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Nelnet NNI Nelnet Bank — Provision for loan losses

Other segment segments

Asset Generation and Management
$48.47M+272%
Education Technology Services and Payments (ETSP)
$0
Loan Servicing and Systems (LSS)
$0

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Other financials

Income statement

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Net income$71.1M-13.8%
EPS (diluted)$1.97-12.8%

Balance sheet

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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

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Operating cash flow$73.1M-19.8%
CapEx$11.6M+242%
Free cash flow$61.6M-29.9%

Valuation

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Market cap$4.85B+5.9%
Enterprise value$12.31B+0.4%
P/E11.6×-2.3×

Returns & leverage

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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:FinancingReceivableCreditLossIncludingOffBalanceLiabilitiesExpenseReversal.

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 itemReportable Segments / Loan Servicing and Systems (LSS)Reportable Segments / Education Technology Services and Payments (ETSP)Reportable Segments / Asset Generation and ManagementReportable Segments / Nelnet BankTotal Reportable SegmentsReconciling Items / NFS Other Operating SegmentsReconciling Items / Corporate and Other ActivitiesReconciling Items / Eliminations/ ReclassificationsTotal
Total interest income1,1396,118163,01235,236205,5058,5173,136(5,932)211,226
Interest expense54895,55717,407113,5121,374629(5,932)109,583
Net interest income5916,11867,45517,82991,9937,1432,507101,643
Less provision for loan losses48,4664,77853,24453,244
Less provision for beneficial interests4,1304,1304,130
Net interest income after provision5916,11814,85913,05134,6197,1432,50744,269
Other income (expense):
LSS revenue127,842127,842127,842

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Nelnet's nelnet bank — provision for loan losses?
Nelnet (NNI) reported nelnet bank — provision for loan losses of $4.78M in Q1 2026.
How has Nelnet's nelnet bank — provision for loan losses changed year-over-year?
Nelnet's nelnet bank — provision for loan losses increased by 105.5% year-over-year, from $2.33M to $4.78M.
What is the long-term trend for Nelnet's nelnet bank — provision for loan losses?
Over 4 years (2021 to 2025), Nelnet's nelnet bank — provision for loan losses has grown at a 120.0% compound annual growth rate (CAGR), from $794K to $18.59M.
What does nelnet bank — provision for loan losses mean?
An expense set aside to cover anticipated losses from the bank's loan portfolio due to credit defaults or non-performance. This metric reflects management's assessment of credit risk and the overall health of the loan book. A higher provision indicates increased caution regarding borrower creditworthiness or deteriorating economic conditions.

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