Nelnet (NNI) Misses Q4 EPS by 59c

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Go back to Nelnet (NNI) Misses Q4 EPS by 59c

Nelnet Reports Fourth Quarter 2022 Results

February 28, 2023 4:15 PM EST

LINCOLN, Neb., Feb. 28, 2023 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported GAAP net income of $30.8 million, or $0.83 per share, for the fourth quarter of 2022, compared with GAAP net income of $132.7 million, or $3.46 per share, for the same period a year ago.

Net income, excluding derivative market value adjustments1, was $36.4 million, or $0.98 per share, for the fourth quarter of 2022, compared with $95.9 million, or $2.50 per share, for the same period in 2021.

"Our core businesses, including servicing, payments and education... More