Nelnet (NNI) Tops Q1 EPS by 65c
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Nelnet Reports First Quarter 2021 Results
May 10, 2021 4:15 PM EDTLINCOLN, Neb., May 10, 2021 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported GAAP net income of $123.6 million, or $3.20 per share, for the first quarter of 2021, compared with a GAAP net loss of $40.5 million, or $1.01 per share, for the same period a year ago.
GAAP net income increased for the three months ended March 31, 2021 compared to the same period in 2020 as a result of:Â
An increase in net interest income on the company's loan portfolio; The recognition of a negative provision for loan losses as a result... More