smart Scores. With an overall strong performance across various factors, including Value, Dividend, Growth, Resilience, and Momentum, SLM Corp is positioned for favorable prospects ahead. The company’s solid scores in resilience and momentum indicate its ability to weather challenges and maintain steady growth in the future.
As a provider of education funding and student loan services, SLM Corporation plays a vital role in supporting individuals pursuing higher education. Its diverse offerings, including debt management services and technical products, cater to a wide range of clients such as colleges, universities, and loan guarantors. With balanced scores in key areas, SLM Corp’s outlook suggests a promising trajectory in the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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