SLM Corp (SLMBP) company profile
Close on Oct 30, 2026Market cap $3.35BP/E 5.0Yield 2.92%
About SLM
Personal Credit Institutions, SIC 6141
SLM Corporation, commonly recognized as Sallie Mae, operates as an education solutions and consumer banking company. The company primarily originates and services private education loans for undergraduate and graduate students and their families to bridge higher education financing gaps. Through Sallie Mae Bank, it also offers FDIC-insured deposit products such as high-yield savings accounts, money market accounts, and certificates of deposit. Additionally, the company provides college planning resources, scholarship search platforms, and program management services.
The company conducts business across the United States, actively partnering on campus with more than 2,100 higher education institutions through its relationship management team. SLM Corporation maintains its principal executive offices in Newark, Delaware. It operates additional office locations in New Castle, Delaware; Salt Lake City, Utah; Indianapolis, Indiana; Newton, Massachusetts; and Sterling, Virginia. Sallie Mae Bank operates under an industrial bank charter in Utah.
Summary of the business section of SLM's latest annual report, written by StockData.
Company profile
Company
- Legal name
- SLM Corp
- Founded
- 2013
- Headquarters
- Newark, DE
- Address
- 300 Continental Drive 19713
- Phone
- (302) 283-8000
- Website
- salliemae.com
- Employees
- 1,788, Dec 31, 2025
- Industry
- Personal Credit Institutions
- Incorporated in
- Delaware
- Fiscal year ends
- December 31
- Auditor
- KPMG LLP, McLean, Virginia
Stock & identifiers
- Ticker
- SLMBP
- Other tickers
- SLM
- Exchange
- Nasdaq
- IPO date
- Sep 23, 1983
- Shares outstanding
- 188M, Jun 30, 2026
- Public float
- $6.80B, Jun 30, 2025
- Filer category
- Large accelerated filer
- Stock splits
- 3-for-1, Jun 23, 2003; 7-for-2, Jan 5, 1998; 5-for-2, Jul 3, 1989
- SEC CIK
- 1032033
- CUSIP
- 78442P106
- ISIN
- US78442P1066
- LEI
- 4K8SLPBF5DXXGPW03H93
- EIN
- 52-2013874
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Jonathan W. Witter | CEO, Director | 1,558,878 |
| Steven Allen Turner | EVP, Chief Tech. & Enablement | 54,653 |
| Nicolas Jafarieh | EVP -Legal, Govt, Comm Officer | 280,965 |
| Peter M. Graham | EVP, CFO | 152,338 |
| Kerri A. Palmer | EVP, Chief Operational Officer | 169,037 |
| Munish Pahwa | EVP & Chief Risk Officer | 84,743 |
| Donna F. Vieira | EVP & Chief Commercial Officer | 179,359 |
| Christopher T. Leech | Director | 20,897 |
| Henry F. Greig | Director | 17,954 |
| Richard Scott Blackley | Director | 42,743 |
| Mark L. Lavelle | Director | 86,839 |
| Mary Carter Warren Franke | Director | 111,998 |
| Janaki Akella | Director | 19,946 |
| Kirsten O. Wolberg | Director | 81,690 |
| James D. Matheson | Director | 111,837 |
| Vivian C. Schneck-Last | Director | 98,945 |
| Gary Millerchip | Director | 12,747 |
| Ted Manvitz | Director | 76,041 |
| Daniel Greenstein | Director | 12,747 |
| Robert S. Strong | Director | 35,195 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 | $11.26M | $8.24M | $2.88M | $242 | $279 |
| FY2024 Mr. Witter | $11.80M | $25.24M | $2.98M | $243 | $213 |
| FY2024 Mr.Witter | $11.80M | $25.24M | $2.98M | $243 | $213 |
| FY2024 Raymond J.Quinlan | $0 | $0 | $2.98M | $243 | $213 |
| FY2023 Mr. Witter | $9.40M | $14.46M | $2.65M | $165 | $141 |
| FY2023 Mr.Witter | $9.40M | $14.46M | $2.65M | $165 | $141 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Executive compensation, fiscal 2025
Summary compensation table from the latest proxy statement
| Executive | Salary | Stock awards | Incentive pay | Other | Total | vs. prior year |
|---|---|---|---|---|---|---|
| Jonathan W. Witter Chief Executive Officer | $1.10M | $8.44M | $1.67M | $44.74K | $11.26M | -5% |
| Peter M. Graham Co-President and Chief Financial Officer | $580.00K | $1.90M | $826.50K | $43.75K | $3.35M | +1% |
| Kerri A. Palmer Co-President and Head of Financial Services and President of Sallie Mae Bank | $566.50K | $1.45M | $807.26K | $46.95K | $2.87M | -11% |
| Donna F. Vieira Former Executive Vice President and Chief Commercial Officer | $535.55K | $1.32M | $763.15K | $42.50K | $2.66M | -6% |
| Nicolas Jafarieh Executive Vice President and Chief Legal, Government Affairs, and Communications Officer | $504.00K | $1.11M | $976.50K | $45.07K | $2.63M | +4% |
Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.
Employees
Headcount reported in annual reports
“As of December 31, 2025, we had approximately 1,788 team members, all located in the United States.”
Corporate history
Events identified from SEC filings