Navient

Navient Corp. engages in the provision of asset management and business processing solutions for education, healthcare and government clients at the federal, state and local levels. It operates through the following segments: Federal Education Loans, Consumer Lending, Business Processing and Other. The Federal Education Loans segment owns FFELP Loans and performs servicing and asset recovery services on FFELP Loan portfolio. The Consumer Lending segment owns, originates, acquires and services high-quality private education loans. The Business Processing segment engages in the provision of government and healthcare services. The Other segment consists of corporate liquidity portfolio, gains and losses incurred on the repurchase of debt, unallocated expenses of shared services and restructuring/other reorganization expenses. The company was founded on November 7, 2013 and is headquartered in Wilmington, DE.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q1 2022

Earnings data Q2 2022

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Navient reports robust earnings, targets growth in student loan market

Navient's strong financial performance in 2022, coupled with strategic initiatives for 2023, reflects a focus on growth and shareholder value.
While facing challenges from market dynamics and rising rates, Navient is leveraging its strengths in funding markets and operational efficiency.
The company's emphasis on expanding in-school loan originations and refinancing activities highlights its commitment to market growth and customer savings.
Navient's proactive approach to addressing challenges and seizing opportunities positions it for continued success and market expansion.

Navient reports robust Q1 earnings, eyes loan demand opportunities

Navient's Q1 2023 earnings call highlighted strong financial performance, improved credit metrics, and strategic capital management. While facing challenges from CECL accounting and changing rate environments, the company is poised to capitalize on opportunities in consumer lending and loan origination volume.

Navient reports resilient Q2 performance amidst regulatory challenges and growth opportunities

Navient's Q2 2023 performance showcased stability and resilience across its business segments, with a focus on cash flow optimization and efficiency.
Despite challenges such as regulatory uncertainties and ongoing litigation, Navient remains committed to enhancing shareholder value and customer experience.
The company's strategic emphasis on simplicity, financial strength, and growth opportunities positions Navient well for future success and value creation.

Navient reports strong Q3 earnings, focuses on shareholder value

Navient's Q3 performance showcased resilience and growth in key segments. The company remains focused on shareholder value and borrower support. Challenges in loan originations are being addressed, while opportunities for growth are being pursued.

Navient outlines strategic actions to drive efficiency and shareholder value

Navient's performance in 2023 showed progress in efficiency and cost reduction.
Despite challenges like provision increases, strategic initiatives offer growth opportunities.
Capital allocation activities and share repurchases demonstrate commitment to shareholders.
The company aims to reshape its operations and enhance value through strategic actions.

Navient implements cost-saving measures amidst Q1 earnings challenges

Navient is executing strategic initiatives to optimize costs and enhance operational efficiency. Despite challenges in the FFELP portfolio and elevated expenses, the company's core businesses are showing strength. Opportunities in divestiture plans and operational streamlining could drive future growth and profitability.

Navient reports Q2 earnings, focuses on efficiency and shareholder value

Navient's Q2 performance showed progress in strategic actions and financial results.
Despite challenges in net interest margin and prepayment risks, the company is focused on efficiency.
Opportunities lie in divestment discussions, expense reductions, and future growth initiatives.
Overall, Navient aims to enhance shareholder value through disciplined management and strategic actions.

Navient reports mixed Q3 results, focuses on cost reduction

Navient's Q3 performance reflects a mix of challenges and strengths, with strategic actions driving core EPS growth despite a GAAP loss.
The company's focus on cost reduction, divestitures, and capital allocation sets the stage for improved financial flexibility and shareholder value creation.
Ongoing discussions on Government Services and proactive measures for debt reduction signal a dynamic approach to addressing operational challenges and seizing growth opportunities.

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Navient Corp. engages in the provision of asset management and business processing solutions for education, healthcare and government clients at the federal, state and local levels. It operates through the following segments: Federal Education Loans, Consumer Lending, Business Processing and Other. The Federal Education Loans segment owns FFELP Loans and performs servicing and asset recovery services on FFELP Loan portfolio. The Consumer Lending segment owns, originates, acquires and services high-quality private education loans. The Business Processing segment engages in the provision of government and healthcare services. The Other segment consists of corporate liquidity portfolio, gains and losses incurred on the repurchase of debt, unallocated expenses of shared services and restructuring/other reorganization expenses. The company was founded in 1973 and is headquartered in Herndon, VA.

Lower NII due to high interest rates and weakened consumer loan demand are likely to have hurt Navient's (NAVI) second-quarter 2024 performance.

Navient's (NAVI) Q2 Earnings to be Hurt by a Decline in NII

HERNDON, Va., July 10, 2024 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI) will host an audio webcast to review its 2024 second quarter financial results on Wednesday, July 24, 2024, at 8:00 a.m. Eastern Time. The results are scheduled to be released the same day by 7:00 a.m. on Navient.com/investors. In addition to being available on the company's investor website, the results will be filed with the SEC on a Form 8-K available at SEC.gov.

Navient to announce second quarter 2024 results, host earnings webcast July 24

HERNDON, Va., May 23, 2024 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI), a leader in technology-enabled education finance and business processing solutions, announced that its board of directors approved a 2024 second quarter dividend of $0.16 per share on the company's common stock.

Navient declares second quarter common stock dividend

Navient (NAVI) faces challenges with regulatory changes and a year-over-year decline in servicing revenues. Also, high debt levels compared with liquidity position acts as a headwind.

Navient (NAVI) Hurt by Lower Revenues & Higher Debt Level

SAN FRANCISCO--(BUSINESS WIRE)--Earnest, a fintech company empowering students to maximize their financial futures, announced Nick Norcross as its new Chief Product Officer. Norcross brings nearly two decades of successful fintech product development and leadership to the team. “Nick has an outstanding track record building products that help people achieve financial success,” said David Green, Earnest CEO. “He is passionate about helping Earnest's customers achieve that same success and buildi.

Earnest Names Nick Norcross as Chief Product Officer

DOVER, Del., April 25, 2024 (GLOBE NEWSWIRE) -- Boys & Girls Clubs of Delaware, a seasoned leader in youth development, and Navient (Nasdaq: NAVI), a leader in technology-enabled education finance and business processing solutions, are hosting a college planning conference to help young people and their families access career and college planning resources.

Boys & Girls Clubs of Delaware, Navient to host May 4 college planning conference

Navient Corporation (NAVI) Q1 2024 Earnings Call Transcript

Although the revenue and EPS for Navient (NAVI) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Navient (NAVI) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates

A rise in the total other income and a fall in expenses aid Navient's (NAVI) first-quarter 2024 earnings.

Navient (NAVI) Q1 Earnings Beat on Lower Expenses, NII Dips

HERNDON, Va., April 24, 2024 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI), a leader in technology-enabled education finance and business processing solutions, today posted its 2024 first quarter financial results. The complete financial results release is available on the company's website at Navient.com/investors. The results will also be available on Form 8-K on the SEC's website at www.sec.gov.

Navient posts first quarter 2024 financial results

Navient's (NAVI) Q1 results are expected to reflect sequential improvements in asset recovery and business-processing revenues, and NII. Servicing revenues are likely to have been affected.

Navient (NAVI) to Report Q1 Earnings: What to Expect?

HERNDON, Va., April 10, 2024 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI), a leader in technology-enabled education finance and business processing solutions, will host an audio webcast to review its 2024 first quarter financial results on Wednesday, April 24, 2024, at 8:00 a.m. Eastern Time. The results are scheduled to be released the same day by 7:00 a.m. on Navient.com/investors. In addition to being available on the company's investor website, the results will be filed with the SEC on a Form 8-K available at SEC.gov.

Navient to announce first quarter 2024 results, host earnings webcast April 24

HORSEHEADS, N.Y., April 09, 2024 (GLOBE NEWSWIRE) -- Duncan Solutions, a full-service transportation management company and a leading provider of parking and tolling management solutions, is pleased to welcome Jason Sutton as Senior Vice President, Parking and Mobility Solutions.

Duncan Solutions Appoints Jason Sutton as Senior Vice President, Parking and Mobility Solutions

Navient (NAVI) gains from in-school originations and a recurring revenue business model. However, limited growth opportunities and unmanageable debt levels are near-term concerns.

Navient (NAVI) Rides on Loan Growth Amid High Debt Levels

HERNDON, Va., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI), a leader in technology-enabled education finance and business processing solutions, announced that its board of directors approved a 2024 first quarter dividend of $0.16 per share on the company's common stock.

Navient declares first quarter common stock dividend

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Navient Corporation. (NAVI) Q4 2023 Earnings Call Transcript

A fall in total other income, core NII and higher costs hinder Navient's (NAVI) fourth-quarter 2023 earnings.

Navient (NAVI) Misses on Q4 Earnings, Plans Strategic Actions

While the top- and bottom-line numbers for Navient (NAVI) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Navient (NAVI) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates

HERNDON, Va., Jan. 31, 2024 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI), a leader in technology-enabled education finance and business processing solutions, today posted its 2023 fourth quarter financial results. Complete financial results as well as materials related to Navient's in-depth business review are available on the company's website at Navient.com/investors. The materials will also be available on Form 8-K on the SEC's website at www.sec.gov.

Navient posts fourth quarter 2023 financial results

HERNDON, Va., Jan. 30, 2024 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI) today announced strategic actions to simplify the company, reduce its expense base, and enhance its flexibility as a result of the in-depth review overseen by the Board of Directors over the past several months.

Navient announces strategic actions following in-depth business review

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Navient (NAVI), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2023.

What Analyst Projections for Key Metrics Reveal About Navient (NAVI) Q4 Earnings

HERNDON, Va., Jan. 17, 2024 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI), a leader in technology-enabled education finance and business processing solutions, will host an audio webcast to review its 2023 fourth quarter financial results and provide an update on its in-depth review on Wednesday, Jan. 31, 2024, at 8 a.m. Eastern Time.

Navient to announce fourth quarter 2023 results and provide in-depth review update on Jan. 31 webcast

Driven by strong fundamentals and good growth prospects, the Navient (NAVI) stock seems an attractive pick right now.

4 Reasons to Add Navient (NAVI) Stock to Your Portfolio Now

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