Nelnet INC

Market Movers (8-K)

NYSE
Nelnet, Inc. announced that its subsidiary, Nelnet Bank, has filed its Consolidated Reports of Condition and Income for the quarter ended June 30, 2026.
NYSE
Nelnet, Inc. held its 2026 annual meeting of shareholders on May 14, 2026, where directors were elected, the appointment of KPMG LLP was ratified, and amendments to the Directors Stock Compensation Plan were approved.
NYSE
Nelnet reported first quarter 2026 GAAP net income of $71.1 million, or $1.97 per share, a decrease from $82.6 million, or $2.26 per share, in the prior year, impacted by derivative market value adjustments and increased loan loss provisions.
Worse than expected
NYSE
Nelnet, Inc. has entered into a new $435 million unsecured line of credit, replacing its previous $495 million agreement.
Capital raise
NYSE
Adam Peterson has resigned from Nelnet, Inc.'s Board of Directors effective March 23, 2026, citing business and personal reasons.
NYSE
Nelnet reported record earnings of $428.5 million, or $11.79 per share, in 2025, driven by diversified business growth and strategic asset adjustments.
Better than expected

Quarterly Earnings (10-Q)

NYSE
Nelnet reports a significant surge in third-quarter net income and EPS, driven by a major gain from its ALLO investment and strong performance in loan servicing and education technology, alongside a new Canadian acquisition.
Better than expected
NYSE
Nelnet, Inc. reported a significant increase in second-quarter net income, primarily driven by a substantial gain from the partial redemption of its investment in ALLO Holdings, LLC.
Better than expected
Delay expected
Capital raise
NYSE
Nelnet announces its financial results for the first quarter of 2025, including details on a pending transaction involving a partial redemption of its investment in ALLO.
NYSE
Nelnet Inc.'s Q3 2024 results reflect a complex landscape of strategic adjustments, including a focus on commercial solar and a new government servicing contract, alongside challenges in loan servicing and market fluctuations.
Worse than expected
NYSE
Nelnet Inc.'s second quarter 2024 results show a decrease in loan interest income and a net loss attributable to noncontrolling interests, alongside strategic shifts in solar operations.
Worse than expected
Delay expected
NYSE
Nelnet Inc. reported a significant increase in net income for the first quarter of 2024, driven by growth in its education technology services and payments segment and a decrease in loan loss provisions.
Better than expected

Annual Reports (10-K)

NYSE
Nelnet, Inc. reported a significant increase in net income for fiscal year 2025, driven by strategic diversification, a gain from the partial redemption of ALLO membership interests, and improved loan servicing margins.
Better than expected
NYSE
Nelnet's 2024 10-K filing reveals a company in transition, managing the decline of its FFELP loan portfolio while strategically expanding into new ventures like consumer lending, education technology, and renewable energy.
NYSE
Nelnet, Inc. has released its 2023 financial results, highlighting a year of significant regulatory impacts, strategic investments, and operational adjustments.
Worse than expected
Delay expected

Insider Trading (Form 4)

NYSE
Nelnet Inc. Chief Financial Officer James D. Kruger reported transactions involving Class A Common Stock, including distributions and holdings in various trusts.
NYSE
Director Preeta D. Bansal acquired 1,626 shares of Nelnet, Inc. common stock as part of the company's Directors Stock Compensation Plan.
NYSE
Director Kathleen A. Farrell acquired 1,626 shares of Nelnet, Inc. Class A Common Stock via a director compensation plan.
NYSE
Director Jona M. Van Deun acquired 407 shares of Nelnet Class A Common Stock and 1,219 shares of phantom stock via the company's Directors Stock Compensation Plan.
NYSE
Nelnet Director Kimberly Kay Rath received a grant of 1,535 phantom stock units, increasing her beneficial ownership to 65,229 derivative securities.
NYSE
Nelnet, Inc. director David S. Graff acquired 1,535 shares of Class A Common Stock as part of the company's director compensation plan.

Proxy Statements (Def-14A)

NYSE
Nelnet, Inc. has filed its 2026 proxy statement detailing director elections, executive compensation, and proposed amendments to its Directors Stock Compensation Plan.
NYSE
Nelnet, Inc. has filed definitive additional materials related to its proxy statement with the Securities and Exchange Commission.
NYSE
Nelnet, Inc. is set to hold its Annual Shareholders' Meeting on May 15, 2025, featuring director elections, executive compensation advisory vote, and ratification of the independent auditor.
Worse than expected
NYSE
Nelnet is asking shareholders to approve an amended and restated Restricted Stock Plan at the upcoming Annual Shareholders' Meeting to increase the number of shares available for issuance and remove the plan's term.
NYSE
Nelnet, Inc. has filed definitive additional materials related to its proxy statement with the Securities and Exchange Commission.
NYSE
Nelnet, Inc. will hold its Annual Shareholders' Meeting on May 16, 2024, to elect directors, ratify the appointment of KPMG LLP, and conduct an advisory vote on executive compensation.

Schedule 13D - Activist Investments

NYSE
Magnolia Capital Fund and Adam K. Peterson report a reduction in Nelnet, Inc. holdings following in-kind distributions and the resignation of Adam K. Peterson from the Board.
NYSE
Michael S. Dunlap, Executive Chairman of Nelnet, Inc., updated his beneficial ownership to approximately 37.8% of Class A common stock, reflecting recent trust distributions and transfers.

Schedule 13G - Passive Investments

NYSE
Magnolia Capital Fund, LP, The Magnolia Group, LLC, and Adam K. Peterson have filed a Schedule 13G reporting a 5.9% beneficial ownership stake in Nelnet, Inc.
NYSE
Whitetail Rock Capital Management, LLC reports beneficial ownership of 21.6% of Nelnet, Inc. Class A common stock.
NYSE
The Vanguard Group has reported a 0% beneficial ownership in Nelnet Inc. common stock following an internal realignment.
NYSE
Angela L. Muhleisen updated her beneficial ownership in Nelnet, Inc. Class A Common Stock to 18.1%, detailing changes in shared voting and dispositive power.
NYSE
Union Bank & Trust Co / Trustee has filed an amendment to its Schedule 13G, reporting a 7.9% beneficial ownership in Nelnet, Inc.'s Class A Common Stock as of September 30, 2025.
NYSE
The Vanguard Group has filed a Schedule 13G, reporting a 5.25% passive beneficial ownership stake in Nelnet Inc.'s common stock as of December 31, 2024.