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 reported third-quarter 2025 results with a GAAP net loss of $86 million ($0.87 per diluted share) and a Core Earnings net loss of $83 million ($0.84 per diluted share). Results reflected a $168 million provision for loan losses, including $13 million for FFELP and $155 million for Private Education Loans; of this, $17 million tied to new originations and the remainder to elevated delinquencies, macro outlook, and FFELP portfolio extension.
Segment performance was mixed: the Federal Education Loans segment earned $35 million with a 0.84% net interest margin, while Consumer Lending posted a $76 million net loss with a 2.39% margin. FFELP prepayments fell to $268 million from $1.0 billion a year ago, supporting a $11 million net benefit to net interest income from lower prepayment assumptions. Private Education Loan originations were $788 million in Q3 and $1.8 billion for the first nine months of 2025.
Capital actions included $26 million of share repurchases, a new $100 million buyback authorization, and $16 million in dividends. The company issued $543 million of asset-backed securities. The GAAP equity‑to‑asset ratio was 4.9% and the Adjusted Tangible Equity Ratio was 9.3%. As of September 30, 2025, common shares outstanding were 97,506,705.
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.