Nelnet Q4 2022 Earnings Report
Key Takeaways
Nelnet reported GAAP net income of $30.8 million, or $0.83 per share, for Q4 2022, compared to $132.7 million, or $3.46 per share, for the same period a year ago. Net income, excluding derivative market value adjustments, was $36.4 million, or $0.98 per share, compared to $95.9 million, or $2.50 per share, for the same period in 2021.
Core businesses, including servicing, payments and education technology, and financial services performed well in 2022.
Expect quarterly earnings to be choppy as FFEL Program loans run off and other investments increase.
A tremendous foundation was laid for long-term value creation in 2022.
As of December 31, 2022, the company was servicing $587.5 billion in government-owned, FFEL Program, private education, and consumer loans for 17.6 million borrowers.
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