SLM Corp (NASDAQ:SLMBP) Q4 2014 Earnings Conference Call - Final Transcript
Jan 22, 2015 • 08:00 am ET
want to be conservative as we won't be doing our first transaction until the beginning of the second quarter, and as we all know markets can be particularly volatile.
So, we will do a transaction early in the second quarter, and then we will look to do another transaction in the late third quarter. We have these transactions penciled in at $750 million worth of loan sales. And here it's important to remember that these loan sales are sensibly to manage our balance sheet in the early days of our operations here as an independent bank within Sallie Mae's DNA to hold these loans on our balance sheet, but with that being said, we will take advantage and toggle ourselves up and down if it looks like we could receive a larger premium in the market for these sales in 2015.
We expect the provision as has already discussed to be between a $116 million and $130 million for the year, as we reserve for growing portfolio of loans that's entering full repayment. And just to repeat as Ray mentioned, we expect our EPS to be between $0.48 and $0.50. That concludes my prepared remarks, and operator we will now be happy
to take any questions that are in queue.