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PrintBRIEF-Sallie Mae Reports Third-Quarter 2022 Financial Results
BY Reuters | AGENCY | 10/26/22 06:27 PM EDTOct 26 (Reuters) - Sallie Mae:
* SALLIE MAE REPORTS THIRD-QUARTER 2022 FINANCIAL RESULTS
* Q3 GAAP EARNINGS PER SHARE $0.29
* SALLIE MAE - QTRLY PRIVATE EDUCATION LOAN ORIGINATIONS INCREASE 13 PERCENT FROM YEAR-AGO QUARTER TO $2.4 BILLION
* SALLIE MAE - QTRLY NET INTEREST INCOME OF $370 MILLION, UP 3%
* SALLIE MAE - QTRLY PRIVATE EDUCATION LOAN PROVISIONS FOR CREDIT LOSSES, INCLUDING AMOUNTS FOR UNFUNDED COMMITMENTS, WAS $208 MILLION VERSUS $138 MILLION
* SALLIE MAE - SEES FULL-YEAR 2022 DILUTED NON-GAAP "CORE EARNINGS" PER COMMON SHARE OF $2.50 - $2.60
* SALLIE MAE - SEES FULL-YEAR 2022 PRIVATE EDUCATION LOAN ORIGINATIONS YEAR-OVER-YEAR GROWTH OF 9% - 11%
* SALLIE MAE - SEES FULL-YEAR 2022 TOTAL LOAN PORTFOLIO NET CHARGE-OFFS OF $325 MILLION - $345 MILLION
* SALLIE MAE - SEES FULL-YEAR 2022 NON-INTEREST EXPENSES OF $555 MILLION - $565 MILLION
* SALLIE MAE - QTRLY CORE EARNINGS PER SHARE $0.29
* Q3 EARNINGS PER SHARE VIEW $0.48 -- REFINITIV IBES DATA
* FY2022 EARNINGS PER SHARE VIEW $2.65 -- REFINITIV IBES DATA Source text for Eikon: Further company coverage:
