secwatch.observer — SEC 8-K summary
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Issuer:     NAVIENT CORP (NAVI)
CIK:        0001593538
Form:       8-K
Filed at:   2022-10-25T23:59:59+00:00
Accession:  0001193125-22-268371
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Navient Q3 GAAP net income $105M ($0.75 EPS); Adjusted Core EPS $0.75, shares repurchased $95M
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- GAAP net income $105M, diluted EPS $0.75; Adjusted Core EPS $0.75; Core EPS $0.62.
- Pre-tax income reduced by $10M from incremental FFELP consolidation related to loan forgiveness plans; $28M provision for loan losses for deteriorating economy.
- Consumer Lending originated $447M of private loans; delinquency rate 4.4% remains below pre-pandemic levels.
- Repurchased $95M of common shares; $685M share repurchase authority remains; paid $22M in dividends.
- Business Processing segment EBITDA $13M on revenue $79M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1593538/000119312522268371/0001193125-22-268371-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1593538/000119312522268371/d307233d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-268371

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