secwatch.observer — SEC 8-K summary
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Issuer:     NELNET INC (NNI)
CIK:        0001258602
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001258602-24-000057
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nelnet Q3 GAAP net income falls to $2.4M ($0.07/sh) from $44.4M; adjusted EPS $0.34 vs $1.12
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- Non-cash provision expense of $29.0M on loan securitizations; $5.6M debt redemption charge; $11.2M solar losses; $8.8M legacy solar project losses.
- AGM loan net interest income $38.4M (down from $51.5M) on FFELP portfolio runoff; average loans $9.8B vs $13.2B.
- Loan Servicing revenue $108.2M (vs $127.9M); net loss $3.5M vs income $18.6M due to USDS contract transition.
- Education Technology revenue $118.2M (up from $113.8M); net income $20.4M vs $16.8M.
- Board declared Q4 dividend of $0.28/share, payable Dec 16 to holders of record Dec 2.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1258602/000125860224000057/0001258602-24-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1258602/000125860224000057/nni-20241107.htm
  HTML page:      https://secwatch.observer/filing/0001258602-24-000057

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