{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-019637","form_type":"8-K","ticker":"NAVI","cik":"0001593538","company_name":"NAVIENT CORP","filed_at":"2024-01-31T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.743735+00:00","generated_at":"2026-06-06T13:31:35.578112+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Navient reports Q4 GAAP net loss of $28M; core EPS $0.21; initiates restructuring and strategic review","bullets":["Q4 GAAP net loss of $28M ($0.25 diluted EPS); Core Earnings of $24M ($0.21 diluted EPS).","Full-year 2023 GAAP net income $228M ($1.85 EPS); Core Earnings $303M ($2.45 EPS).","Significant items: $35M provision for loan losses, $32M regulatory/restructuring ($28M CFPB accrual), $8M debt repurchase losses.","CEO announces outsourcing student loan servicing, exploring divestiture of business processing division, and streamlining corporate footprint.","Repurchased $70M common shares; $290M remaining authority. Retired $850M unsecured debt; issued $500M unsecured and $516M ABS."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-019637","json":"https://secwatch.observer/filing/0001193125-24-019637.json","markdown":"https://secwatch.observer/filing/0001193125-24-019637.md","text":"https://secwatch.observer/filing/0001193125-24-019637.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1593538/000119312524019637/0001193125-24-019637-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1593538/000119312524019637/d40274d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T13:31:35.578112+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"8334578eb224fb4fe47b54ea45727e2e27b84d0f","claim":"NAVIENT CORP reported the quarter ended December 31, 2023 results: net income $28 million ($0.25 diluted loss per share), EPS ($0.25) per share.","evidence_excerpt":"GAAP net loss of $28 million ($0.25 diluted loss per share).","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1593538/000119312524019637/0001193125-24-019637-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended December 31, 2023"},{"label":"Net income","value":"$28 million ($0.25 diluted loss per share)"},{"label":"EPS","value":"($0.25) per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"f30eaba1c0dee47629d960c031afc8ef07497f53","claim":"NAVIENT CORP reported 2023 full year results: net income $228 million ($1.85 diluted earnings per share), EPS $1.85 per share.","evidence_excerpt":"GAAP net income of $228 million ($1.85 diluted earnings per share).","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1593538/000119312524019637/0001193125-24-019637-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"2023 full year"},{"label":"Net income","value":"$228 million ($1.85 diluted earnings per share)"},{"label":"EPS","value":"$1.85 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}