secwatch.observer — SEC 8-K summary
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Issuer:     NELNET INC (NNI)
CIK:        0001258602
Form:       8-K
Filed at:   2022-02-28T23:59:59+00:00
Accession:  0001258602-22-000023
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1258602/000125860222000023/0001258602-22-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1258602/000125860222000023/nni-20220225.htm
  HTML page:      https://secwatch.observer/filing/0001258602-22-000023

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer