---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-107378"
form_type: "8-K"
ticker: "NAVI"
cik: "0001593538"
company_name: "NAVIENT CORP"
filed_at: "2024-04-24T23:59:59+00:00"
generated_at: "2026-06-03T09:37:41.432311+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Navient Q1 GAAP net income $73M ($0.64 EPS); $12M CFPB accrual and $9M loan premium write-off

## Summary
- GAAP net income $73M ($0.64 diluted EPS); Core earnings $54M ($0.47 diluted EPS).
- Pre-tax income reduced by $23M from regulatory/restructuring expenses ($14M, including $12M CFPB accrual) and FFELP loan premium write-off ($9M).
- FFELP loan prepayments surged to $1.6B vs $700M year-ago quarter.
- Repurchased $43M of common shares; $247M remaining authority; paid $18M dividends.
- CEO: nearing final outsourcing agreement for student loan servicing; expects to decide on divestiture of business processing division.

## SEC filing metadata
- accession: 0001193125-24-107378
- form_type: 8-K
- ticker: NAVI
- cik: 0001593538
- company_name: NAVIENT CORP
- filed_at: 2024-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1593538/000119312524107378/0001193125-24-107378-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1593538/000119312524107378/d809944d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-107378
- JSON: https://secwatch.observer/filing/0001193125-24-107378.json
- Plain text: https://secwatch.observer/filing/0001193125-24-107378.txt

## Key facts
- Earnings Releases
  NAVIENT CORP reported first-quarter 2024 results: net income $73 million ($0.64 diluted earnings per share), EPS $0.64 diluted earnings per share.
  - Period: first-quarter 2024
  - Net income: $73 million ($0.64 diluted earnings per share)
  - EPS: $0.64 diluted earnings per share
  - Result: reported results
  source text: NAVIENT REPORTS FIRST-QUARTER 2024 FINANCIAL RESULTS HERNDON, Va., April 24, 2024 — Navient (Nasdaq: NAVI) today released its first-quarter 2024 financial results. OVERALL RESULTS • GAAP net income of $73 million ($0.64 diluted earnings per share).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1593538/000119312524107378/0001193125-24-107378-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.