Navient Corp 2024年度报告

(Mark One) ☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year endedDecember 31,2024 Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.Yes☒No☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act.Yes☐No☒ Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject tosuch filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405of Regulation S-T (§ 232.405 of this chapter)during the preceding 12 months (or for such shorter period that the registrant was required to submitsuch files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, oran emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growthcompany” in Rule 12b-2 of the Exchange Act. (Check one): ☐Accelerated filer☐Non-accelerated filer☐Smaller reporting company☐Emerging growth company Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internalcontrol over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm thatprepared or issued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included inthe filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive- based compensationreceived by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ The aggregate market value of common stock held by non-affiliates of the registrant as of June 30, 2024 was $1.1billion (based on closing sale priceof $14.56 per share as reported for the NASDAQ Global Select Market). As of January 31, 2025, there were102,276,303shares of common stock outstanding. DOCUMENTS INCORPORATED BY REFERENCE Portions of the proxy statement (the “2025 Proxy Statement”) relating to the Registrant’s 2025 Annual Meeting of Shareholders, to be filed no laterthan 120 days after the end of the fiscal year covered by this Annual Report on Form 10-K, are incorporated by reference into Part III of this AnnualReport on Form 10-K. Auditor Name:KPMG LLPAuditor Location:McLean, VA TABLE OF CONTENTS Organization of Our Form 10-K The order and presentation of content in our Annual Report on Form 10-K (Form 10-K) differs from the traditional Securities andExchange Commission (SEC) Form 10-K format. Our format is designed to improve readability and to better present how weorganize and manage our business. See Appendix B, "Form 10-K Cross-Reference Index," for a cross-reference index to thetraditional SEC Form 10-K format. Forward-Looking and Cautionary StatementsAvailable InformationUse of Non-GAAP Financial Measures BusinessOverview and Fundamentals of Our BusinessRecent Business DevelopmentsHow We Organize Our BusinessHuman Capital Management’s Discussion and Analysis of Financial Condition and Results of OperationsSelected Historical Financial Information and RatiosThe Year in ReviewResults of OperationsSegment ResultsFinancial ConditionLiquidity and Capital ResourcesCritical Accounting Policies and EstimatesNon-GAAP Financial MeasuresRisk Management Supervision and RegulationLegal ProceedingsRisk FactorsCybersecurityQuantitative and Qualitative Disclosures about Market Risk Properties71Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities71Other Information72Controls and Procedures73Directors, Executive Officers and Corporate Governance74Executive Compensation74Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters74Certain Relationships and Related Transactions, and Director Independence74Principal Accountant Fees and Services74Exhibits and Financial Statement Schedules75Signatures80Financial StatementsF-1Appendix A – Description of Federal Family Education Loan ProgramA-1Appendix B – Form 10-K Cross-Reference IndexB-1GlossaryG-1 FORWARD-LOOKING AND CAUTIONARY STATEMENTS This Form 10-K contains “forward-looking” statements and other information that is based on management’s current