secwatch.observer — SEC 8-K summary
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Issuer:     NAVIENT CORP (NAVI)
CIK:        0001593538
Form:       8-K
Filed at:   2023-07-26T23:59:59+00:00
Accession:  0001193125-23-193778
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1593538/000119312523193778/0001193125-23-193778-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1593538/000119312523193778/d528018d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-193778

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer