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 Q1 2022

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

WILMINGTON, Del., Oct. 20, 2021 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI) announced today that its proposal to transfer the loan servicing of 5.6 million Department of Education-owned student loan accounts to Maximus has received all necessary approvals. Effective today, Maximus replaces Navient as contractor to the Department of Education.

Navient receives approval to transfer Department of Education servicing contract to Maximus

Navient (NAVI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Navient (NAVI) Q3 Earnings Expected to Decline

Navient celebrated as one of 27 companies in Greater Philadelphia paving the way for gender equity Navient celebrated as one of 27 companies in Greater Philadelphia paving the way for gender equity

Navient named Champion of Board Diversity by The Forum of Executive Women

WILMINGTON, Del., Oct. 06, 2021 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI), a leading provider of education loan management and business processing solutions, today announced it will release its 2021 third-quarter financial results on Navient.com/investors after market close on Tuesday, Oct. 26, 2021. Navient will host a conference call to review results on Wednesday, Oct. 27, 2021 at 8 a.m. ET.

Navient to announce third quarter 2021 results on Oct. 26, host earnings call on Oct. 27

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The list of companies that want to service federal student loans is dwindling.

Why Shares of Navient Fell Today

The six million borrowers' accounts will be transferred to Maximus, a government-loan servicing company.

Navient Is Leaving the Federal Student-Loan Business. Its Stock Is Getting Crushed.

Navient (NAVI) will transfer the accounts of nearly six million federal student loan borrowers to Maximus, thereby ceasing the loan payment collections on behalf of the U.S. Department of Education.

Navient (NAVI) to Exit From Federal Student Loan Servicing

MAXIMUS

WILMINGTON, Del. & RESTON, Va.--(BUSINESS WIRE)--Navient (Nasdaq:NAVI) and Maximus (NYSE:MMS) announced today that the companies have signed a definitive agreement.

Navient, Maximus Announce Proposal to Transfer Federal Student Loan Servicing Contract, Pending Government Approval

YTD revenue has already surpassed the analyst forecast for 2021. Navient's total education loan portfolio continues to deteriorate, posing a risk.

Navient Is Set To Rebound With Justified Gross Loan Decrease

SAN FRANCISCO, Sept. 15, 2021 /PRNewswire/ -- Earnest , a fintech company dedicated to making higher education accessible and affordable for everyone, today announced the acquisition of Going Merry , a one-stop financial aid platform where students match to and apply for scholarships, institutional aid, and government grants through a single free application.

Earnest And Going Merry Join Forces To Expand Access To Free Scholarship And Financial Aid Tools For Students

Navient (NAVI) closed at $23.16 in the latest trading session, marking a -0.22% move from the prior day.

Navient (NAVI) Stock Sinks As Market Gains: What You Should Know

Navient (NAVI) closed at $22.50 in the latest trading session, marking a -0.31% move from the prior day.

Navient (NAVI) Stock Moves -0.31%: What You Should Know

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

Navient (NAVI) Up 13.6% Since Last Earnings Report: Can It Continue?

WILMINGTON, Del., Aug. 25, 2021 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI), a leading provider of education loan management and business processing solutions, today announced that President and CEO Jack Remondi will participate in a virtual fireside chat at the Barclays 2021 Global Financial Services Conference on Monday, Sept. 13. Remondi will deliver remarks at 8:10 a.m. ET.

Navient President and CEO to present at Barclays 2021 Global Financial Services Conference on Sept. 13

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WILMINGTON, Del., July 29, 2021 (GLOBE NEWSWIRE) -- Michael Lawson, a well-respected attorney, public servant and civil rights leader, has been appointed to the Navient board of directors, effective Aug. 2, 2021.

Navient names Michael Lawson as new board member

Navient's (NAVI) Q2 earnings reflect a fall in net interest income and provisions.

Navient (NAVI) Q2 Earnings Beat Estimates on Lower Provisions

Navient Corporation (NAVI) CEO Jack Remondi on Q2 2021 Results - Earnings Call Transcript

Navient (NAVI) delivered earnings and revenue surprises of 10.59% and 10.43%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Navient (NAVI) Q2 Earnings and Revenues Top Estimates

WILMINGTON, Del., July 27, 2021 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI), a leading provider of education loan management and business processing solutions, today posted its 2021 second 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 second quarter 2021 financial results

On Tuesday, July 27, Navient (NASDAQ:NAVI) will release its latest earnings report. Check out Benzinga's preview to understand the implications.

Earnings Preview For Navient

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News for Navient Stock (NAVI)