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Mar 31, 2021
Nelnet Q1 2021 Earnings Report
Reported GAAP net income of $123.6 million, or $3.20 per share, for the first quarter of 2021.
Key Takeaways
Nelnet reported a strong first quarter in 2021 with GAAP net income of $123.6 million, or $3.20 per share, compared to a net loss in the same period last year. The company saw increased net interest income, a negative provision for loan losses, and improved contributions from its Loan Servicing and Systems and Education Technology segments.
GAAP net income was $3.20 per share, or $2.44 per share excluding adjustments.
Net interest income increased due to the company's loan portfolio.
A negative provision for loan losses was recognized due to improved economic conditions.
Revenue diversification and exceptional customer experiences are a priority.
Revenue by Segment
Forward Guidance
This press release contains forward-looking statements that are subject to risks and uncertainties.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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