Navient Q1 GAAP EPS $0.64, core EPS $0.47; corrects prior Q4 loan metrics

NAVIENT CORP

2024-Q1 EPS reported $0.64 revenue$77,000,000

GAAP net income $73M ($0.64 diluted EPS); Core earnings $54M ($0.47 diluted EPS).
Regulatory-related expenses $14M, including $12M CFPB accrual; FFELP prepayments $1.6B.
Originated $259M private education loans; repurchased $43M shares; $247M remaining authority.
Corrected 4Q23 delinquency rates: 30-day 13.9% (was 15.0%), 90-day 7.5% (was 8.7%), forbearance 16.8% (was 15.8%).

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 the quarter ended March 31, 2024 results: net income $73 million ($0.64 diluted earnings per share), EPS $0.64 diluted earnings per share.

Period: the quarter ended March 31, 2024
Net income: $73 million ($0.64 diluted earnings per share)
EPS: $0.64 diluted earnings per share
Result: reported results

Exact text from the filing

GAAP net income of $73 million ($0.64 diluted earnings per share).

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1436 earnings releases filed in the last 30 days. Browse all earnings releases →

NAVIENT CORP filing history →

Source: SEC EDGAR

accession 0001193125-24-111390

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