SLM Reports Q4 Earnings, Misses Expectations

SLM Corp. (SLM) announced fourth-quarter earnings of $111.6 million, translating to earnings per share of 50 cents. These results fell short of analysts' estimates of 54 cents per share.

Adjusted revenue stood at $362.2 million, also below expectations of $371.3 million. Overall revenue reached $661.4 million for the quarter.

For the full year, SLM reported net income of $608.3 million ($2.68 per share) on revenue of $1.48 billion. The company anticipates full-year earnings between $3.00 and $3.10 per share.