October 16, 2017 9:00 PM ET

Consumer Finance

Company Overview of Sallie Mae Bank

Company Overview

Sallie Mae Bank provides higher education loans to students and their families in the United States. It offers personal finance, including private education loans, Upromise rewards, scholarship search, college financial planning tools, and online retail banking services. The company was founded in 2005 and is based in Salt Lake City, Utah. Sallie Mae Bank operates as a subsidiary of SLM Corporation.

175 South West Temple

Suite 600

Salt Lake City, UT 84101

United States

Founded in 2005

Phone:

317-570-7397

Fax:

800-627-7532

Key Executives for Sallie Mae Bank

President, Chief Administration Officer of SLM Corporation and Executive VP of SLM Corporation
Age: 66
Director, Chairman of SLM Corporation and Chief Executive Officer of SLM Corporation
Age: 65
Executive VP of SLM Corp, General Counsel of SLM Corp and Corporate Secretary of SLM Corp
Age: 57
Compensation as of Fiscal Year 2017.

Sallie Mae Bank Key Developments

Sallie Mae Announces Earnings Results for the Second Quarter and Six Months Ended June 30, 2017; Provides Earnings Guidance for the Year 2017

Sallie Mae announced earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported that net income attributable to the common stock was $66.64 million, or $0.15 per share, compared to $51.96 million, or $0.12 per share, for the same quarter ended June 30, 2016. Net interest income after provisions for credit losses for the second quarter ended June 30, 2017 was $219.68 million, compared to $170.97 million for the same quarter ended June 30, 2016. Net income attributable to common stock for the six months ended June 30, 2017 was $156.01 million, or $0.35 per diluted share, compared to $112.74 million, or $0.26 per diluted share, for the same period ended June 30, 2016. Net interest income after provisions for credit losses for the six months ended June 30, 2017 was $462.46 million, compared to $348.23 million for the same period ended June 30, 2016. For 2017, the company expects diluted core earnings per share to be in the range of $0.71 and $0.72.

Sallie Mae Bank Presents at The Event for CX Innovators in Financial Services, Jul-18-2017 12:25 PM

Sallie Mae Bank Presents at The Event for CX Innovators in Financial Services, Jul-18-2017 12:25 PM. Venue: Renaissance Boston Waterfront, Boston, Massachusetts, United States. Speakers: Valeska O'Leary, Director of User Experience, Digital Strategy.

Sallie Mae Bank Appoints Kirsten O. Wolberg to Board of Directors

Sallie Mae has announced the appointment of Kirsten O. Wolberg to its board of directors, effective immediately. Wolberg has also been appointed to the board of directors of Sallie Mae Bank. Wolberg currently serves as vice president of talent at PayPal. Wolberg also played an instrumental role in the separation of eBay Inc. and PayPal into two independent companies and was responsible for the chief operating functions for PayPal Technology.

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