Navient Q3 GAAP net income $79M ($0.65 EPS); $45M CFPB charge impacts results

NAVIENT CORP

2023-Q3 EPS reported $2.04 revenue$240,000,000

GAAP net income $79M ($0.65 diluted EPS); Core Earnings $57M ($0.47 diluted EPS).
Pre-tax income reduced by $58M, including $45M for CFPB-related matters and $29M provision for Private Education Loan losses.
FFELP segment net income $94M; Consumer Lending net income $56M; Business Processing revenue $85M, net income $9M.
Repurchased $75M of common shares; $360M repurchase authority remains; paid $19M in dividends.
Originated $382M of Private Education Loans; operating expenses $186M excluding $47M regulatory costs.

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 0.95

NAVIENT CORP reported third quarter 2023 results: net income $79 million ($0.65 diluted earnings per share).

Period: third quarter 2023
Net income: $79 million ($0.65 diluted earnings per share)
Result: reported results

Exact text from the filing

Navient (Nasdaq: NAVI) today released its third-quarter 2023 financial results.

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 0001193125-23-261800

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