Nelnet Q2 2021 Earnings Report
Key Takeaways
Nelnet reported a GAAP net income of $83.9 million, or $2.16 per share, for the second quarter of 2021, compared to $86.5 million, or $2.21 per share, for the same period a year ago. The company is focused on improving customer experiences, enhancing the work environment, and investing in business diversification.
Net income, excluding derivative market value adjustments, was $85.1 million, or $2.20 per share.
Asset Generation and Management segment reported net interest income of $81.3 million.
Loan Servicing and Systems segment revenue was $112.1 million, servicing $506.6 billion in loans for 15.5 million borrowers.
Education Technology, Services, and Payment Processing segment revenue was $76.7 million.
Nelnet
Nelnet
Nelnet Revenue by Segment
Forward Guidance
This press release contains forward-looking statements within the meaning of federal securities laws. These statements are based on management's current expectations as of the date of this release and are 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