Navient(NAVI)

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Navient (NAVI) Q1 Earnings Beat on Lower Expenses, NII Dips
Zacks Investment Research· 2024-04-24 15:30
Navient Corporation (NAVI) has reported first-quarter 2024 adjusted earnings per share (excluding regulatory-related and restructuring expenses) of 63 cents, surpassing the Zacks Consensus Estimate of 58 cents. It reported 86 cents in the prior-year quarter.Results were driven by a rise in total other income and a fall in expenses. However, a decline in net interest income (NII) has affected the results.Navient’s GAAP net income was $73 million. It recorded a net income of $111 million in the prior-year qua ...
Navient(NAVI) - 2024 Q1 - Quarterly Results
2024-04-23 22:08
Exhibit 99.2 NAVIENT REPORTS FIRST-QUARTER 2024 FINANCIAL RESULTS HERNDON, Va., April 24, 2024 — Navient (Nasdaq: NAVI) today released its first-quarter 2024 financial results. OVERALL RESULTS • GAAP net income of $73 million ($0.64 diluted earnings per share). • Core Earnings(1) of $54 million ($0.47 diluted earnings per share). SIGNIFICANT ITEMS • GAAP and Core Earnings results included a net reduction to pre-tax income of $23 million ($0.16 diluted loss per share) comprised of the following items: ○ $14 ...
Navient (NAVI) to Report Q1 Earnings: What to Expect?
Zacks Investment Research· 2024-04-22 17:46
Navient Corporation (NAVI) is scheduled to report first-quarter 2024 results on Apr 24, before market open. NAVI’s quarterly revenues and earnings are anticipated to have declined from the year-ago reported level.This Wilmington, DE-based lender’s fourth-quarter 2023 earnings missed the Zacks Consensus Estimate. Results were adversely impacted by a fall in total other income and core net interest income (NII). Further, a rise in expenses acted as a headwind.NAVI has a mixed earnings surprise history. Navien ...
Navient(NAVI) - 2023 Q4 - Annual Report
2024-02-26 21:10
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) Commission file number 001-36228 Navient Corporation (Exact Name of Registrant as Specified in Its Charter) | Delaware | 46-4054283 | | --- | --- | | (State or Other Jurisdiction of | (I.R.S. Employer | | Incorporation or Organization) | Identification No.) | | 13865 Sunrise Valley Drive, Herndon, Virginia 20171 | (703) 810-3000 | | (Address of Principal Executive Offices) Securities registered pursuant to Section 1 ...
Navient(NAVI) - 2023 Q4 - Earnings Call Transcript
2024-01-31 20:47
Navient Corporation. (NASDAQ:NAVI) Q4 2023 Earnings Conference Call January 31, 2024 8:00 AM ET Company Participants Jen Earyes - Vice President, Investor Relations David Yowan - President and Chief Executive Officer Edward Bramson - Vice Chair of the Board of Directors Joe Fisher - Executive Vice President and Chief Financial Officer Conference Call Participants Mark DeVries - Deutsche Bank Arren Cyganovich - Citi Moshe Orenbuch - TD Cowen William Ryan - Seaport Research Partners Sanjay Sakhrani - KBW John ...
Navient(NAVI) - 2023 Q3 - Quarterly Report
2023-10-25 21:08
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36228 Navient Corporation (Exact name of registrant as specified in its charter) Delaware 46-4054283 (State or other jurisd ...
Navient(NAVI) - 2023 Q3 - Earnings Call Transcript
2023-10-25 15:31
Navient Corporation. (NASDAQ:NAVI) Q3 2023 Earnings Conference Call October 25, 2023 8:00 AM ET Company Participants Jen Earyes - VP, IR Dave Yowan - CEO Joe Fisher - CFO Conference Call Participants Sanjay Sakhrani - KBW Richard Shane - JPMorgan Bill Ryan - Seaport Research Partners Arren Cyganovich - Citi Jeffrey Adelson - Morgan Stanley Operator Good day. And welcome to the Navient Third Quarter 2023 Earnings Conference Call. At this time, all participants are in listen-only mode. After the speaker’s pre ...
Navient(NAVI) - 2023 Q3 - Earnings Call Presentation
2023-10-25 15:31
3Q 2023 Earnings Call Presentation Confidential and proprietary information © 2023 Navient Solutions, LLC. All rights reserved. 1 Delivering Value to Shareholders | --- | --- | |----------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------| | | | | | | | Maximize the cash flows from our loan portfolios | • Manage credit and interest rate risk and help borrowers man ...
Navient(NAVI) - 2023 Q2 - Earnings Call Presentation
2023-08-10 08:41
Confidential and proprietary information © 2023 Navient Solutions, LLC. All rights reserved. 1 2 Federal Education Loans Business Processing Solutions Federally guaranteed loans • Seasoned Private Education Loan Portfolio Strategic Imperatives Continuously simplify the business and increase efficiency Enhance the value of our growth businesses • Continuously strengthening our control environment Federal Education Loans – Overview • FFELP portfolio of $41 billion 5-Year Projected Annual FFELP Cash Flows 1 - ...
Navient(NAVI) - 2023 Q2 - Quarterly Report
2023-07-26 20:11
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-36228 Navient Corporation (Exact name of registrant as specified in its charter) Delaware 46-4054283 (State or other jurisdictio ...