SLM Corporation - SLM STOCK NEWS

Sallie Mae (Nasdaq: SLM) reported fourth-quarter GAAP net income of $305 Million or $1.04 per diluted share, matching full-year results of $1.2 Billion or $3.61 per diluted share. Non-GAAP "Core Earnings" also aligned at $306 Million for the quarter and $1.2 Billion for the year. Additionally, the Board approved a new $1.25 Billion share repurchase program and announced an acquisition of Nitro College, enhancing its digital marketing capabilities.

Sallie Mae (Nasdaq: SLM) has announced its acquisition of Nitro College from Epic Research LLC, enhancing its digital marketing and education solutions. This strategic move aims to provide students and families with innovative tools for navigating higher education financing. Nitro's resources, including financial aid tools and calculators, align with Sallie Mae's mission to support college affordability. The deal is expected to close in Q1 2022 and will expand Sallie Mae's market reach and product offerings.

Sallie Mae (Nasdaq: SLM) has announced a 2022 first-quarter dividend of $0.47772 per share for its Preferred Stock Series B and $0.11 per share for its common stock. Both dividends will be distributed on March 15, 2022, to shareholders on record as of March 4, 2022. This commitment reflects the company's confidence in its financial stability and ongoing support for its investors as the leader in private student lending.

The Sallie Mae Fund, in collaboration with Thurgood Marshall College Fund, has awarded 28 scholarships totaling nearly $250,000 through the Bridging the Dream Scholarship Program. This initiative, now in its sixth year, aims to support students from minority and underserved communities. With over 1,800 applications this year, scholarships can reach up to $10,000. The application period is open until Feb. 28, 2022.

Sallie Mae (Nasdaq: SLM) is set to release its fourth-quarter and full-year 2021 financial results on January 26, 2022, after market close. A live webcast and presentation will follow on January 27, 2022, at 8 a.m. ET. Investors can pre-register for the earnings call and access the earnings release via the Investor Relations section on SallieMae.com. The company emphasizes its commitment to financing education and lifelong learning.

Epidemic Sound announces the appointment of Andrew Fisher, former CEO of Shazam, as the new Chairperson of the Board, succeeding Vania Schlogel, who will remain a board director. Fisher's extensive experience in the music technology sector and leadership roles at companies like Rightmove and Marks and Spencer are seen as assets for the company's growth. The recent board expansion, including new directors Kirsten Wolberg and Adrienne Gormley, aims to strengthen the company's position in the creator economy and foster further development.

Sallie Mae Fund announced grants of $125,000 each to Hispanic Association of Colleges and Universities (HACU) and Point Foundation, part of a $4.5 million multi-year commitment to enhance higher education access for minority students. The fund has contributed $500,000 over two years, supporting programs promoting social justice and educational equity. Recognized by HACU for philanthropic efforts, Sallie Mae aims to empower underserved communities through grants and scholarships, ensuring a broader access to higher education opportunities.

Sallie Mae (Nasdaq: SLM) announces that CEO Jon Witter will deliver a presentation at the Stephens Annual Investment Conference on Wednesday, Dec. 1, at 3 p.m. ET. A live audio webcast will be available for attendees, with a replay accessible afterwards. Sallie Mae is a leader in private student lending, committed to enhancing access to education and lifelong learning opportunities. For more details, visit SallieMae.com.

Sallie Mae (Nasdaq: SLM) has appointed Samuel Ramsey to its board of directors, bringing over 30 years of experience in financial services and risk management. Previously, he served as Chief Risk Officer at Chase and Ally Financial, and held executive roles at Bank of America. Chairman Carter Franke stated that Ramsey's expertise will bolster the company's risk and compliance functions, essential for its success. This strategic appointment aims to strengthen leadership in an increasingly complex financial environment.