secwatch.observer — SEC 8-K summary
======================================

Issuer:     NELNET INC (NNI)
CIK:        0001258602
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0001258602-24-000038
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1258602/000125860224000038/0001258602-24-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1258602/000125860224000038/nni-20240509.htm
  HTML page:      https://secwatch.observer/filing/0001258602-24-000038

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer