Core Viewpoint - Navient's recent earnings report indicates a mixed performance, with adjusted earnings per share (EPS) surpassing estimates but overall financial metrics showing declines, leading to a negative market reaction [2][3][5]. Financial Performance - For Q4 2025, Navient reported adjusted EPS of 39 cents, exceeding the Zacks Consensus Estimate of 31 cents, compared to 25 cents in the prior-year quarter [2]. - The company experienced a GAAP net loss of $5 million, contrasting with a net income of $24 million in the same quarter last year [4]. - Net interest income (NII) declined 3.7% year over year to $129 million, missing the Zacks Consensus Estimate by 3.3% [6]. - Total expenses decreased by 34.2% year over year to $100 million [6]. Segment Performance - The Federal Education Loans segment generated a net income of $27 million, significantly up from $10 million in the prior year [7]. - The Consumer Lending segment reported a net income of $25 million, down 32.4% from the year-ago quarter [7]. - The delinquency rate for private education loans greater than 30 days increased to 6.3% from 6.1% in the prior year [8]. Liquidity and Capital Management - As of December 31, 2025, the company had $637 million in total unrestricted cash and liquid investments [9]. - In Q4, Navient paid $15 million in common stock dividends and repurchased shares for $26 million [10]. 2026 Outlook - Core EPS is projected to be between 65 cents and 80 cents, with loan originations expected to reach $4 billion, a 60% increase compared to 2025 [11]. - Total expenses for the full year 2026 are anticipated to be $350 million [11]. Market Reaction and Estimates - Following the earnings release, there has been a downward trend in consensus estimates, with a shift of -8.63% [12]. - Navient currently holds a Zacks Rank of 5 (Strong Sell), indicating expectations of below-average returns in the coming months [14].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) Commission file number 001-36228 Navient Corporation (Exact Name of Registrant as Specified in Its Charter) | Delaware | 46-4054283 | | --- | --- | | (State or Other Jurisdiction of | (I.R.S. Employer | | Incorporation or Organization) | Identification No.) | 13865 Sunrise Valley Drive, Herndon, Virginia 20171 (302) 283-8000 (Address of Principal Executive Offices) (Zip Code) (Telephone Number) Securities registered ...

Core Insights - Debt is increasingly influencing romantic compatibility among Americans, with 55% of participants identifying at least one type of debt as a dealbreaker, particularly payday loans (41%) and high-interest credit card debt (14%) [1] Group 1: Debt and Relationships - A significant 60% of respondents cite money as the primary source of relationship tension, yet 61% wait until they are exclusive to disclose their debt, leading to stress and mistrust [2] - Unmanaged debt is viewed as a sign of an unmanaged life, with a clear repayment strategy transforming debt from a red flag to a green flag in dating [3] Group 2: Emotional Impact and Communication - 25% of daters consider debt the most avoided conversation topic, more uncomfortable than politics (22%), religion (7%), or family drama (7%) [6] - Nearly half (43%) of respondents report that their dating confidence is affected by how their debt is perceived, with 11% feeling 'undateable' due to their debt [6] Group 3: Financial Conflict and Perceptions - The primary causes of financial conflict in relationships are differences in spending habits (58%) and stress about making ends meet (58%), with one-third (33%) citing financial avoidance as a significant stressor [6] - Respondents are nearly five times more accepting of student loan debt (threshold of ~$55K) compared to credit card debt (~$12K), indicating a more sympathetic view towards "investment debt" [6] Group 4: Impact on Relationship Progression - Debt can hinder couples from progressing in their relationship; 23% would delay moving in with a partner carrying $20K–$49K in non-mortgage debt, while 15% state that no amount of debt would prevent cohabitation [6]

Group 1 - Caleres, Inc. (CAL) is a footwear company with a Zacks Consensus Estimate for its current year earnings revised 66.7% downward over the last 60 days [1] - HighPeak Energy, Inc. (HPK) is an oil and gas exploration and production company with a Zacks Consensus Estimate for its current year earnings revised 6.5% downward over the last 60 days [1] - Navient Corporation (NAVI) is an education technology and financial services company with a Zacks Consensus Estimate for its current year earnings revised 6.7% downward over the last 60 days [2]

Core Viewpoint - Navient Corporation is a prominent player in the student loan servicing industry, with a recent price target set by Morgan Stanley indicating a potential upside for investors [1][6]. Financial Performance - In Q4 2025, Navient reported an adjusted EPS of 39 cents, surpassing the Zacks Consensus Estimate of 31 cents, and showing improvement from 25 cents in the same quarter the previous year [2][6]. - The company's provisions for loan losses had a significant impact of 26 cents per share, reflecting the macroeconomic outlook [4]. Stock Performance - Despite strong EPS results, Navient's shares declined nearly 10.8% in early trading due to a decrease in net interest income (NII) and other income compared to the previous year [3][6]. - The current stock price is $9.81, down 18.52% from a change of $2.23, with fluctuations between a low of $9.77 and a high of $11.92 on the same day [4][5]. Market Position - Navient has a market capitalization of approximately $975.42 million and a trading volume of 2,643,826 shares on NASDAQ, indicating its significance in the student loan servicing sector [5].

Core Insights - Navient Corporation (NAVI) reported fourth-quarter 2025 adjusted earnings per share (EPS) of 39 cents, exceeding the Zacks Consensus Estimate of 31 cents, compared to 25 cents in the prior-year quarter [1][9] Financial Performance - The results were supported by lower expenses and a slight decline in provisions for loan losses, but faced challenges from a decrease in net interest income (NII) and other income, leading to a nearly 10.8% drop in shares during early trading [2][9] - The adjusted loss per share for 2025 was 35 cents, wider than the Zacks Consensus Estimate of a loss of 6 cents per share, contrasting with the adjusted EPS of $2 reported in the previous year [4] - The company reported a GAAP net loss of $80 million for 2025, compared to a net income of $131 million in the prior year [4] Income and Expenses - NII declined 3.7% year over year to $129 million in the fourth quarter, missing the Zacks Consensus Estimate by 3.3% [5] - Total other income decreased 48.3% year over year to $15 million [5] - Total expenses decreased 34.2% year over year to $100 million [6] Segment Performance - Federal Education Loans segment generated a net income of $27 million, significantly up from $10 million in the year-ago quarter [7] - Consumer Lending segment reported a net income of $25 million, down 32.4% from the year-ago quarter [7] - The private education loan delinquency rate greater than 30 days was 6.3%, slightly up from 6.1% in the prior-year quarter [8] Liquidity and Capital Distribution - As of Dec. 31, 2025, the company had $637 million in total unrestricted cash and liquid investments [11] - In the fourth quarter, NAVI paid $15 million in common stock dividends and repurchased shares of common stock for $26 million [12] Strategic Outlook - The company is expected to utilize various sources to meet liquidity needs, including cash and investment portfolio, predictable operating cash flows, and potential issuance of asset-backed securities [10] - Strategic actions to control expenses are anticipated to support financials in the upcoming period, despite concerns over weaker NII [13]

For the quarter ended December 2025, Navient (NAVI) reported revenue of $129 million, down 3.7% over the same period last year. EPS came in at $0.39, compared to $0.25 in the year-ago quarter.The reported revenue represents a surprise of -3.26% over the Zacks Consensus Estimate of $133.35 million. With the consensus EPS estimate being $0.31, the EPS surprise was +25.2%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expe ...

分组1 - Navient reported quarterly earnings of $0.39 per share, exceeding the Zacks Consensus Estimate of $0.31 per share, and showing an increase from $0.25 per share a year ago, resulting in an earnings surprise of +25.20% [1] - The company posted revenues of $129 million for the quarter ended December 2025, which was a 3.26% miss compared to the Zacks Consensus Estimate, and a decrease from $134 million in the same quarter last year [2] - Over the last four quarters, Navient has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] 分组2 - The stock has underperformed the market, losing about 7.4% since the beginning of the year, while the S&P 500 has gained 1.9% [3] - The current consensus EPS estimate for the upcoming quarter is $0.20 on revenues of $141.82 million, and for the current fiscal year, it is $1.15 on revenues of $566.07 million [7] - The Financial - Consumer Loans industry, to which Navient belongs, is currently ranked in the bottom 38% of over 250 Zacks industries, indicating potential challenges for stock performance [8]

Core Viewpoint - Navient has released its fourth quarter financial results for 2025, indicating ongoing performance and strategic direction in the education finance sector [1]. Group 1: Financial Results - The complete financial results for the fourth quarter of 2025 are available on Navient's investor website [1]. - A live audio webcast discussing these results will be hosted by the company's president and CEO, David Yowan, along with CFO Steve Hauber [1]. Group 2: Company Overview - Navient focuses on creating long-term value for customers and investors through responsible lending, flexible refinancing, and trusted servicing oversight [3]. - The company leverages decades of expertise in education finance and portfolio management to support its operations [3]. - Through its Earnest business, Navient aims to help customers achieve financial success via digital financial services [3].

Exhibit 99.2 NAVIENT REPORTS FOURTH-QUARTER 2025 FINANCIAL RESULTS HERNDON, Va., January 28, 2026 — Navient (Nasdaq: NAVI) today released its fourth-quarter 2025 financial results. | 4Q25 | • | GAAP net loss of $5 million ($0.06 diluted loss per share). | OVERALL | (1) | • | Core Earnings | net income of $2 million ($0.02 diluted earnings per share). | | --- | --- | --- | --- | --- | --- | --- | --- | | RESULTS | 4Q25 | • | GAAP and Core Earnings results included: | | | | | | SIGNIFICANT | o | $43 million p ...