Nelnet (NNI) Tops Q4 EPS by 45c

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Go back to Nelnet (NNI) Tops Q4 EPS by 45c

Nelnet Reports Fourth Quarter 2020 Results

February 25, 2021 4:15 PM EST

LINCOLN, Neb., Feb. 25, 2021 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported GAAP net income of $235.0 million, or $6.10 per share, for the fourth quarter of 2020, compared with GAAP net income of $42.4 million, or $1.06 per share, for the same period a year ago.

Net income, excluding derivative market value adjustments1, was $240.4 million, or $6.23 per share, for the fourth quarter of 2020, compared with $44.6 million, or $1.12 per share, for the same period in 2019.

During the fourth quarter of 2020, the company recognized a gain of $258.6 million (or $196.5 million after tax, or $5.10 per share) from the previously... More