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 2021

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Earnings data Q3 2023

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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.

Navient reports mixed Q3 results, focuses on cost reduction

Navient's Q3 performance reflects a mix of challenges and strengths, with strategic actions driving core EPS growth despite a GAAP loss.
The company's focus on cost reduction, divestitures, and capital allocation sets the stage for improved financial flexibility and shareholder value creation.
Ongoing discussions on Government Services and proactive measures for debt reduction signal a dynamic approach to addressing operational challenges and seizing growth opportunities.

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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.

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.

Navient resolves state probes into student loan practices

WILMINGTON, Del., Jan. 13, 2022 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI), a leading provider of education loan management and business processing solutions, announced today that it has reached agreements with state attorneys general to resolve their previously disclosed multistate litigation and investigations.

Navient announces successful resolution of legal matters with state attorneys general

WILMINGTON, Del., Jan. 06, 2022 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI), a leading provider of education loan management and business processing solutions, today announced it will release its 2021 fourth quarter and full year financial results on Navient.com/investors after market close on Tuesday, Jan. 25, 2022. Navient will host a conference call to review results on Wednesday, Jan. 26, 2022 at 8 a.m. ET.

Navient to announce fourth quarter 2021 results on Jan. 25, host earnings call on Jan. 26

Navient (NAVI) shields itself from any hostile takeover attempts by establishing a shareholder rights plan, with a 20% trigger and will make such attempts more expensive.

Navient (NAVI) Down on Efforts to Ward Off Takeover Attempts

(Reuters) -Sherborne Investors, led by activist investor Edward Bramson, has turned its attention to Navient Corp after failing in its attempt to overhaul British banking giant Barclays.

Activist Bramson targets Navient after retreat from Barclays

Designed to ensure fair and equal treatment of all investors Designed to ensure fair and equal treatment of all investors

Navient adopts short-term shareholder rights plan with 20% trigger

SAN FRANCISCO, Dec. 15, 2021 /PRNewswire/ --  Earnest , a fintech company dedicated to making higher education accessible and affordable for everyone, today announced the hire of Mike Horowitz as its new Chief Product Officer. Horowitz, who brings twenty years of product management experience to his new position at Earnest, joins returning Earnest employee and Chief Operating Officer, Jason Williams, on the executive team as they work to further develop the company's innovative student lending platform.

EARNEST EXPANDS C-SUITE WITH NEW EXECUTIVE HIRES

The announcement of a new $1-billion share-repurchase program reflects Navient's (NAVI) ability to augment shareholder value.

Navient (NAVI) Rewards Shareholders With New Share Buyback

Navient Corp. NAVI, +0.63% said Monday its board has approved a new $1 billion share buyback authorization. The new sum is on top of the roughly $150 million remaining on the student loan management company's existing authorization as of Sept.

Navient announces new $1 billion share buyback authorization

WILMINGTON, Del., Dec. 13, 2021 (GLOBE NEWSWIRE) -- Navient (Nasdaq:NAVI), a leader in education loan management and business processing solutions, announced today that its Board of Directors approved a new share repurchase program for up to $1 billion of the company's outstanding common stock.

Navient announces new $1 billion share repurchase authority

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

Navient (NAVI) Up 7.2% Since Last Earnings Report: Can It Continue?

Online program helps high schoolers prepare for post-secondary education and career success Online program helps high schoolers prepare for post-secondary education and career success

Navient Supports New Boys & Girls Clubs of America Curriculum, Offering College Payment Resources to Teens Nationwide

WILMINGTON, Del., Nov. 11, 2021 (GLOBE NEWSWIRE) -- Navient has earned four 2022 Military Friendly designations from VIQTORY, publisher of G.I. Jobs and Military Spouse Magazine. The four designations are: Military Friendly Employer, Military Spouse Friendly Employer, Military Friendly Supplier Diversity Employer, and Military Friendly Brand.

Navient recognized for supporting military members and their spouses

WILMINGTON, Del., Nov. 10, 2021 (GLOBE NEWSWIRE) -- Navient is proud to announce that it has been honored by the Women's Forum of New York at its sixth biennial Breakfast of Corporate Champions, for achieving at least 35% female representation on their board of directors.

Navient honored by the Women's Forum of New York for active leadership to attain gender parity on its corporate board

Navient Corporation's (NAVI) CEO Jack Remondi on Q3 2021 Results - Earnings Call Transcript

Navient's (NAVI) Q3 earnings reflect solid performance in its business processing segment, apart from a rise in expenses.

Navient (NAVI) Q3 Earnings Beat Estimates, Expenses Flare Up

Navient (NAVI) delivered earnings and revenue surprises of 7.23% and 8.61%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

Navient (NAVI) Q3 Earnings and Revenues Surpass Estimates

WILMINGTON, Del., Oct. 26, 2021 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI), a leading provider of education loan management and business processing solutions, today posted its 2021 third 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 third quarter 2021 financial results

Navient's (NAVI) Q3 earnings are likely to reflect the negative impact of low-rate environment and decreased non-interest income.

News for Navient Stock (NAVI)