Navient Corporation (NASDAQ:NAVI) Q4 2025 Earnings Call Transcript January 28, 2026Navient Corporation beats earnings expectations. Good morning and welcome to the Navient Fourth Quarter 2025 Earnings Conference Call. Our reported results include an additional provision on our private legacy portfolio and restructuring costs largely related to our expense reduction initiatives. I will review the fourth quarter and full-year 2025 results and will provide our outlook for 2026. We also provided for additional expected credit losses in our private legacy portfolio and recorded restructuring costs related to our expense reduction efforts.