Navient (NAVI) Company Overview

Navient Corporation (NASDAQ:NAVI ) Q4 2024 Results Conference Call January 29, 2025 8:00 AM ET Company Participants Jen Earyes - Head of Investor Relations David Yowan - Chief Executive Officer Edward Bramson - Vice Chair of Board of Directors Joe Fisher - Chief Financial Officer Conference Call Participants Sanjay Sakhrani - KBW Bill Ryan - Seaport Research Rick Shane - JPMorgan Moshe Orenbuch - TD Cowen Nate Richam - Bank of America Terry Ma - Barclays Jeff Adelson - Morgan Stanley Mark DeVries - Deutsche Bank Ryan Shelley - Bank of America Operator Ladies and gentlemen, thank you for standing by, and welcome to Navient's Fourth Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode.

NAVI's Q4 earnings benefit from an increase in other income and a decline in expenses. However, lower NII remains a concern.

The headline numbers for Navient (NAVI) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

NAVI's fourth-quarter 2024 earnings are likely to have been negatively impacted by declines in non-interest income and other income.

Navient Corp NAVI ended the third quarter with an adjusted cash position of $572 million, or $5.35 per share.

HERNDON, Va., Jan. 08, 2025 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI) will host an audio webcast to review its 2024 fourth quarter and year-end financial results on Wednesday, Jan. 29, 2025, at 8:00 a.m. Eastern Time. The results are scheduled to be released the same day by 7:00 a.m. on Navient.com/investors. In addition to being available on the company's investor website, the results will be filed with the SEC on a Form 8-K available at SEC.gov.

LOS ANGELES--(BUSINESS WIRE)--Gallant Capital Partners (“Gallant”) announced that it has signed a definitive agreement to acquire the Government Services business (“NGS” or the “Company”) of Navient Corporation (Nasdaq: NAVI). NGS provides tech-enabled outsourced business processing to U.S. federal, state, and local government clients. NGS is a leader in the tolling and parking technology and services market and provides other mission-critical services to government agencies including call cent.

NAVI's muted top-line growth, along with high debt levels, poses near-term concerns for the stock. Yet, the Fed's rate cuts may offer some support.

HERNDON, Va., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Navient (Nasdaq: NAVI) announced today that it has reached an agreement to sell its Government Services business to an affiliate of Gallant Capital Partners, LLC, a Los Angeles-based investment firm.