Navient Corporation (NAVI) Q1 2023 Earnings Call Transcript

Navient Company (NASDAQ:NAVI) Q1 2023 Earnings Convention Name April 26, 2023 8:00 AM ET

Firm Members

Jen Earyes – Head of Investor Relations

Jack Remondi – President and Chief Government Officer

Joe Fisher – Government Vice President and Chief Monetary Officer

Convention Name Members

Mark DeVries – Barclays

John Hecht – Jefferies

Arren Cyganovich – Citi

Moshe Orenbuch – Credit score Suisse

Invoice Ryan – Seaport Analysis Companions

Giuliano Bologna – Compass Level

Jeff Adelson – Morgan Stanley

Rick Shane – JPMorgan


Good day and thanks for standing by. Welcome to the Navient First Quarter 2023 Earnings Convention Name. At the moment, all members are in a listen-only mode. After the audio system’ presentation, there can be a question-and-answer session. [Operator Instructions] Please be suggested that right now’s convention could also be recorded.

I might now like handy the convention over to your speaker host for right now, Jen Earyes, Vice President, Investor Relations. Please go forward.

Jen Earyes

Thanks Shannon. Hi there, good morning, and welcome to Navient’s earnings name for the primary quarter of 2023. With me right now are Jack Remondi, Navient’s CEO; and Joe Fisher, Navient’s CFO. After their ready remarks, we’ll open up the decision for questions.

Earlier than we start, remember our dialogue will comprise predictions, expectations, forward-looking statements, and different details about our enterprise that’s primarily based on administration’s present expectations as of the date of this presentation. Precise outcomes sooner or later could also be materially completely different from these mentioned right here. This could possibly be resulting from quite a lot of components. Listeners ought to seek advice from the dialogue of these components on the corporate’s Kind 10-Okay and different filings with the SEC.

Throughout this convention name, we’ll seek advice from non-GAAP monetary measures, together with core earnings, adjusted tangible fairness ratio, and numerous different non-GAAP monetary measures which can be derived from