secwatch.observer — SEC 8-K summary
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Issuer:     NAVIENT CORP (NAVI)
CIK:        0001593538
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0001193125-23-115633
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1593538/000119312523115633/0001193125-23-115633-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1593538/000119312523115633/d477124d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-115633

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