SLM Corp 8-K

What Happened

• SLM Corporation (Sallie Mae) reported its financial results for the quarter and year ended December 31, 2025, and made a press release and an earnings presentation available on SallieMae.com/Investors (furnished as Exhibits 99.1 and 99.2 to the 8‑K) on January 22, 2026.
• On the same date the Company announced that its Board authorized a new 2026 Share Repurchase Program allowing repurchases of up to $500 million of outstanding common stock, to commence January 22, 2026.

Key Details

• Financial results for Q4 and full-year 2025 were disclosed on January 22, 2026 (press release and presentation available online and attached as Exhibits 99.1/99.2).
• New buyback: Board authorized up to $500 million under the 2026 Share Repurchase Program, beginning Jan 22, 2026; expected to be completed over ~24 months, ending Feb 4, 2028.
• Existing program: The 2024 Share Repurchase Program (authorized Jan 23, 2024) with $650 million capacity remains open and may be used until it expires on Feb 6, 2026; together the authorizations total $1.15 billion in capacity across the two programs.
• Repurchases may occur via tender offers, open market purchases, accelerated repurchases, negotiated/block purchases, and/or pursuant to trading plans (including Rule 10b5‑1 and Rule 10b‑18 plans). Timing, amount and execution are at management’s discretion and depend on market price, market/economic conditions, legal and debt agreements. The Company may suspend or discontinue the programs at any time; authorization is not a guarantee of repurchases.
• The earnings materials and buyback announcement were furnished under Items 2.02, 7.01 and 8.01 and are furnished (not “filed”) under Section 18 of the Exchange Act.

Why It Matters

• The filing gives investors the official Q4 and full-year 2025 results and related investor materials for assessing the company’s recent performance.
• The $500 million buyback authorization (alongside the open $650 million program) signals management’s intent to return capital to shareholders and could reduce share count if executed, which can be supportive of earnings per share — but repurchases are subject to market conditions, legal constraints and are not guaranteed.
• Investors should review the posted press release and earnings presentation for the actual revenue, earnings and other financial metrics disclosed on Jan 22, 2026 to evaluate trends and capital allocation priorities.