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Stock Market & Financial Investment News

News Breaks
July 23, 2014
17:23 EDTSLMSallie Mae reports Q2 adjusted EPS 10c, consensus 10c
Provision for loan losses was $1M. Loan originations of $373M were up 3% for the quarter. Deposits at Sallie Mae Bank totaled $9.5B at June 30, with the increase primarily driven by an increase in money market accounts. Operating expenses were $75M in Q2, including $14M of reorganization expenses. The company reported a Tier 1 leverage ratio of 11.6%, and a Tier 1 risk-based capital ratio of 15.2%.
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