Navient Reports Second-Quarter 2015 Financial Results
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Navient (NAVI) Reports In-Line Q2 EPS
July 21, 2015 4:17 PM EDTNavient (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
