Navient Corporation reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported net loss was USD 28 million compared to net income of USD 105 million a year ago. Basic loss per share from continuing operations was USD 0.25 compared to basic earnings per share from continuing operations of USD 0.79 a year ago. Diluted loss per share from continuing operations was USD 0.25 compared to diluted earnings per share from continuing operations of USD 0.78 a year ago.
For the full year, net income was USD 228 million compared to USD 645 million a year ago. Basic earnings per share from continuing operations was USD 1.87 compared to USD 4.54 a year ago. Diluted earnings per share from continuing operations was USD 1.85 compared to USD 4.49 a year ago.