Nelnet Q4 2021 GAAP net income $132.7M ($3.46) vs $235M YoY; director retiring

NELNET INC

2021-FY EPS reported $10.20

GAAP net income $132.7M ($3.46/sh) for Q4 2021, down from $235M ($6.10/sh) YoY.
Net income excl. derivative adjustments $95.9M ($2.50/sh) vs $240.4M ($6.23/sh) YoY.
Loan Servicing & Systems revenue $150.4M (+32% YoY); Education Tech $81.0M (+24% YoY).
Director James P. Abel retiring effective March 17, 2022 after 18 years on board.
Nelnet Bank net loss $0.1M in Q4; loan portfolio $257.9M at Dec 31, 2021.

item 2.02 item 5.02 item 9.01

Executive movements

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Departed

James P. Abel

Director

NNI · NELNET INC

Effective: 2022-03-17
Filed: February 28, 2022, 6:59 PM ET

On February 25, 2022, James P. Abel notified the Company of his retirement from the Company's Board of Directors (the "Board") effective as of March 17, 2022, after more than 18 years of service.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

James P. Abel retired as Director at NELNET INC.

Action: retired
Role: Director

Exact text from the filing

On February 25, 2022, James P. Abel notified the Company of his retirement from the Company's Board of Directors (the "Board") effective as of March 17, 2022, after more than 18 years of service.

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NELNET INC filing history →

Source: SEC EDGAR

accession 0001258602-22-000023

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