Every 8-K that Navient Corporation (JSM) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow JSM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full JSM filings page.
Navient Corporation reported second-quarter 2026 GAAP net income of $25 million, or $0.26 diluted earnings per share, compared with $14 million, or $0.13, a year earlier. For the first six months of 2026, GAAP net income was $42 million versus $11 million in the prior-year period. On a Core Earnings basis, net income was $27 million and diluted EPS was $0.29 for the quarter.
In the Consumer Lending segment, net income was $27 million with a net interest margin of 2.26%. Navient originated $815 million of Private Education Loans, a 63% increase from $500 million, including $735 million of refinance originations versus $443 million. Consumer Lending provision for loan losses fell to $18 million from $29 million, while net charge-offs declined and 90‑day delinquencies decreased to $349 million from $459 million, though management notes delinquency and default levels remain elevated. The Federal Education Loans segment generated net income of $26 million versus $30 million a year ago, with a net interest margin of 0.68%.
Operating expenses were $82 million, down from $100 million in the prior-year quarter, reflecting lower transition and restructuring costs partly offset by higher marketing spend. Navient reported a GAAP equity‑to‑asset ratio of 5.1% and an adjusted tangible equity ratio of 9.0%, with total assets of $47.3 billion and total equity of $2.4 billion as of June 30, 2026. Liquidity included $770 million of unrestricted cash and total primary liquidity sources of $1.1 billion. During the quarter, Navient issued $500 million of unsecured debt and $1.3 billion of asset‑backed securities, paid $15 million in common dividends, and repurchased $2 million of common shares. The CEO stated that Navient is “moving forward in a position of strength,” citing benefits from its strategic transformation.
Navient Corporation reports a material cybersecurity incident at a third‑party law firm that provides services to the company. A ransomware attack on the firm’s systems allowed an unauthorized actor to access Company‑related borrower data, including customer names, dates of birth, addresses and Social Security numbers.
Navient engaged external cybersecurity experts, is notifying affected individuals and regulators under applicable laws, and has informed law enforcement. The incident was limited to the law firm’s environment, with no identified unauthorized access to Navient’s own systems and no disruption to operations or customer services. As of this report, Navient does not believe the incident is reasonably likely to have a material impact on its financial condition or results of operations.
Navient Corporation reported the results of its 2026 Annual Meeting of Shareholders. As of the April 6, 2026 record date, 93,989,417 common shares were outstanding, and 87,236,916 shares, or about 92.81% of those entitled to vote, were represented in person or by proxy.
Shareholders elected six directors, including Frederick Arnold, Edward J. Bramson, Anna Escobedo Cabral, Larry A. Klane, Michael A. Lawson, and David L. Yowan, each receiving substantially more votes "for" than "against." They also ratified KPMG LLP as independent registered public accounting firm for the year ending December 31, 2026.
In advisory votes, shareholders approved the compensation of Navient’s named executive officers and expressed a preference for holding future say-on-pay votes every one year, with one-year frequency receiving the largest support among the alternatives.
Navient Corporation completed a public debt offering of $500,000,000 aggregate principal amount of its 9.375% Senior Notes due 2031. The notes were sold to an underwriting syndicate for resale to the public under Navient’s effective shelf registration statement on Form S-3, using a related prospectus and prospectus supplement.
The notes were issued under Navient’s existing base indenture dated July 18, 2014, as amended by a seventeenth supplemental indenture dated May 29, 2026, with The Bank of New York Mellon serving as trustee. The underwriting agreement includes customary covenants, representations, warranties, indemnification and contribution provisions.
Navient Corporation reported improved profitability for the quarter ended March 31, 2026. GAAP net income was $17 million, or $0.17 diluted earnings per share, compared with a net loss of $2 million, or $0.02 per share, a year earlier. Core Earnings net income was $19 million, down from $26 million.
In the Consumer Lending segment, net income was $35 million as Navient originated $818 million of Private Education Loans, a 61% increase from $508 million, driven largely by $778 million of refinance originations. Net interest margin in this segment was 2.48%, while delinquency and forbearance rates improved modestly.
The Federal Education Loans segment generated $22 million of net income with a 0.65% net interest margin as the FFELP portfolio continued to pay down. Company-wide, Navient maintained a GAAP equity-to-asset ratio of 4.9% and an adjusted tangible equity ratio of 8.9%, repurchased $23 million of common stock, paid $15 million in dividends, and issued $683 million of asset-backed securities to support funding.
Navient Corporation announced a leadership transition in which Board Chair Edward J. Bramson will become President and Chief Executive Officer effective June 5, 2026. Current President and CEO David L. Yowan will step down from those roles on the same date but remain on the Board.
Bramson, age 75, has decades of experience leading multiple publicly traded companies and is a partner at turnaround investment firm Sherborne Investors. He will continue to serve as Board Chair, while director Larry Klane becomes lead independent director. Yowan will receive contractual termination benefits and an accelerated 2026 Management Incentive Plan bonus at 100% of target, payable on June 5, 2026.
Director Jane Thompson will retire from the Board at the conclusion of Navient’s 2026 Annual Meeting of Stockholders, expected on June 4, 2026, and the Board size will be reduced to six members. The filing also notes a 2025 services agreement under which Beatrice Associates received $868,328 in compensation.
Navient Corporation filed a current report to let investors know that its financial results for the quarter ended December 31, 2025 are now available. The company issued an informational press release on January 28, 2026 and posted the quarterly results on the investor section of its website.
The filing also notes that copies of the general press release and the detailed financial press release are included as Exhibits 99.1 and 99.2. This update mainly directs investors to these materials rather than presenting specific financial figures in the report itself.
Navient Corporation is reshaping its leadership team to align with its business strategy. Effective January 7, 2026, Steve Hauber, previously Executive Vice President and Chief Administrative Officer, becomes Executive Vice President, Chief Financial Officer and Principal Accounting Officer, while retaining oversight of legal, internal audit, risk management and corporate compliance. He has been with the company since 2003 and has a business and accounting background from the University of North Carolina at Chapel Hill.
Executive Vice President and Chief Operating Officer Troy Standish will also take on additional responsibilities for technology and human resources. Former CFO Joe Fisher ceased serving as Executive Vice President, Chief Financial Officer and Principal Accounting Officer on January 6, 2026 and will assist with transition activities before leaving during the first quarter. Hauber’s base salary will increase to $525,000 with a target annual bonus of 125% of salary, plus RSUs and PSUs each with a grant date fair value of $637,500. Standish’s base salary will rise to $450,000 with a 125% target bonus, RSUs of $450,000 and PSUs of $450,000, with RSUs vesting in thirds over three years and PSUs tied to performance under the 2026 Long-Term Incentive Program.
Navient Corporation filed a Form 8-K to notify investors that it has released a new investor presentation. On November 19, 2025, the company made a presentation titled “Phase 2 Strategy Update” available on its website at navient.com/investors. The same presentation is also being furnished as Exhibit 99.1 to this report. This filing is primarily informational and is meant to give investors access to updated strategic information through the posted materials.
Navient Corporation filed an 8-K noting it has posted financial results for the quarter ended September 30, 2025 on the Investor page of its website. The company also issued informational press releases about these results, furnished as Exhibit 99.1 and Exhibit 99.2.