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Jun 30, 2024
Nelnet Q2 2024 Earnings Report
Reported GAAP net income and strong operating results.
Key Takeaways
Nelnet reported a strong second quarter in 2024, with GAAP net income of $45.1 million, or $1.23 per share, compared to $27.4 million, or $0.73 per share, for the same period a year ago. The company's operating results and cash generation from its businesses continue to be strong, and it is capitalizing on market opportunities through loan acquisitions and strategic investments.
Nelnet reported GAAP net income of $45.1 million, or $1.23 per share.
Net income, excluding derivative market value adjustments, was $43.9 million, or $1.20 per share.
The company began earning revenue under its new Unified Servicing and Data Solution (USDS) contract on April 1, 2024.
Nelnet's Board of Directors declared a third-quarter cash dividend of $0.28 per share.
Revenue by Segment
Forward Guidance
Nelnet's forward-looking statements involve risks and uncertainties that could cause actual results to differ materially. The company disclaims any commitment to update forward-looking statements.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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