---
schema_version: "secwatch.filing_event.v1"
accession: "0001258602-23-000072"
form_type: "8-K"
ticker: "NNI"
cik: "0001258602"
company_name: "NELNET INC"
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T13:42:14.336494+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Nelnet Q3 GAAP EPS $1.21 vs $2.80 YoY; loan portfolio runoff continues

## Summary
- GAAP net income $45.3M ($1.21/sh) vs $104.8M ($2.80/sh) in Q3 2022; adjusted EPS $1.15 vs $1.73.
- AGM net interest income $51.5M, down from $62.9M; average loan balance $13.2B vs $15.5B.
- Loan Servicing segment revenue $127.9M vs $134.2M; servicing 16.2M borrowers with $539.3B in loans.
- Education Tech segment revenue $113.8M, up from $106.9M; net income $16.8M vs $14.1M.
- Board declares $0.28/sh dividend payable Dec 15; impairment $5.0M on real estate leases.

## SEC filing metadata
- accession: 0001258602-23-000072
- form_type: 8-K
- ticker: NNI
- cik: 0001258602
- company_name: NELNET INC
- filed_at: 2023-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1258602/000125860223000072/0001258602-23-000072-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1258602/000125860223000072/nni-20231107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001258602-23-000072
- JSON: https://secwatch.observer/filing/0001258602-23-000072.json
- Plain text: https://secwatch.observer/filing/0001258602-23-000072.txt

## Key facts
- Earnings Releases
  NELNET INC reported the third quarter of 2023 results: net income GAAP net income of $45.3 million, or $1.21 per share, EPS $1.21 per share.
  - Period: the third quarter of 2023
  - Net income: GAAP net income of $45.3 million, or $1.21 per share
  - EPS: $1.21 per share
  - Result: reported results
  source text: On November 7, 2023, Nelnet, Inc. (the “Company”) issued a press release with respect to its financial results for the quarter ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1258602/000125860223000072/0001258602-23-000072-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.