Student Loan Corp. (STU) reported that its fourth-quarter net income increased to $38.08 million or $1.90 per share from $12.31 million or $0.62 per share last year.
Net interest income increased to $74.57 million from $46.94 million a year ago.
Fiscal 2009 net income increased to $125.67 million or $6.28 per share from $73.43 million or $3.67 per share a year ago.
Net interest income was $277.65 million compared to $331.30 million prior year.
The company also announced that its Annual Meeting of Shareholders would be held on May 13, 2010. A record date of March 15, 2010 has been established to determine shareholders entitled to vote at the meeting.
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