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Nelnet NNI Provision for loan losses

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Segments

By segment

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Asset Generation and Management$48.47M+272%
Nelnet Bank$4.78M+106%
Education Technology Services and Payments (ETSP)$0
Loan Servicing and Systems (LSS)$0

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 itemThree months ended / March 31, 2026Three months ended / March 31, 2025
Total interest income211,226207,828
Interest expense on bonds and notes payable and bank deposits109,583125,114
Net interest income101,64382,714
Less provision for loan losses53,24415,337
Less provision for beneficial interests4,1301,510
Net interest income after provision44,26965,867
Other income (expense):
Loan servicing and systems revenue127,842120,741

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Nelnet's provision for loan losses?
Nelnet (NNI) reported provision for loan losses of $53.24M in Q1 2026.
How has Nelnet's provision for loan losses changed year-over-year?
Nelnet's provision for loan losses increased by 247.2% year-over-year, from $15.34M to $53.24M.
What is the long-term trend for Nelnet's provision for loan losses?
Over 4 years (2021 to 2025), Nelnet's provision for loan losses has grown at a 52.9% compound annual growth rate (CAGR), from -$12.43M to $67.85M.
What does provision for loan losses mean?
This represents the expense recognized to account for expected credit losses within the loan portfolio. It reflects management's assessment of credit risk and the potential for future defaults among borrowers.

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