Navient Corporation reported first-quarter 2025 Core Earnings Net Income of $26 million, resulting in a diluted EPS of $0.25. The company's revenue before provision for loan losses was $195 million on a Core Earnings basis. GAAP diluted earnings per share was $(0.02).
The company delivered strong performance in its Consumer Lending segment, originating $508 million of private education loans, a 96% increase compared to the first quarter of 2024. Refinance loan originations more than doubled to $470 million, while in-school loan originations grew to $38 million. This growth was achieved while reducing overall operating expenses to $127 million, down from $183 million a year ago, reflecting the impact of divestitures and streamlining efforts.
Navient reaffirmed its full-year 2025 Core EPS guidance in the range of $1.00 to $1.20, which includes an estimated $0.26 per share in net expenses related to transition agreements. The company's Adjusted Tangible Equity ratio stood at 9.9% at quarter-end, and it distributed $51 million to shareholders through dividends and share repurchases.
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