SLM Corp 8-K, filed Sep 10, 2024
SLM Corp (SLM)
8-K
2024-09-10
For: 2024-09-10
View Original
Added on
April 12, 2026
About this 8-K
SLM Corp filed this 8-K on September 10, 2024.
Items reported
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported): September 10, 2024
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||||||||
(Address of principal executive offices) | (Zip Code) | |||||||||||||
Registrant's telephone number, including area code: (302 ) 451-0200
(Former name or former address, if changed since last report)
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
ITEM 7.01 REGULATION FD DISCLOSURE.
SLM Corporation (the “Company”) frequently provides relevant information to its investors via posting to its corporate website. On or about September 10, 2024, a slide entitled “Sallie Mae — Peak Season Performance — Applications & Originations Update” was made available on the Company’s website at https://www.salliemae.com/investors/webcasts-and-presentations/, and is being furnished herewith as Exhibit 99.1.
The information in this Item 7.01, including Exhibit 99.1 attached hereto and incorporated by reference herein, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section. Furthermore, such information, including such Exhibit, shall not be deemed incorporated by reference into any of the Company’s registration statements, reports, or other filings with the Securities and Exchange Commission, except as expressly set forth by specific reference in such registration statement, report, or other filing.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits
Exhibit Number | Description | |||||||
| 99.1* | ||||||||
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL) | |||||||
| * | Furnished herewith. | ||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| SLM CORPORATION | ||||||||
| Date: September 10, 2024 | By: | /s/ PETER M. GRAHAM | ||||||
| Peter M. Graham | ||||||||
| Executive Vice President, Chief Financial Officer and Treasurer | ||||||||
6% QTD Application Growth Compared to the Same Period in 2023 71% Of QTD Applications are New to Company 91% Cosigner Rate for QTD Approved Applications 752 Average FICO at Approval for QTD Approved Applications2 Peak Season Performance Applications & Originations Update The compressed peak season we expected and planned for is playing out. In a typical peak season cycle, we would begin to see demand trail off as we approach September. Instead, this year we have observed an extension of peak volume with both quarter-to-date application and origination expansion through the month of August compared to the same period last year. $170M $1,339M $1,509M $220M $1,434M $1,654M July August QTD 2023 Originations 2024 Originations PSL Originations QTD +30% +7% Peak Season Compression +10% (1) The information provided is based on third quarter 2024 internal calculations only through August 31, 2024, and is not necessarily indicative of full third quarter 2024 results for SLM Corporation (the “Company”). The Company undertakes no obligation to revise or release any revisions or updates to this information. The Company’s full third quarter 2024 results will be filed with the Securities and Exchange Commission in our Form 10-Q for the third quarter of 2024. (2) Represents the higher credit score of the cosigner or the borrower. Q3 2024 Quarter-to-Date Performance1 Exhibit 99.1