Earnings release
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sallie mae News Release For Immediate Release SALLIE MAE REPORTS FIRST - QUARTER 2021 FINANCIAL RESULTS First - Quarter GAAP Net Income Attributable to Common Stock of $ 640 Million , or $ 1.75 Per Diluted Share ; First - Quarter " Core Earnings " Attributable to Common Stock of $ 648 Million , or $ 1.77 Per Diluted Share Completed $ 3.16 Billion in Private Education Loan Sales During the Quarter Resulting in a $ 399 Million Gain Repurchased 49 Million Shares of Common Stock in the First Quarter of 2021 Exhibit 99.1 NEWARK , Del . , Apr. 21 , 2021 - Sallie Mae ( Nasdaq : SLM ) , formally SLM Corporation , today released first - quarter 2021 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 , Apr. 22 , 2021 , at 8 a.m. ET . 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 9165416 starting at 7:45 a.m. ET . A replay of the conference call will be available approximately two hours after the call's conclusion and will remain available through May 6 , 2021 , by dialing 855-859- 2056 ( USA and Canada ) or 404-537-3406 ( international ) with access code 9165416 . 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