NYSE$NNI

Nelnet Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported GAAP net income and highlighted performance across its four primary business segments.

Nelnet reported a strong first quarter with GAAP net income of $186.6 million, or $4.91 per share, compared to $123.6 million, or $3.20 per share, for the same period last year. The company's Loan Servicing and Systems segment saw revenue increase due to additional work on the TPD discharge program and increased servicing volume.

  • Nelnet reported GAAP net income of $186.6 million, or $4.91 per share, for Q1 2022.
  • Net income, excluding derivative market value adjustments, was $75.9 million, or $1.99 per share, for Q1 2022.
  • The company operates four primary business segments: Asset Generation and Management, Nelnet Bank, Loan Servicing and Systems, and Education Technology, Services, and Payment Processing.
  • The Board of Directors declared a second quarter cash dividend of $0.24 per share and authorized a new stock repurchase program.

Headline financials

Total Revenue

$482M

Previous: $340M+41.5%
EPS (adj)

$1.99

Previous: $2.44-18.4%
Total loans serviced

$557B

Previous: $505B+10.2%
Capital Expenditures

-$15.8M

Previous: -$17.9M+11.8%
Free Cash Flow

$171M

Previous: $106M+61.6%
Net Income

$187M

Previous: $124M+51.0%
Operating Income

$201M

Previous: $121M+66.1%
Gross Profit

$446M

Previous: $313M+42.3%
Cash & Equivalents

$163M

Previous: $144M+12.9%
Total Assets

$21B

Previous: $22.2B-5.3%
Stock-Based Comp

$2.92M

Previous: $2.05M+42.3%

Revenue & EPS history

Nelnet · Revenue · Quarterly

$482M

Q1 2022+41.5%vs Q1 2021
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Nelnet · $249M total across 2 segments · Q1 2022

  • Loan Servicing & Systems
    $136M+22.3%
  • EdTech & Payments
    $112M+17.9%

Forward guidance

This press release contains forward-looking statements and is 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.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+0.9%

Avg return

Earnings day

+0.4%

Avg return

5 days after

+0.9%

Avg return

30 days after

55%

36 / 65 earnings

Positive

+16.6%

Q3 2016

Best reaction

-11.3%

Q4 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.5%-13.6%-8.2%
Q4 2025-1.7%+3.5%-3.6%
Q3 2025+2.2%+0.1%+0.5%
Q1 2025+5.9%+10.6%+7.7%
Q4 2024+9.3%+6.7%-0.3%
Q3 2024-9.9%-12.5%-13.1%
Q2 2024+1.1%+2.6%+4.5%
Q1 2024+12.9%+13.9%+4.1%
Q4 2023-3.7%-3.1%+7.3%
Q3 2023-0.8%-3.1%-3.9%
Q2 2023-2.1%-4.1%-7.9%
Q1 2023-1.1%-0.9%+6.8%
Q4 2022-3.0%-2.5%-3.3%
Q3 2022+1.4%+8.2%+6.9%
Q2 2022-0.2%-2.3%-11.3%
Q1 2022-1.7%-0.8%+3.9%
Q4 2021+0.0%+1.6%+5.6%
Q3 2021-0.6%+1.8%+9.7%
Q2 2021+2.8%+2.5%+8.3%
Q1 2021-1.0%+2.9%-0.1%
Q4 2020+1.0%+2.7%+3.6%
Q3 2020+3.2%+13.8%+9.1%
Q2 2020+2.2%+1.8%+5.2%
Q1 2020-1.6%-2.8%+15.2%
Q4 2019-5.5%-10.1%-24.6%
Q3 2019-3.1%-1.9%-3.0%
Q2 2019+7.8%+6.8%+5.7%
Q1 2019+8.9%+6.0%+2.1%
Q4 2018+1.5%+1.2%+2.0%
Q3 2018-8.2%-3.9%-6.6%
Q2 2018-2.9%-3.1%-4.5%
Q1 2018+8.4%+8.9%+16.0%
Q4 2017+6.9%+6.7%+1.2%
Q3 2017-10.4%-10.9%-5.9%
Q2 2017-0.6%-5.3%-0.5%
Q1 2017-5.0%-9.1%-6.9%
Q4 2016-11.3%-8.9%-15.0%
Q3 2016+16.6%+23.7%+36.2%
Q2 2016-11.1%-11.7%-9.5%
Q1 2016-5.9%
Q4 2015+2.4%
Q3 2015-4.6%
Q2 2015+5.0%
Q1 2015-4.3%
Q4 2014-0.6%
Q3 2014-0.9%
Q2 2014+6.6%
Q1 2014-3.1%
Q4 2013+11.8%
Q3 2012+4.9%
Q3 2013+4.9%
Q2 2013+5.5%
Q1 2013+0.9%
Q4 2012+3.9%
Q2 2012+3.9%
Q1 2012-1.7%
Q1 2011-1.7%
Q4 2009+1.9%
Q4 2011+1.9%
Q2 2011+1.9%
Q3 2011+1.6%
Q3 2010+1.6%
Q2 2010+4.0%
Q4 2010+4.0%
Q1 2010+9.1%

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