04:15 AM EDT, 04/25/2024 (MT Newswires) -- Sallie Mae (SLM) reported late Wednesday Q1 earnings of $1.27 per diluted share, up from $0.47 per share a year earlier.

Analysts polled by Capital IQ expected $1.10 per share.

Revenue, expressed as the sum of net interest income and non-interest income, for the quarter ended March 31 was $561.2 million, up from $426.8 million a year earlier.

For 2024, the company expects earnings of $2.60 to $2.70 per share. Analysts polled by Capital IQ are expecting $2.72 per share.

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