---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-115633"
form_type: "8-K"
ticker: "NAVI"
cik: "0001593538"
company_name: "NAVIENT CORP"
filed_at: "2023-04-26T23:59:59+00:00"
generated_at: "2026-06-16T12:54:45.855189+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-115633
- form_type: 8-K
- ticker: NAVI
- cik: 0001593538
- company_name: NAVIENT CORP
- filed_at: 2023-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1593538/000119312523115633/0001193125-23-115633-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1593538/000119312523115633/d477124d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-115633
- JSON: https://secwatch.observer/filing/0001193125-23-115633.json
- Plain text: https://secwatch.observer/filing/0001193125-23-115633.txt

## Key facts
- Earnings Releases
  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
  source text: OVERALL RESULTS • GAAP net income of $111 million ($0.86 diluted earnings per share).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1593538/000119312523115633/0001193125-23-115633-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.