secwatch.observer — SEC 8-K summary
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Issuer:     NELNET INC (NNI)
CIK:        0001258602
Form:       8-K
Filed at:   2023-02-28T23:59:59+00:00
Accession:  0001258602-23-000025
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nelnet Q4 2022 GAAP net income $30.8M, down 77% YoY; adjusted EPS $0.98 vs $2.50
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- GAAP net income Q4 2022: $30.8M ($0.83 per share) vs $132.7M ($3.46) YoY.
- Net income excluding derivative adjustments: $36.4M ($0.98 per share) vs $95.9M ($2.50) YoY.
- AGM net interest income net of derivative settlements $79.3M, up from $64.3M; core loan spread 1.77% vs 1.36%.
- Loan Servicing revenue $140.0M (down from $150.4M); servicing volume $587.5B (up from $529.0B).
- Education Technology revenue $98.3M (up from $81.0M); segment net income $5.8M (down from $8.0M).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1258602/000125860223000025/0001258602-23-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1258602/000125860223000025/nni-20230228.htm
  HTML page:      https://secwatch.observer/filing/0001258602-23-000025

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