Nelnet Q2 GAAP net income $45.1M ($1.23/sh) up from $27.4M; loan servicing revenue down

NELNET INC

2024-Q2 EPS reported $3.22

GAAP net income $45.1M ($1.23/sh) vs $27.4M ($0.73/sh) YoY; adjusted $43.9M ($1.20/sh).
Loan Servicing revenue $109.1M (-10.6% YoY) due to USDS contract transition; net income $1.7M vs $12.9M.
Education Technology revenue $116.9M (+6.4% YoY); net income $19.5M vs $13.7M.
Nelnet Bank net loss $2.8M vs profit $1.3M; $7.8M provision for loan losses.
AGM net interest income $35.8M; $5.9M credit provision on residual securitization interests.

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.