Nelnet Q1 2022 Earnings Report
Key Takeaways
Nelnet reported a strong first quarter with GAAP net income of $186.6 million, or $4.91 per share, compared to $123.6 million, or $3.20 per share, for the same period last year. The company's Loan Servicing and Systems segment saw revenue increase due to additional work on the TPD discharge program and increased servicing volume.
Nelnet reported GAAP net income of $186.6 million, or $4.91 per share, for Q1 2022.
Net income, excluding derivative market value adjustments, was $75.9 million, or $1.99 per share, for Q1 2022.
The company operates four primary business segments: Asset Generation and Management, Nelnet Bank, Loan Servicing and Systems, and Education Technology, Services, and Payment Processing.
The Board of Directors declared a second quarter cash dividend of $0.24 per share and authorized a new stock repurchase program.
Nelnet
Nelnet
Nelnet Revenue by Segment
Forward Guidance
This press release contains forward-looking statements and is subject to known and unknown risks, uncertainties, assumptions, and other factors that may cause the actual results and performance to be materially different from any future results or performance expressed or implied by such forward-looking statements.
Revenue & Expenses
Visualization of income flow from segment revenue to net income