Highest-materiality recent filing
Navient closes $500M offering of 9.375% Senior Notes due 2031
Issued $500M aggregate principal amount of 9.375% Senior Notes due 2031.
Navient Corporation reports first quarter 2026 financial results
Navient posted Q1 2026 financial results on its website on April 29, 2026.
Navient appoints Edward Bramson as CEO effective June 5; David Yowan to remain on board
Edward Bramson appointed President and CEO effective June 5, 2026; will continue as Board Chair.
Navient appoints Steve Hauber CFO; Joe Fisher departs; Troy Standish expands role
Steve Hauber named EVP and CFO effective Jan 7, 2026; base salary increased to $525,000.
Navient reports Q3 2025 GAAP net loss of $86M ($0.87/share); new $100M buyback authorized
GAAP net loss of $86M ($0.87 diluted EPS); core earnings net loss of $83M ($0.84).
Navient Q2 2025 GAAP net income $14M; originations nearly double YoY to $1B YTD
GAAP net income $14M ($0.13 diluted EPS); Core Earnings $21M ($0.20 diluted EPS).
Navient issues $500M of 7.875% Senior Notes due 2032
Issued $500M aggregate principal of 7.875% Senior Notes due 2032 on May 19, 2025.
Navient Q1 GAAP net loss $2M; Core EPS $0.25; refi originations double
GAAP net loss of $2M ($0.02 diluted loss); Core Earnings of $26M ($0.25 diluted EPS).
Phase 1 cost reductions of $119M in Shared and Corporate Expenses, increasing legacy loan cash flows by ~$1.5B.
Navient Q4 GAAP EPS $0.22, core EPS -$0.24 on $68M pre-tax charges; full-year core EPS $2.00
GAAP net income $24M ($0.22 diluted EPS); Core earnings loss $25M ($0.24 diluted loss per share).
Navient extends standstill with Sherborne; Edward Bramson to become Board Chair at 2025 meeting
Covered period extended through earlier of closing of 2025 annual meeting or June 30, 2025, plus 20 business days after Bramson leaves board.
Navient sells Government Services business to Gallant Capital; expects $25-35M loss in Q4
Approximately 1,200 employees included; transaction expected to close Q1 2025.
Navient Q3 GAAP net loss $2M; core EPS $1.45 on $219M Xtend sale gain
GAAP net loss of $2M ($0.02 diluted loss); core earnings of $160M ($1.45 diluted EPS).
Navient completes sale of Xtend Healthcare (healthcare services) to CorroHealth for $369M
Sale price $369M ($365M base + ~$4M working capital adjustments); closed Sept 19, 2024.
Navient agrees to pay $120M to settle CFPB lawsuit over student loan practices
$20 million penalty plus $100 million borrower redress to be determined by CFPB.
Navient sells Healthcare Services (Xtend) to CorroHealth for $365M cash
Purchase price: $365 million cash, subject to customary adjustments.
Navient Q2 2024 GAAP net income $36M ($0.32 EPS); Core EPS $0.29; strategic moves advancing
GAAP net income $36M ($0.32 diluted EPS); Core Earnings $33M ($0.29 diluted EPS).
Navient approves STIP with transformation targets; CEO gets $1.6M RSU + $2.4M PSU awards
STIP targets outsourcing ~80% of servicing expenses, BPS divestment, and ~20% ($11M) shared services cut in Q4 2024.
Navient to outsource student loan servicing to MOHELA; transfer ~900 employees, start Q3 2024
Navient Solutions, LLC and MOHELA signed Master Terms Agreement on May 7, 2024.
Navient Q1 GAAP EPS $0.64, core EPS $0.47; corrects prior Q4 loan metrics
GAAP net income $73M ($0.64 diluted EPS); Core earnings $54M ($0.47 diluted EPS).
Navient Q1 GAAP net income $73M ($0.64 EPS); $12M CFPB accrual and $9M loan premium write-off
GAAP net income $73M ($0.64 diluted EPS); Core earnings $54M ($0.47 diluted EPS).
John Kane, the Company’s Group President, Business Processing Solutions, will depart the Company at the end of 2024.
Effective October 11, 2024, Troy Standish, the Company’s Executive Vice President, Asset Management and Business Processing Operations, expanded his responsibilities by assuming the title of Executive Vice President & Chief Operating Officer.
Mark L. Heleen, Executive Vice President, Chief Legal Officer and Secretary, along with several other non-NEO executives will depart the Company.
Effective April 27, 2024, Steve Hauber, our Executive Vice President and Chief Risk and Compliance Officer, expanded his responsibilities by assuming the title of Chief Administrative Officer.
Max materiality 0.75 · Median 0.65 · Most common event earnings