secwatch.observer — SEC 8-K summary
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Issuer:     NELNET INC (NNI)
CIK:        0001258602
Form:       8-K
Filed at:   2022-11-07T23:59:59+00:00
Accession:  0001258602-22-000059
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1258602/000125860222000059/0001258602-22-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1258602/000125860222000059/nni-20221107.htm
  HTML page:      https://secwatch.observer/filing/0001258602-22-000059

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