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 Q4 2020

Earnings data Q1 2021

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Navient reports robust earnings, targets growth in student loan market

Navient's strong financial performance in 2022, coupled with strategic initiatives for 2023, reflects a focus on growth and shareholder value.
While facing challenges from market dynamics and rising rates, Navient is leveraging its strengths in funding markets and operational efficiency.
The company's emphasis on expanding in-school loan originations and refinancing activities highlights its commitment to market growth and customer savings.
Navient's proactive approach to addressing challenges and seizing opportunities positions it for continued success and market expansion.

Navient reports robust Q1 earnings, eyes loan demand opportunities

Navient's Q1 2023 earnings call highlighted strong financial performance, improved credit metrics, and strategic capital management. While facing challenges from CECL accounting and changing rate environments, the company is poised to capitalize on opportunities in consumer lending and loan origination volume.

Navient reports resilient Q2 performance amidst regulatory challenges and growth opportunities

Navient's Q2 2023 performance showcased stability and resilience across its business segments, with a focus on cash flow optimization and efficiency.
Despite challenges such as regulatory uncertainties and ongoing litigation, Navient remains committed to enhancing shareholder value and customer experience.
The company's strategic emphasis on simplicity, financial strength, and growth opportunities positions Navient well for future success and value creation.

Navient reports strong Q3 earnings, focuses on shareholder value

Navient's Q3 performance showcased resilience and growth in key segments. The company remains focused on shareholder value and borrower support. Challenges in loan originations are being addressed, while opportunities for growth are being pursued.

Navient outlines strategic actions to drive efficiency and shareholder value

Navient's performance in 2023 showed progress in efficiency and cost reduction.
Despite challenges like provision increases, strategic initiatives offer growth opportunities.
Capital allocation activities and share repurchases demonstrate commitment to shareholders.
The company aims to reshape its operations and enhance value through strategic actions.

Navient implements cost-saving measures amidst Q1 earnings challenges

Navient is executing strategic initiatives to optimize costs and enhance operational efficiency. Despite challenges in the FFELP portfolio and elevated expenses, the company's core businesses are showing strength. Opportunities in divestiture plans and operational streamlining could drive future growth and profitability.

Navient reports Q2 earnings, focuses on efficiency and shareholder value

Navient's Q2 performance showed progress in strategic actions and financial results.
Despite challenges in net interest margin and prepayment risks, the company is focused on efficiency.
Opportunities lie in divestment discussions, expense reductions, and future growth initiatives.
Overall, Navient aims to enhance shareholder value through disciplined management and strategic actions.

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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 in 1973 and is headquartered in Herndon, VA.

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.

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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.

Dow Jones Newswires: Navient stock falls after student-loan company swings to loss

WILMINGTON, Del., Jan. 25, 2022 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI), a leading provider of education loan management and business processing solutions, today posted its 2021 fourth 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 fourth quarter 2021 financial results

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Do you qualify for student loan forgiveness?

Student Loan Forgiveness: 5 Questions On The Navient Settlement

Corporate bonds issued by Navient Corp. were the second-most actively traded on Friday in the U.S. junk-rated financial category, a day after the student loan giant agreed to a $1.85 billion deal to settle claims of abusive loan practices, according to BondCliq.

Market Extra: Bond market looks past Navient's $1.85 billion student-loan settlement

Navient will provide $1.85 billion worth of student loan relief to borrowers across the country to resolve a lawsuit with Attorney General Josh Shapiro.

Navient to provide $1.85B in student loan relief for lawsuit settlement

The agreement affects 66,000 student borrowers across 36 states and Washington, D.C.

Student lender Navient cancels $1.7B in student loans

Student loan servicer is expected to pay $1.7bn in loan cancellation and $95m in payouts

Navient reaches $1.85bn settlement over claims of predatory US student loans

Roughly 66,000 borrowers will see their private student loans cancelled — totaling more than $1.7 billion in relief — thanks to a deal between 39 state attorneys general and student loan giant Navient NAVI, +1.46%.

Navient to cancel $1.7 billion in private student loans as part of settlement with 39 attorneys general

A group of 39 states pursued claims that the large student loan servicer engaged in abusive and deceptive practices.

Student loan company Navient agrees to $1.86B settlement

Shares of Navient Corp. NAVI, +1.94% climbed 1.6% in midday trading Thursday, after the student loan management company said it will pay $145 million as part of a settlement agreement with state attorneys general to resolve multistate litigation and investigations. The company said a portion of the payment will reimburse states for their costs while the rest will be used by states to provide payments for certain student loan borrowers.

Navient to pay $145 million to settle litigation with state attorneys general

Navient Agrees To Major Settlement Over Student Loans

Navient Corp said on Thursday it agreed to pay $145 million to settle multistate litigation into its student loan practices.

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