Navient Holdings, Inc. Form 8-K — Nov 4, 2026
Navient reported Q3 2026 GAAP net income of $15 million ($0.16 per diluted share), a sharp swing from a net loss of $86 million in the year-ago quarter, but Core Earnings were just $3 million ($0.03 per diluted share). The quarter was dominated by portfolio actions: Navient sold roughly $750 million of Legacy Private Education Loans for a $162 million gain and classified approximately $2.4 billion of additional loans as held for sale, while electing fair value accounting for new In-School Loan originations.
Key figures
- Eps
- 0.16
- Revenue
- 42000000
- Net Income
- 15000000
- Total Assets
- 46128000000
- Cash Position
- 701000000
- Shares Outstanding
- 94 million weighted average diluted
- Core eps
- 0.03
- Core earnings
- $3 million ($0.03 per diluted share)
- Ffelp loans net
- $25,898 million
- Gain on loan sale
- $162 million on sale of ~$750 million Legacy Private Education Loans
- Effective tax rate
- (18)%
- Q3 2025 net income
- net loss of $86 million ($0.87 per diluted share)
- Loans held for sale
- ~$2.4 billion newly classified
- Loan originations q3
- $1.4 billion, up 77% YoY under Earnest brand
- Share repurchases q3
- 1.1 million shares for $10 million
- In school originations
- $479 million, up 84% YoY
- Net interest income q3
- $47 million vs $65 million year-ago
- Refinance originations
- $870 million, up 65% YoY
- Provision for loan losses
- $214 million (vs $155 million year-ago)
- Insurance proceeds benefit
- $15 million related to prior litigation
- Personal loan originations
- $46 million vs $0 prior year
- Private education loans net
- $15,254 million
- Private loans 90day delinquencies
- $274 million, down from $433 million
AI analysis
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