{"schema_version":"secwatch.filing_event.v1","accession":"0001258602-23-000047","form_type":"8-K","ticker":"NNI","cik":"0001258602","company_name":"NELNET INC","filed_at":"2023-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.209657+00:00","generated_at":"2026-06-15T12:21:42.007343+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Nelnet Q1 GAAP EPS $0.71 vs $4.91 YoY; adjusted EPS $1.47; new DoEd servicing contract","bullets":["GAAP net income $26.5M ($0.71/sh) down from $186.6M ($4.91/sh) YoY; adjusted net income $54.9M ($1.47/sh) down from $75.9M ($1.99/sh).","AGM segment net interest income $45.5M; provision for loan losses $31.9M vs negative provision in prior year.","Terminated derivative portfolio on March 15 for $183.2M proceeds; post-quarter debt redemption caused $25.9M non-cash expense.","Loan Servicing revenue $139.2M; awarded five-year USDS contract from Department of Education on April 24.","Board declared $0.26/sh dividend, payable June 15 to holders of record June 1."],"urls":{"canonical":"https://secwatch.observer/filing/0001258602-23-000047","json":"https://secwatch.observer/filing/0001258602-23-000047.json","markdown":"https://secwatch.observer/filing/0001258602-23-000047.md","text":"https://secwatch.observer/filing/0001258602-23-000047.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1258602/000125860223000047/0001258602-23-000047-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1258602/000125860223000047/nni-20230508.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T12:21:42.007343+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"64c1e8482fbb9fdc7ba748ba3521446598492a65","claim":"NELNET INC reported the first quarter of 2023 results: net income $26.5 million, EPS $0.71 per share.","evidence_excerpt":"Nelnet (NYSE: NNI) today reported GAAP net income of $26.5 million, or $0.71 per share, for the first quarter of 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1258602/000125860223000047/0001258602-23-000047-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter of 2023"},{"label":"Net income","value":"$26.5 million"},{"label":"EPS","value":"$0.71 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}