SLM Swings to Q3 Loss as Revenue Falls; Shares Drop After Hours

05:06 PM EDT, 10/22/2026 (MT Newswires) -- SLM (SLM) reported a Q3 net loss late Thursday of $0.19 per diluted share, swinging from earnings of $0.63 a year earlier. Analysts polled by FactSet expected earnings of $0.26. Revenue in the three months ended Sept. 30, expressed as the sum of net interest income and total noninterest income, fell to $375 million from $546 million a year earlier. Analysts expected $453.3 million. The company slashed its full-year EPS guidance to $1.95 to $2.05 from its prior forecast of $3.10 to $3.20. Analysts project $3.12. SLM shares fell 4.4% in after-hours trading.