Earnings release
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sallie mae | News Release For Immediate Release SALLIE MAE REPORTS SECOND - QUARTER 2021 FINANCIAL RESULTS Second - Quarter GAAP Net Income Attributable to Common Stock of $ 139 Million , or $ 0.44 Per Diluted Share ; Second - Quarter " Core Earnings " Attributable to Common Stock of $ 144 Million , or $ 0.45 Per Diluted Share $ 533 Million in Private Education Loans Originated During Quarter Repurchased 23 Million Shares of Common Stock in the Second Quarter of 2021 ; 19 % Reduction in Total Common Stock Outstanding since January 1 , 2021 Exhibit 99.1 NEWARK , Del . , July 21 , 2021 - Sallie Mae ( Nasdaq : SLM ) , formally SLM Corporation , today released second - 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 , July 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 877-311-0518 ( USA and Canada ) or 470-495-9498 ( international ) and use access code 4445949 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 July 29 , 2021 , by dialing 855-859-2056 ( USA and Canada ) or 404-537-3406 ( international ) with access code 4445949 . 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