SLM Holding Corp., the parent of Sallie Mae, said Thursday that fourth-quarter earnings rose 3% compared to the same period last year.

The company reported net income of $110 million, or 66 cents per diluted share, for the three months ended Dec. 31. For the year, the company earned $501 million, or $2.95 per diluted share, a 2% drop from 1997.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.