Navient

Navient Corp. engages in the provision of asset management and business processing solutions for education, healthcare and government clients at the federal, state and local levels. It operates through the following segments: Federal Education Loans, Consumer Lending, Business Processing and Other. The Federal Education Loans segment owns FFELP Loans and performs servicing and asset recovery services on FFELP Loan portfolio. The Consumer Lending segment owns, originates, acquires and services high-quality private education loans. The Business Processing segment engages in the provision of government and healthcare services. The Other segment consists of corporate liquidity portfolio, gains and losses incurred on the repurchase of debt, unallocated expenses of shared services and restructuring/other reorganization expenses. The company was founded on November 7, 2013 and is headquartered in Wilmington, DE.

Earnings data Q1 2024

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Navient Corp. engages in the provision of asset management and business processing solutions for education, healthcare and government clients at the federal, state and local levels. It operates through the following segments: Federal Education Loans, Consumer Lending, Business Processing and Other. The Federal Education Loans segment owns FFELP Loans and performs servicing and asset recovery services on FFELP Loan portfolio. The Consumer Lending segment owns, originates, acquires and services high-quality private education loans. The Business Processing segment engages in the provision of government and healthcare services. The Other segment consists of corporate liquidity portfolio, gains and losses incurred on the repurchase of debt, unallocated expenses of shared services and restructuring/other reorganization expenses. The company was founded on November 7, 2013 and is headquartered in Herndon, VA.

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Navient Agrees To Cancel $3.5 Million Of Student Loans

WILMINGTON, Del., May 06, 2022 (GLOBE NEWSWIRE) -- The Boys & Girls Club of Delaware, a seasoned leader in youth development, and Navient (Nasdaq: NAVI), a leader in technology-enabled education finance and business processing solutions, are announcing college planning conferences to help young people and their families access career and college planning resources.

Boys & Girls Clubs of Delaware, Navient Host College Planning Conferences Throughout Delaware

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Navient Corporation (NASDAQ:NAVI ) Q1 2022 Earnings Conference Call April 27, 2022 8:00 AM ET Company Participants Nathan Rutledge - Head, IR Jack Remondi - President & CEO Joe Fisher - Executive VP & CFO Conference Call Participants Mark DeVries - Barclays Moshe Orenbuch - Credit Suisse Bill Ryan - Seaport Research Rick Shane - JP Morgan Giuliano Bologna - Compass Point John Hecht - Jefferies Operator Good day and thank you for standing by. Welcome to the Navient's first quarter 2022 earnings call.

Navient Corporation (NAVI) CEO Jack Remondi on Q1 2022 Results - Earnings Call Transcript

A fall in NII and non-interest income hinders Navient's (NAVI) Q1 results. A rise in provisions acts as a headwind, while lower expenses have aided.

Navient (NAVI) Q1 Earnings Surpass Estimates, NII Falls Y/Y

Navient (NAVI) delivered earnings and revenue surprises of 18.42% and 16.24%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Navient (NAVI) Q1 Earnings Beat Estimates

WILMINGTON, Del., April 26, 2022 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI), a leader in technology-enabled education finance and business processing solutions, today posted its 2022 first quarter financial results. The complete financial results release is available on the company's website at Navient.com/investors. The results will also be available on Form 8-K on the SEC's website at www.sec.gov.

Navient posts first quarter 2022 financial results

Despite an improved lending scenario, lower revenues, driven by a decline in fee income and NII, are likely to hurt Navient's (NAVI) Q1 earnings.

What to Expect From Navient (NAVI) This Earnings Season?

WILMINGTON, Del., April 21, 2022 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI), a leader in technology-enabled education finance and business processing solutions, today announced that board member Katherine A. Lehman will not stand for reelection at Navient's annual meeting of shareholders.

Katherine Lehman to leave Navient board of directors

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating “a-” (Excellent) to Riverfront Insurance, LLC (Riverfront) (Wilmington, DE). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect Riverfront's balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM). The rat

AM Best Assigns Credit Ratings to Riverfront Insurance, LLC

WILMINGTON, Del. and NEW YORK, April 18, 2022 (GLOBE NEWSWIRE) -- Navient Corporation (Nasdaq: NAVI) and Sherborne Investors today announced an agreement under which Navient's Board of Directors will nominate Edward Bramson, a partner in Sherborne Investors, for election to Navient's Board of Directors at Navient's upcoming annual meeting, scheduled for June 2, 2022.

Navient, Sherborne Investors reach cooperation agreement; Edward Bramson to be nominated as new board member

WILMINGTON, Del., April 06, 2022 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI), a leading provider of education loan management and business processing solutions, today announced it will release its 2022 first quarter financial results on Navient.com/investors after market close on Tuesday, April 26, 2022. Navient will host a conference call to review results on Wednesday, April 27, 2022, at 8 a.m. ET.

Navient to announce first quarter 2022 results on April 26, host earnings call on April 27

WILMINGTON, Del., April 01, 2022 (GLOBE NEWSWIRE) -- Navient is a proud sponsor of the USS Delaware submarine commissioning commemoration event, to be held April 2 at the Port of Wilmington.

Navient sponsors USS Delaware commissioning commemoration event

Due to a lawsuit and resulting settlement agreement, Navient was previously forced to forgive 66,000 student loans. The information technology services market is projected for a sizeable revenue gain in 2022; most of this revenue will be generated within the United States.

Navient: Information Technology Service Poised For A Comeback

Navient (NAVI) reported earnings 30 days ago. What's next for the stock?

Navient (NAVI) Up 8.3% Since Last Earnings Report: Can It Continue?

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WILMINGTON, Del., Feb. 09, 2022 (GLOBE NEWSWIRE) -- Duncan Solutions, a leading provider of parking and tolling management solutions, is pleased to announce its sponsorship of Boys & Girls Clubs of Metro Los Angeles' Transportation Program. Duncan's parent company, Navient, along with its other subsidiaries are proud to enter the second year of their national partnership with Boys & Girls Clubs of America.

Duncan Solutions supports Boys & Girls Clubs of Metro Los Angeles Transportation Program

WILMINGTON, Del., Feb. 02, 2022 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI), a leader in education loan management and business processing solutions, announced today that President and CEO Jack Remondi will speak at the Credit Suisse Annual Financial Services Forum at 8:00 a.m. ET Feb. 17.

Navient CEO to present at Credit Suisse Financial Services Forum on Feb. 17

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The company reported earnings earlier today.

Why Shares of Navient Are Falling Today

Navient Corporation (NAVI) CEO Jack Remondi on Q4 2021 Results - Earnings Call Transcript

A fall in NII and non-interest income, as well as higher expenses, hinders Navient's (NAVI) Q4 results. A rise in provisions acts as a headwind.

Navient (NAVI) Reports Q4 Loss, Surpasses NII Estimates

Navient (NAVI) delivered earnings and revenue surprises of -150.59% and 9.13%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Navient (NAVI) Reports Q4 Loss, Tops Revenue Estimates

Shares of Navient Corp. fell more than 9% in after-hours trading Tuesday, after the student-loan servicer swung to a fourth-quarter loss as higher expenses combined with lower revenue.

News for Navient Stock (NAVI)