secwatch.observer — SEC 8-K summary
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Issuer:     NAVIENT CORP (NAVI)
CIK:        0001593538
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0001193125-23-261800
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1593538/000119312523261800/0001193125-23-261800-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1593538/000119312523261800/d434954d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-261800

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