Navient Reports Second-Quarter 2015 Financial Results

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Go back to Navient Reports Second-Quarter 2015 Financial Results

Navient (NAVI) Reports In-Line Q2 EPS

July 21, 2015 4:17 PM EDT

Navient (NASDAQ: NAVI) reported Q2 EPS of $0.40, in-line with the analyst estimate of $0.40.

Federally Guaranteed Student Loans (FFELP)

In its FFELP loans segment, Navient acquires and finances FFELP loans.

Core earnings for the segment were $93 million in second-quarter 2015, compared with the year-ago quarter's $72 million. This increase was primarily the result of a $30 million increase in servicing fees and a $9 million reduction in expenses. This was partially offset by an $18 million decrease in net interest income due to a decline in the net interest margin.

The company acquired... More