Navient(US:NAVI)2021-07-28 18:26Financial Performance - Adjusted Core Earnings per share increased by 8% to $0.98 compared to $0.91 in the year-ago quarter[15] - Business Processing revenue increased by $66 million, or 103%, to $130 million compared to the year-ago quarter[15] - The company returned $227 million to shareholders through dividends and share repurchases[15] - The Adjusted Tangible Equity Ratio rose to 6.3% compared to 3.6% in Q2 2020, with a pro forma Adjusted Tangible Equity Ratio of 8.0%[15] - Increased 2021 EPS Guidance to $4.20 - $4.30[10] Segment Performance - Federal Education Loans segment net interest margin was stable at 0.97%[8, 17] - Federal Education Loans segment annualized charge-off rate declined to 0.04%[8, 17] - Consumer Lending segment originated $1.3 billion of private education loans[8, 21] - Consumer Lending segment net interest margin was 2.95%[8, 20] - Consumer Lending segment annualized charge-off rate declined to 0.71%[8, 20] - Business Processing segment EBITDA margin was 30%[8, 23]