Nelnet, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 08, 2021 at 05:17 pm EST
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Nelnet, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported net income was USD 53.14 million compared to USD 71.5 million a year ago. Basic earnings per share from continuing operations was USD 1.38 compared to USD 1.86 a year ago.
For the nine months, net income was USD 260.6 million compared to USD 117.45 million a year ago. Basic earnings per share from continuing operations was USD 6.74 compared to USD 2.99 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. 
