SLM Corp. (NASDAQ:SLM) Q2 2023 Earnings Conference Call July 27, 2023 8:00 AM ET
Company Participants
Melissa Bronaugh - VP & Head, IR
Jonathan Witter - CEO & Director
Steven McGarry - EVP & CFO
Conference Call Participants
Jeffrey Adelson - Morgan Stanley
Richard Shane - JPM
Michael Kaye - Wells Fargo
Steven Kwok - KBW
Arren Cyganovich - Citi
Operator
Hello. And thank you for standing by. Welcome to Sallie Mae Second Quarter 2023 Earnings Conference Call. [Operator Instructions].
I would now like to hand the conference over to Melissa Bronaugh. Ma’am the floor is open.
Melissa Bronaugh
Thank you, Towanda. Good morning, and welcome to Sallie Mae's Second Quarter 2023 Earnings Call. It is my pleasure to be here today with Jon Witter, our CEO; and Steve McGarry, our CFO. After the prepared remarks, we will open the call up for questions.
Before we begin, keep in mind our discussion will contain predictions, expectations and forward-looking statements. Actual results in the future may be materially different from those discussed here. This can be due to a variety of factors. Listeners should refer to the discussion of those factors on the company's Form 10-Q and other filings with the SEC. For Sallie Mae, these factors include, among others, results of operations, financial conditions and/or cash flows as well an any potential impact of the COVID-19 pandemic on our business.
During this conference call, we will refer to non-GAAP measures we call our core earnings. A description of core earnings, a full reconciliation to GAAP measures and our GAAP results can be found in Form 10-Q for the quarter ended June 30, 2023. This is posted along with the earnings press release on the Investors page at salliemae.com.
Thank you. And now I'll turn the call over to Jon.
Jonathan Witter
Thank you, Melissa and Towanda. Good morning, everyone. Thank you for joining us today to discuss Sallie Mae's second quarter 2023 results. I'm pleased to report on a successful quarter and continued progress towards our 2023 goals. I hope you'll take away three key messages today. First, we delivered strong results in the second quarter and first half of the year. Second, we are well positioned to deliver solid results for the year by continuing to drive our core business and serve our customers. And third, we have a resilient business model that should drive results, even if some headwinds materialize related to the resumption of federal loan payments or other macroeconomic conditions.