SLM Corporation - Floating Rate (SLMBP) Stock Analysis
Financial Services · Credit Services
Sell if holding. Momentum 4.5/10 is below the 5.0 floor at $74.95 — engine's falling-knife protection flags exit rather than catching a breakdown. Specifics: Leverage penalty (D/E 2.5): -1.5; Concentration risk — Loan Portfolio: Private Education Loans (71.0%).
SLM Corporation (Sallie Mae) is the largest private student loan lender, originating $7.4B of Private Education Loans in 2025 and holding a $20.3B portfolio at year-end. Funded primarily via $21.5B in deposits at Sallie Mae Bank; serves 2,100+ higher education institution... Read more
Sell if holding. Momentum 4.5/10 is below the 5.0 floor at $74.95 — engine's falling-knife protection flags exit rather than catching a breakdown. Specifics: Leverage penalty (D/E 2.5): -1.5; Concentration risk — Loan Portfolio: Private Education Loans (71.0%). Chart setup: No clear chart pattern; technical signals are mixed. Score 4.8/10, high confidence.
Passes 5/8 gates (clean insider activity, news events none recent, earnings proximity no date, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum. Suitability: moderate.
About SLM Corporation - Floating Rate
About SLM Corporation - Floating Rate
Sallie Mae Bank reported $29.7 billion in total assets at December 31, 2025, including $20.4 billion in Private Education Loans net, funded by $21.5 billion in deposits and $4.9 billion in outstanding asset-backed securities representing 24 percent of the total loan portfolio. SLM Corporation originated $7.4 billion in Private Education Loans during 2025, a 6 percent increase from 2024, serving more families than any other private student loan lender. The Bank is regulated by the Utah Department of Financial Institutions, the FDIC, and the Consumer Financial Protection Bureau.
SLM's revenue comes almost entirely from net interest income on its Private Education Loan portfolio, funded through a combination of FDIC-insured deposit products and asset-backed securities. The Smart Option Student Loan — available in interest-only, fixed-payment, and deferred repayment options — is the primary product, with more than half of 2025 originations using in-school payment options. The company competes with Citizens Financial Group, PNC Bank, SoFi Technologies, and College Ave. About 16 percent, or $1.25 billion, of 2025 originations were for students at for-profit institutions. Approximately 92.8 percent of loans originated in 2025 were cosigned, and the average FICO at approval was 755.
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SLM faces an evolving regulatory landscape: H.R.1, signed in July 2025, eliminates Grad PLUS loans and caps Parent PLUS at $20,000 annually and $65,000 lifetime per student, effective July 1, 2026. The company anticipates these caps will increase Private Education Loan demand, particularly for graduate students, though the same legislation may attract new competitors and FinTechs into the market. The Bank's capital ratios are subject to mandatory minimums enforced by the FDIC, with failure to meet them potentially triggering mandatory supervisory actions.
See also: Financial Services · Credit Services
From SLM Corporation - Floating Rate's most recent 10-K filing, extracted June 11, 2026.
Thesis
Key Metrics
Quality Signals
Concentration Risks(10-K Item 1A)
- HIGHloan_portfolioPrivate Education Loans71%10-K Item 1A: 'approximately 71 percent of our total assets, and 83 percent of our total assets excluding cash and cash equivalents, were comprised of Private Education Loans'
- MEDIUMloan_portfolioonline deposit funding concentration10-K Item 1A: 'Our deposit funding base is primarily concentrated in online deposit products, including high-yield savings accounts, money market accounts, and certificates of deposit'
Material Events(8-K, last 90d)
- 2026-04-27Item 5.02LOWPeter Graham (CFO) and Kerri Palmer (COO) appointed as Co-Presidents of SLM Corporation effective April 22, 2026. Graham retains CFO title; Palmer becomes Co-President and Head of Financial Services. No departures.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
3 floor-breakers
Priced at a premium — multiples above sector norms. Needs delivery on growth + margins to justify.static
Growth below the gate floor. Component breakdown shows what dragged the score down.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Momentum 4.5/10 is below the 5.0 floor at $74.95 — engine's falling-knife protection flags exit rather than catching a breakdown. Specifics: Leverage penalty (D/E 2.5): -1.5; Concentration risk — Loan Portfolio: Private Education Loans (71.0%). Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $74.24. Score 4.8/10, high confidence.
Take-profit target: $73.58 (-1.8% upside). Prior stop was $74.24. Stop-loss: $74.24.
Concentration risk — Loan Portfolio: Private Education Loans (71.0%); Leverage penalty (D/E 2.5): -1.5; Weak overall score: 4.8/10.
SLM Corporation - Floating Rate trades at a P/E of 35.0 (forward N/A). TrendMatrix value score: 3.5/10. Verdict: Sell.
15 analysts cover SLMBP with a consensus score of 3.8/5.
What does SLM Corporation - Floating Rate do?SLM Corporation (Sallie Mae) is the largest private student loan lender, originating $7.4B of Private Education Loans...
SLM Corporation (Sallie Mae) is the largest private student loan lender, originating $7.4B of Private Education Loans in 2025 and holding a $20.3B portfolio at year-end. Funded primarily via $21.5B in deposits at Sallie Mae Bank; serves 2,100+ higher education institution partners. SLMBP is the Floating Rate Non-Cumulative Preferred Stock, Series B of the same issuer.