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

Issuer:     NELNET INC (NNI)
CIK:        0001258602
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001258602-24-000049
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1258602/000125860224000049/0001258602-24-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1258602/000125860224000049/nni-20240808.htm
  HTML page:      https://secwatch.observer/filing/0001258602-24-000049

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