secwatch.observer — SEC 8-K summary
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Issuer:     NAVIENT CORP (NAVI)
CIK:        0001593538
Form:       8-K/A
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001193125-24-111390
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Navient Q1 GAAP EPS $0.64, core EPS $0.47; corrects prior Q4 loan metrics
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- 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%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1593538/000119312524111390/0001193125-24-111390-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1593538/000119312524111390/d747872d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-111390

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer