Navient Corporation (NASDAQ:NAVI) Q1 2023 Earnings Conference Call April 26, 2023 8:00 AM ET
Company Participants
Jen Earyes - Head of Investor Relations
Jack Remondi - President and Chief Executive Officer
Joe Fisher - Executive Vice President and Chief Financial Officer
Conference Call Participants
Mark DeVries - Barclays
John Hecht - Jefferies
Arren Cyganovich - Citi
Moshe Orenbuch - Credit Suisse
Bill Ryan - Seaport Research Partners
Giuliano Bologna - Compass Point
Jeff Adelson - Morgan Stanley
Rick Shane - JPMorgan
Operator
Good day and thank you for standing by. Welcome to the Navient First Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference may be recorded.
I would now like to hand the conference over to your speaker host for today, Jen Earyes, Vice President, Investor Relations. Please go ahead.
Jen Earyes
Thank you Shannon. Hello, good morning, and welcome to Navient's earnings call for the first quarter of 2023. With me today are Jack Remondi, Navient's CEO; and Joe Fisher, Navient's CFO. After their prepared remarks, we will open up the call for questions.
Before we begin, keep in mind our discussion will contain predictions, expectations, forward-looking statements, and other information about our business that is based on management's current expectations as of the date of this presentation. Actual results in the future may be materially different from those discussed here. This could be due to a variety of factors. Listeners should refer to the discussion of those factors on the company's Form 10-K and other filings with the SEC.
During this conference call, we will refer to non-GAAP financial measures, including core earnings, adjusted tangible equity ratio, and various other non-GAAP financial measures that are derived from core earnings. We will also refer to adjusted core earnings, which are measurements derived from core earnings and adjusted to exclude expenses related to regulatory and restructuring costs.
Our GAAP results and description of our non-GAAP financial measures can be found in the first quarter 2023 supplemental earnings disclosure, which is posted on Navient.com/investors. You will find more information about these measures beginning on Page 15 of Navient's first quarter 2023 earnings release. There is also a full reconciliation of core earnings to GAAP results included in the disclosure. You can view and download presentation slides, including slides you may find useful during this call. On the events and presentations section of Navient.com/investors. Thank you.