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Dec 31, 2020
Nelnet Q4 2020 Earnings Report
Nelnet reported record results driven by the ALLO transaction and growth in loan servicing.
Key Takeaways
Nelnet reported a strong fourth quarter in 2020, with a GAAP net income of $6.10 per share. The quarter was highlighted by the ALLO transaction, which accelerated their growth, and the company was selected to service the private student loans being sold by Wells Fargo.
GAAP net income was $6.10 per share.
Recognized a gain of $5.10 per share from the ALLO recapitalization.
The AGM operating segment reported net interest income of $84.3 million.
Selected as servicer for Wells Fargo's private education student loan portfolio.
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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