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Stock impact report

Nelnet Reports Second Quarter 2024 Results

Nelnet, Inc. (NNI) 
US:NYSE Investor Relations: nelnet.com/investors
Company Research Source: PR Newswire
LINCOLN, Neb., Aug. 8, 2024  /PRNewswire/ -- Nelnet (NYSE: NNI) today reported GAAP net income of $45.1 million, or $1.23 per share, for the second quarter of 2024, compared with GAAP net income of $27.4 million, or $0.73 per share, for the same period a year ago.Net income, excluding derivative market value adjustments1, was $43.9 million, or $1.20 per share, for the second quarter of 2024, compared with $25.9 million, or $0.69 per share, for the same period in 2023."The operating results and cash generation from our businesses continue to be strong in 2024," said Jeff Noordhoek, chief executive officer of Nelnet. "We are excited about our current and future opportunities, always with a commitment to delivering exceptional service to our customers and a strategic focus on long-term success. Leveraging our position of strong liquidity to capitalize on market opportunities, including loan acquisitions, strategic investments, and capital management initiatives, continues to be a priorit Show less Read more
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