Earnings Call Summary | SLM Corp(SLM.US) Q1 2024 Earnings Conference
Earnings Call Summary | SLM Corp(SLM.US) Q1 2024 Earnings Conference
The following is a summary of the SLM Corporation (SLM) Q1 2024 Earnings Call Transcript:
以下是SLM公司(SLM)2024年第一季度業績電話會議記錄的摘要:
Financial Performance:
財務業績:
SLM Corporation reported an increase in GAAP diluted EPS of $1.27 in Q1 2024, a rise from $0.47 in the same period in 2023.
The company noted a 6% increase in loan originations, up to $2.6 billion in Q1 2024.
Net private education loan charge-offs decreased by 29 basis points from the last quarter of 2023 to $83 million, a figure better than anticipated.
Though the company recorded a decline in net interest income of 4%, generating $387 million in the first quarter of 2024.
There was a significant $2.1 billion loan sales execution, contributing to a gain of $143 million.
SLM Corporation continued with its stock buyback program, purchasing 1.3 million shares at an average cost of $20.32.
SLM Corporation報告稱,2024年第一季度按公認會計准則攤薄每股收益增長1.27美元,高於2023年同期的0.47美元。
該公司指出,貸款發放量增長了6%,到2024年第一季度達到26億美元。
與2023年最後一個季度相比,私人教育貸款淨扣除額下降了29個點子,至8300萬美元,這一數字好於預期。
儘管該公司的淨利息收入下降了4%,在2024年第一季度創造了3.87億美元的收入。
執行了21億美元的巨額貸款,帶來了1.43億美元的收益。
SLM Corporation繼續其股票回購計劃,購買了130萬股股票,平均成本爲20.32美元。
Business Progress:
業務進展:
SLM Corporation showed improved credit metrics during Q1 2024, maintaining a positive trend that had begun in 2023.
The company successfully reduced delinquency rates from 3.1% in Q1 2023 to 2.7% in Q1 2024.
There's a plan to sell more loans in 2024, with the volume and timing being guided by market conditions and balance sheet growth targets.
Due to a key competitor's recent market exit, growth opportunities are anticipated.
Reaffirmation of the 2024 guidance was done, owing to the positive performance trends.
The company's focus on its loan modification program resulting in reduced delinquencies.
With a more programmatic buyback program this year, additional opportunities are expected as the year progresses.
SLM公司在2024年第一季度顯示信貸指標有所改善,保持了自2023年開始的積極趨勢。
該公司成功地將拖欠率從2023年第一季度的3.1%降低到2024年第一季度的2.7%。
計劃在2024年出售更多貸款,其數量和時機以市場狀況和資產負債表增長目標爲指導。
由於主要競爭對手最近退出市場,預計會有增長機會。
由於業績趨勢良好,對2024年的指導方針進行了重申。
該公司專注於貸款修改計劃,從而減少了拖欠款項。
隨着今年更具計劃性的回購計劃,隨着時間的推移,預計還會有更多的機會。
More details: SLM Corp IR
更多詳情: SLM Corp IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。