Nelnet Q2 GAAP EPS $0.75 vs $2.26 YoY; debt redemption charge $0.53/share

NELNET INC

2023-Q2 EPS reported $1.46

GAAP net income $28.3M ($0.75/share) vs $85.1M ($2.26); adjusted EPS $0.71 vs $1.44.
Early debt redemption caused $25.9M non-cash expense ($0.53/share after tax).
AGM core loan spread fell to 1.06% from 1.61%; floor income dropped to $0.5M from $22M.
Education Technology revenue $109.9M (+21% YoY); Loan Servicing revenue $122M (flat).
Won USDS contract from Dept of Education; quarterly dividend maintained at $0.26/share.

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 0.95

NELNET INC reported the quarter ended June 30, 2023 results: net income $28.3 million, or $0.75 per share.

Period: the quarter ended June 30, 2023
Net income: $28.3 million, or $0.75 per share
Result: reported results

Exact text from the filing

Nelnet Reports Second Quarter 2023 Results LINCOLN, Neb., August 7, 2023 - Nelnet (NYSE: NNI) today reported GAAP net income of $28.3 million, or $0.75 per share, for the second quarter of 2023

View on SEC.gov

Browse all earnings releases →

NELNET INC filing history →

Source: SEC EDGAR

accession 0001258602-23-000061

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.