secwatch.observer — SEC 8-K summary
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Issuer:     NELNET INC (NNI)
CIK:        0001258602
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0001258602-23-000072
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1258602/000125860223000072/0001258602-23-000072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1258602/000125860223000072/nni-20231107.htm
  HTML page:      https://secwatch.observer/filing/0001258602-23-000072

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