Latest news with #SLM
Yahoo
25-07-2025
- Business
- Yahoo
Sallie Mae Q2 Earnings Miss Estimates, Expenses & Provisions Rise Y/Y
Sallie Mae SLM reported second-quarter 2025 earnings per share (EPS) of 32 cents, which missed the Zacks Consensus Estimate of 49 cents. The bottom line declined from the prior-year quarter's EPS of $1.11. The quarterly results were affected by higher provisions for credit losses, a fall in non-interest income and a rise in expenses. Nonetheless, a rise in net interest income (NII) was positive. The company's GAAP net income was $71 million compared with $252 million in the prior-year quarter. Sallie Mae's NII & Expenses Rise Second-quarter NII totaled $376.8 million, up 1.2% year over year. The reported figure beat the Zacks Consensus Estimate by 0.5%. The quarterly net interest margin was 5.31%, which shrank 5 basis points from the prior-year quarter. Non-interest income amounted to $26.8 million, down from $141.8 million in the year-ago quarter. Non-interest expenses rose 5.5% year over year to $167.2 million. SLM's Credit Quality Deteriorates Provision for credit losses was $148.7 million, up from $16.8 million in the prior-year quarter. Net charge-offs for private education loans were $94 million, up 17.5% year over year. Private education loans held for investment net charge-offs, as a percentage of average private education loans held for investment in repayment (annualized), were 2.36%. The figure expanded 17 basis points year over year. Sallie Mae's Balance Sheet Position Improves As of June 30, 2025, deposits were $20.5 billion, up 2% sequentially. Private education loans held for investment were $21.2 billion, up 14.8% from the prior-year quarter. In the reported quarter, the company's private education loan originations declined marginally from the year-ago quarter to $686 million. SLM's Share Repurchase Update In the second quarter, SLM repurchased 2.4 million shares for $70 million under its 2024 share buyback program. Sallie Mae's 2025 Outlook Reaffirmed The company expects diluted earnings per share of $3.00-$3.10. SLM anticipates total loan portfolio net charge-offs as a percentage of average loans in repayment of 2-2.2%. Private education loan originations are expected to grow 6-8% year over year. SLM's non-interest expenses are expected to be $655-$675 million. Final Thoughts on SLM Sallie Mae's overall financial performance seems decent. Robust loan origination and a rise in net interest income are encouraging. However, a rise in provisions for credit losses is a major near-term headwind. SLM Corporation Price, Consensus and EPS Surprise SLM Corporation price-consensus-eps-surprise-chart | SLM Corporation Quote Currently, SLM carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Performances of Other Banks Hancock Whitney Corp.'s HWC second-quarter 2025 adjusted earnings per share of $1.37 exceeded the Zacks Consensus Estimate of $1.34. The bottom line rose 4.6% from the prior-year quarter. HWC's results benefited from an increase in non-interest income and NII. Also, higher loans were another positive. However, higher adjusted expenses and provisions alongside lower deposit balances were headwinds. Bank OZK's OZK second-quarter 2025 earnings per share of $1.58 surpassed the Zacks Consensus Estimate of $1.51. Moreover, the bottom line reflected a rise of 3.9% from the prior-year quarter's actual. Overall, OZK's results benefited from a rise in NII and non-interest income, and lower provisions. Also, higher loans and deposit balances were other positives. However, higher non-interest expenses acted as spoilsports. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report SLM Corporation (SLM) : Free Stock Analysis Report Hancock Whitney Corporation (HWC) : Free Stock Analysis Report Bank OZK (OZK) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Business News Wales
17-07-2025
- General
- Business News Wales
Coed Cadw Welcomes Launch of Wales' Sustainable Farming Scheme
Coed Cadw, the Woodland Trust in Wales, has expressed cautious optimism at the upcoming launch of the Welsh Government's Sustainable Farming Scheme (SFS), describing it as a necessary first step in a far longer journey towards a just transition for the people of Wales. It said the SFS marks a significant policy shift in the way land management for public goods is supported in Wales. Whilst more work is needed to fully realise the scheme's potential to deliver on nature, climate, and social ambitions, Coed Cadw said it welcomed the collaborative approach taken during its development and sees it as a crucial foundation for sustainable land use in the years ahead. The charity has been a longstanding contributor to the scheme's evolution, engaging with farmers, environmental partners, and policymakers to help ensure the scheme reflects Sustainable Land Management (SLM) principles. Over the past year, Coed Cadw has seen a positive shift in how stakeholders engage with the scheme's design, and a growing coalition across sectors of organisations and individuals who are committed to ensuring the scheme delivers for people, nature, and climate. Coed Cadw is particularly encouraged by the inclusion of Universal Action 10, which aims to encourage tree and woodland planting tailored to individual farm businesses through the creation of Tree & Woodland Planting Opportunity Plans – the delivery of which will be enabled through financial support in the Optional and Collaborative tiers – meaning farmers can decide how much and where planting is to take place. This farmer-led approach reflects a growing recognition that trees are not in conflict with productivity, but more often than not, enhance business resilience. 'Integrated approaches such as hedgerows, in-field trees, agroforestry, and woodland grazing have the potential to deliver a wide range of benefits without removing land from food production,' Kylie Jones Mattock, Director at Coed Cadw said. 'These measures can improve soil health, boost biodiversity, provide shelter and shade for livestock, and help protect against the impacts of increasingly extreme weather.' The SFS also proposes payments for areas of maintained woodland and natural habitats, which Coed Cadw views as a welcome shift from previous schemes which often excluded wooded areas from financial support. Incentives for early adopters of tree planting and hedgerow creation are seen as another step in the right direction. Coed Cadw emphasises, however, that the scheme must go further if it is to meet its full potential and deliver the additional benefits for nature and climate that are so desperately needed. The charity is calling for robust governance, regular monitoring, and a significant uplift in funding for the scheme's Optional and Collaborative layers — the areas that offer the greatest returns for biodiversity, climate resilience, and public benefit. Additional investment, including blended finance models, will be essential to ensure these elements maximise social, environmental and economic benefits from land management in Wales. Kylie added: 'We welcome the recognition by the Welsh Government that sustainable land management delivers vital public goods—such as clean air and water, carbon storage, and cultural and community wellbeing. Framing these outcomes as a 'social benefit' payment is important, as it reflects the interconnected value of land, people, and place. These are not isolated outputs, but the result of a reciprocal relationship between farmers, nature and society. We would encourage the Welsh Government to continue exploring how sustainable farming contributes across public policy areas, and to ensure that future investment reflects the full value of these contributions. 'By framing this as a 'social benefit' payment, it is vital we retain a clear understanding that these benefits are not isolated outputs but emerge from the reciprocal relationship between land, community, and ecological wellbeing. These dimensions are not separate—they are deeply interconnected. We would encourage the Welsh Government to continue exploring how sustainable land management can contribute across multiple areas of public policy, and to ensure that funding for these benefits is appropriately resourced across departments to reflect their broad and lasting value.'
Business Wire
10-06-2025
- Automotive
- Business Wire
Syncron and Ducker Carlisle Launch New Offering to Help OEMs Navigate Tariff Turbulence
STOCKHOLM & DETROIT--(BUSINESS WIRE)--Syncron, a global leader in intelligent Service Lifecycle Management (SLM) solutions, and Ducker Carlisle, a U.S.-based global market research, strategy consulting and M&A advisory firm, today announced the AI-Enabled Price Tariff Response program, a joint offering to help complex equipment manufacturers adjust their aftermarket pricing strategies in response to new and shifting tariffs. Manufacturers in agriculture, automotive, construction and mining, and industrial and heavy machinery must mitigate unpredictable supply chain costs without impacting customer loyalty or profitability. That's why Syncron and Ducker Carlisle are introducing the AI-Enabled Price Tariff Response program: to help manufacturer understand tariff exposure, stay competitive with pricing, and mitigate risk with a tailored strategy that allows to them to execute now and in the future. 'Our customers are facing an unprecedented wave of tariff shifts that threaten service margins and long-term customer relationships,' said Rob Joseph, VP of Partnerships at Syncron. 'By teaming up with Ducker Carlisle, we're helping manufacturers intelligently respond to market volatility, rather than simply reacting to it. This joint program reinforces our commitment to helping OEMs turn aftermarket services into a source of resilience and growth.' The AI-Enabled Price Tariff Response program combines Syncron's advanced AI-powered pricing tools with Ducker Carlisle's deep domain expertise in aftermarket strategy. Ducker Carlisle will consult with each manufacturer to develop customized cost scenarios segmented by geography and item and that consider competitor activity. These scenarios will then be simulated and analyzed within Syncron Price to let customers adjust spare parts pricing with precision, protecting margins without alienating customers or driving them toward gray market alternatives. By the end of the engagement, manufacturers will have a clear strategy for handling tariff policy changes and be as insulated as possible from supply chain cost increases. 'Tariff policy changes are disrupting traditional pricing structures across the aftermarket landscape,' said Gene Metheny, Managing Principal at Ducker Carlisle. 'Our collaboration with Syncron gives manufacturers a clear, actionable roadmap for navigating this complexity and the tools and data they need to guide their businesses forward with confidence.' Contact your Syncron account manager to learn more. About Syncron Syncron helps manufacturers and distributors capitalize on the new service economy by increasing customer loyalty and optimizing aftermarket profitability. Syncron's integrated, scalable, state-of-the-art Service Lifecycle Management (SLM) cloud platform puts data at the heart of aftermarket operations to unlock service synergies, significant revenue opportunities and help companies differentiate themselves with exceptional aftermarket customer experiences. The world's top brands trust Syncron, making it the largest privately-owned global leader in intelligent SLM SaaS solutions. For more, visit About Ducker Carlisle Ducker Carlisle is a global market research, strategy consulting and M&A advisory firm that helps many of the world's largest companies and private equity firms optimize business performance and accelerate growth across complex markets. Founded in 1961 with offices across North America, Europe and Asia, the firm provides a unique continuum of services to deliver custom, industry-centric solutions enabling clients to maximize business results. For more information, visit Ducker Carlisle I Twitter I LinkedIn
Yahoo
24-04-2025
- Business
- Yahoo
Sallie Mae: Q1 Earnings Snapshot
NEWARK, Del. (AP) — NEWARK, Del. (AP) — SLM Corp. (SLM) on Thursday reported first-quarter earnings of $304.5 million. On a per-share basis, the Newark, Delaware-based company said it had profit of $1.40. The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.19 per share. The student loan company posted revenue of $862.1 million in the period. Its adjusted revenue was $375 million, which also beat Street forecasts. Three analysts surveyed by Zacks expected $359.7 million. Sallie Mae expects full-year earnings to be $3 to $3.10 per share. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on SLM at Sign in to access your portfolio
Yahoo
08-04-2025
- General
- Yahoo
Wheelchair donation
Apr. 7—MIDLAND — Senior Life Midland (SLM) for 40 plus years has served our most vulnerable, our homebound seniors through an array of services from delivering a hot, nutritious meal, which includes a visit from a caring volunteer, providing handyman services to ensure clients are safe, providing needed additional items such personal hygiene items, additional food, even wheelchairs when available. On April 8, a longtime supporter, American Legion Auxiliary Unit 19, Midland will donate and deliver 28 wheelchairs to Senior Life Midland at 1:30 p.m. During January, SLM's Community Volunteer Program (CVP) hosted an MLK Day project to collect donations to purchase much needed wheelchairs as the need has grown. A wheelchair enables physically limited individuals to increase their independence, whether they are in their homes or when they are being taken to an appointment, a news release said. "Senior Life Midland is one of our favorite and most trusted partners as they work hard to meet needs of seniors in our community and through their agency serve many of our veterans. We work together all throughout the year on important projects, when we saw their urgent call to action for a request for wheelchairs, we wanted to step up to help. We are so proud of our unit and our hard work to be able to do important things like this," Jane Bennett, President of the local American Legion Unit 19, said in the release. Executive Director of Senior Midland, Kathleen Kirwan Haynie, is \thankful for community partners like The American Legion Auxiliary. "We assess the ongoing, evolving local needs of our local seniors, and through grassroots efforts, we are able to help our elderly neighbors no matter what is going on in our economy," she said.
