Exhibit 99.1
smbl.jpg
 
 
 
News Release
 
For Immediate Release

SALLIE MAE REPORTS SECOND-QUARTER 2019 FINANCIAL RESULTS

Second-Quarter GAAP Net Income Attributable to Common Stock of $146 Million,
or
$0.34 Per Diluted Share

Private Education Loan Originations of $532 Million

Second-Quarter “Core Earnings” Net Income Attributable to Common Stock of $132 Million,
or
$0.31 Per Diluted Share

NEWARK, Del., July 24, 2019
- Sallie Mae (Nasdaq: SLM), formally SLM Corporation, today released second-quarter 2019 financial results. Highlights of those results are included in the attached supplement. Complete financial results are available at www.SallieMae.com/investors.

Sallie Mae will host an earnings conference call tomorrow, July 25, 2019, at 8 a.m. EDT. Executives will be on hand to discuss various highlights of the quarter and to answer questions related to Sallie Mae’s performance. To participate, dial 877-356-5689 (USA and Canada) or 706-679-0623 (international) and use access code 4558985 starting at 7:45 a.m. EDT. A replay of the conference call will be available approximately two hours after the call’s conclusion and will remain available through Aug. 8, 2019, by dialing 855-859-2056 (USA and Canada) or 404-537-3406 (international) with access code 4558985.

A live audio webcast of the conference call and presentation slides may be accessed at www.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 know-how to support access to college and offer products and resources to help customers make new goals and experiences, beyond college, happen. Learn more at SallieMae.com. Commonly known as Sallie Mae, SLM Corporation and its subsidiaries are not sponsored by or agencies of the United States of America.
Contacts:
Media
Rick Castellano, 302-451-2541, Rick.Castellano@SallieMae.com

Investors
Brian Cronin, 302-451-0304, Brian.Cronin@SallieMae.com



The following information was filed by Slm Corp (SLM) on Wednesday, July 24, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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