Navient Q1: GAAP EPS $0.86, Adj. Core EPS $1.06; $85M share repurchase

NAVIENT CORP

2023-Q1 EPS reported $0.86 revenue$72,000,000

GAAP net income $111M ($0.86 diluted EPS); Core Earnings $133M ($1.02 diluted EPS); Adjusted Core EPS $1.06.
Federal Education Loans net income $87M; Consumer Lending net income $110M on $168M originations.
Business Processing revenue $72M, net income $4M, EBITDA $5M.
Repurchased $85M of shares; $515M repurchase authority remains; paid $21M dividends; retired $1B unsecured debt.
Pre-tax $14M reduction in provisions for loan losses from new accounting standard and bankruptcy resolution.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

NAVIENT CORP reported the quarter ended March 31, 2023 results: net income $111 million, EPS $0.86 diluted earnings per share.

Period: the quarter ended March 31, 2023
Net income: $111 million
EPS: $0.86 diluted earnings per share
Result: reported results

Exact text from the filing

OVERALL RESULTS • GAAP net income of $111 million ($0.86 diluted earnings per share).

View on SEC.gov

8 earnings releases filed in the last 30 days. Browse all earnings releases →

NAVIENT CORP filing history →

Source: SEC EDGAR

accession 0001193125-23-115633

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.