Navient Q2 GAAP EPS $0.52, core EPS $0.70; $80M buyback, $15M restructuring charge

NAVIENT CORP

2023-Q2 EPS reported $1.39 revenue$155,000,000

GAAP net income $66M ($0.52 diluted EPS); core earnings $88M ($0.70 diluted EPS).
Restructuring expenses of $15M related to CEO transition; operating expenses $182M including $2M regulatory costs.
Repurchased $80M of common shares; $435M remaining buyback authority; paid $20M in dividends.
Issued $500M unsecured debt and $718M asset-backed securities; equity-to-asset ratio 4.5%.
Business Processing segment revenue $83M, net income $6M, EBITDA $8M.

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 0.9

NAVIENT CORP reported the quarter ended June 30, 2023 results: net income GAAP net income of $66 million ($0.52 diluted earnings per share).

Period: the quarter ended June 30, 2023
Net income: GAAP net income of $66 million ($0.52 diluted earnings per share)
Result: reported results

Exact text from the filing

GAAP net income of $66 million ($0.52 diluted earnings per share).

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

NAVIENT CORP filing history →

Source: SEC EDGAR

accession 0001193125-23-193778

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