Navient Corporation reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported net income was USD 105 million compared to net loss of USD 11 million a year ago. Basic earnings per share from continuing operations was USD 0.79 compared to basic loss per share from continuing operations of USD 0.07 a year ago. Diluted earnings per share from continuing operations was USD 0.78 compared to diluted loss per share from continuing operations of USD 0.07 a year ago.
For the full year, net income was USD 645 million compared to USD 717 million a year ago. Basic earnings per share from continuing operations was USD 4.54 compared to USD 4.23 a year ago. Diluted earnings per share from continuing operations was USD 4.49 compared to USD 4.18 a year ago.