Quarterly Highlights
- GAAP diluted EPS of $1.48
- Core diluted EPS of $1.52
- Private education loan originations of $2.8 billion
- Net interest margin of 5.42%
Business Update
Private education loan originations were $2.8 billion in the quarter, up 8% year-over-year. The increase reflected strong demand for private student loans as education costs continue to rise and federal loan limits remain fixed.
Credit Performance
Credit quality metrics remained favorable. Private education loans in repayment more than 90 days past due were 1.2% of loans in repayment. Net charge-offs were 2.1% on an annualized basis.
CEO Commentary
“Our fourth quarter results demonstrate the strength of our franchise and the growing opportunity in private education lending,” said Jon Witter, CEO. “We are well-positioned to serve students and families while delivering attractive returns for shareholders.”
2026 Outlook
For 2026, the company expects private education loan originations of $7.5 to $8.0 billion and diluted EPS of $2.80 to $3.00.