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Dec 31, 2021
Nelnet Q4 2021 Earnings Report
Nelnet's financial performance for Q4 2021 was reported, with GAAP net income at $132.7 million and revenue from loan servicing and systems reaching $150.4 million.
Key Takeaways
Nelnet reported a GAAP net income of $132.7 million, or $3.46 per share, for the fourth quarter of 2021. The company's Loan Servicing and Systems segment saw revenue increase to $150.4 million, driven by additional work on U.S. Department of Education contracts and servicing the former Wells Fargo loan portfolio. The Asset Generation and Management segment reported net interest income of $70.1 million.
Nelnet reported GAAP net income of $132.7 million, or $3.46 per share, for Q4 2021.
Loan Servicing and Systems revenue increased to $150.4 million due to additional contracts and servicing the former Wells Fargo loan portfolio.
The AGM segment reported net interest income of $70.1 million.
As of December 31, 2021, the company was servicing $529.0 billion in loans for 16.4 million borrowers.
Revenue by Segment
Forward Guidance
Nelnet anticipates choppy earnings over the quarters as its investment portfolio grows.
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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