NYSE$NNI
Nelnet Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported GAAP net income and announced a new federal student loan servicing contract.
Nelnet reported a GAAP net income of $26.5 million, or $0.71 per share, for the first quarter of 2023. The company was also awarded a new, long-term federal student loan servicing contract.
- Net income, excluding derivative market value adjustments, was $54.9 million, or $1.47 per share, for Q1 2023.
- Asset Generation and Management (AGM) segment reported net interest income of $45.5 million.
- Loan Servicing and Systems segment revenue was $139.2 million.
- Education Technology, Services, and Payment Processing segment revenue was $133.6 million.
Headline financials
Revenue & EPS history
Nelnet · Revenue · Quarterly
$332M
Revenue by segment
Nelnet · $273M total across 2 segments · Q1 2023
- Loan Servicing & Systems$139M+2.1%51.0%
- EdTech & Payments$134M+19.0%49.0%
Forward guidance
Nelnet believes it has the financial strength and liquidity to continue investing in its core businesses and asset strategy. A new, long-term federal student loan servicing contract was awarded after the quarter.
Tailwinds
- Financial strength to invest in core businesses
- Ability to benefit from market turbulence
- Ability to navigate a variety of economic conditions
- New, long-term federal student loan servicing contract awarded
- Dedication to helping federal student loan borrowers
Headwinds
- Risks related to maintaining and increasing student loans serviced under existing and future contracts.
- Risks related to compliance with agreements for servicing loans.
- Loan portfolio risks such as interest rate basis and repricing risk.
- Risks from changes in the terms of education loans and in the educational credit and services markets.
- Risks related to a breach of or failure in the company's operational or information systems.
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 2023
+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
| Quarter | Report date | Reaction (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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