Nelnet, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023
May 08, 2023 at 04:20 pm EDT
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Nelnet, Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported net income was USD 26.49 million compared to USD 186.65 million a year ago. Basic earnings per share from continuing operations was USD 0.71 compared to USD 4.91 a year ago.
Diluted earnings per share from continuing operations was USD 0.71 compared to USD 4.91 a year ago.
Nelnet, Inc. operates businesses that are engaged in loan servicing and education technology services and payments. The Company's segments include Loan Servicing and Systems (LSS), Education Technology Services and Payments (ETSP), Asset Generation and Management (AGM), and Nelnet Bank. The LSS segment is focused on student and consumer loan servicing, loan servicing-related technology solutions and outsourcing business services. This segment includes the brands Nelnet Diversified Solutions, Nelnet Government Services and others. The ETSP segment provides education and payment technology and services for K-12 schools, higher education institutions, churches, and businesses in the United States and internationally. The AGM segment includes the acquisition and management of student and other loan assets, including investment interests therein. The Nelnet Bank includes an Internet Utah-chartered industrial bank focused on the private education and unsecured consumer loan markets.
NELNET, INC. 
