Nelnet Q1 GAAP EPS $1.97 vs $0.71 YoY; adj EPS $1.81; repurchases $75.3M

NELNET INC

2024-Q1 EPS reported $1.97

GAAP net income $73.2M ($1.97/share) vs $26.5M ($0.71) in Q1 2023.
Adj net income ex-derivative $67.2M ($1.81/share) vs $54.9M ($1.47) YoY.
AGM segment net income $25.6M after tax vs loss of $0.2M; loan acquisitions $80.7M.
Education Tech & Payments revenue $143.5M (up 7.4% YoY); net income $36.2M.
YTD repurchased 817,826 shares for $75.3M at avg $92.01; dividend $0.28/share payable June 14.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NELNET INC reported the first quarter of 2024 results: net income $73.2 million, EPS $1.97 per share.

Period: the first quarter of 2024
Net income: $73.2 million
EPS: $1.97 per share
Result: reported results

Exact text from the filing

Nelnet (NYSE: NNI) today reported GAAP net income of $73.2 million, or $1.97 per share, for the first quarter of 2024

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Source: SEC EDGAR

accession 0001258602-24-000038

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