Nelnet (NNI) Nelnet Bank — Less provision for beneficial interests — Quarterly & Annual

Screener

Other segment segments

Asset Generation and Management

$4.13M+174%

Education Technology Services and Payments (ETSP)

$0—

Loan Servicing and Systems (LSS)

$0—

Similar metrics at other companies

GPMTBeneficial Interest

$521.65M-29.8%

JPMBeneficial Interest

$29.47B+6.4%

CBANBank — Interest Income Expense After Provision For Loan Loss

$27.63M+27.6%

MRBKBank — Interest Income (Expense), after Provision for Loan Loss

$19.63M+14.0%

RJFBank — Bank loan provision for credit losses

-$26M-273%

MBWMMercantile Bank — Interest Income Expense After Provision For Loan Loss

$53.72M—

Other financials

Income statement

Net income$71.1M-13.8%

EPS (diluted)$1.97-12.8%

Balance sheet

Cash & equivalents$240.0M+8.8%

Total debt$7.7B-11.1%

Total equity$3.7B+9.1%

Total assets$14.2B-0.1%

Cash flow

Operating cash flow$73.1M-19.8%

CapEx$11.6M+242%

Free cash flow$61.6M-29.9%

Valuation

Market cap$4.85B+5.9%

Enterprise value$12.31B+0.4%

P/E11.6×-2.3×

Returns & leverage

Return on equity11.7%+5.9pp

Debt / equity2.1×-0.5×

Where this comes from

Reported directly by Nelnet in its filing.

Tagged under the XBRL concept nni:ProvisionForBeneficialInterests.

The source filing: Nelnet’s 10-Q, filed May 7, 2026.

Filed: May 7, 2026, 4:23 PM EDT
Fiscal quarter: Q1 FY2026
Calendar quarter: Q1 2026
Accession: 0001258602-26-000033

Line item	Reportable Segments / Loan Servicing and Systems (LSS)	Reportable Segments / Education Technology Services and Payments (ETSP)	Reportable Segments / Asset Generation and Management	Reportable Segments / Nelnet Bank	Total Reportable Segments	Reconciling Items / NFS Other Operating Segments	Reconciling Items / Corporate and Other Activities	Reconciling Items / Eliminations/ Reclassifications	Total
Interest expense	548	—	95,557	17,407	113,512	1,374	629	(5,932)	109,583
Net interest income	591	6,118	67,455	17,829	91,993	7,143	2,507	—	101,643
Less provision for loan losses	—	—	48,466	4,778	53,244	—	—	—	53,244
Less provision for beneficial interests	—	—	4,130	—	4,130	—	—	—	4,130
Net interest income after provision	591	6,118	14,859	13,051	34,619	7,143	2,507	—	44,269
Other income (expense):
LSS revenue	127,842	—	—	—	127,842	—	—	—	127,842
ETSP revenue	—	154,436	—	—	154,436	—	—	—	154,436

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Nelnet's nelnet bank — less provision for beneficial interests?: Nelnet (NNI) reported nelnet bank — less provision for beneficial interests of $0 in Q1 2026.
What does nelnet bank — less provision for beneficial interests mean?: Represents the specific allocation or adjustment for potential losses related to beneficial interests held in securitized loan structures. This metric helps isolate the credit risk associated with complex financial instruments rather than the primary loan portfolio. It is essential for understanding the risk profile of the bank's structured finance activities.

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