Nelnet Q3 GAAP EPS $2.80 up 103% YoY; adjusted EPS $1.73 up 41%

NELNET INC

2022-Q3 EPS reported $9.99

GAAP net income $104.8M ($2.80/share) vs $53.1M ($1.38) a year ago.
Adjusted net income (ex-derivative MVA) $64.5M ($1.73/share) vs $47.6M ($1.23).
Loan Servicing & Systems revenue $134.2M (+19% YoY); servicing $590.4B for 17.5M borrowers.
Education Technology revenue $106.9M (+25% YoY); revenue less direct costs $64.2M.
Board declared Q4 dividend $0.26/share, payable Dec 15, record Dec 1; $93.2M spent on buybacks YTD.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NELNET INC reported the quarter ended September 30, 2022 results: net income $104.8 million, EPS $2.80 per share.

Period: the quarter ended September 30, 2022
Net income: $104.8 million
EPS: $2.80 per share
Result: reported results

Exact text from the filing

On November 7, 2022, Nelnet, Inc. (the “Company”) issued a press release with respect to its financial results for the quarter ended September 30, 2022.

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Source: SEC EDGAR

accession 0001258602-22-000059

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