Nelnet Stock Price, News & Analysis

Toyota Boshoku America (TBA) has completed a 5.7-megawatt solar project at its Illinois manufacturing facility in partnership with Onyx Renewables, Sol Systems, and Nelnet Renewable Energy. The ground-mount solar array, spanning 17 acres, will meet 85% of Toyota Boshoku Illinois' electricity needs and generate over 9.5 million kilowatt-hours in its first year. The project, TBA's largest onsite solar installation to date, was developed without upfront capital investment through a power purchase agreement (PPA). Notable features include workforce development initiatives with 15% of project labor allocated for qualified apprentices, pollinator-friendly habitat implementation, and federal support as an "energy community." This initiative supports TBA's goal of achieving net-zero carbon emissions by 2050 while providing cost-effective, sustainable energy solutions.

Nelnet (NYSE: NNI) reported strong Q1 2025 financial results with GAAP net income of $82.6 million ($2.26 per share), up from $73.4 million ($1.98 per share) in Q1 2024. The company's core segments performed well despite economic challenges. Key highlights include:

- Asset Generation and Management segment earned $52.9M in loan interest income - Nelnet Bank's portfolio grew to $761.6M in loans and $872.2M in investments - Loan Servicing segment servicing $542.3B in loans for 15.6M borrowers - Education Technology Services revenue increased to $147.3M

The Board declared a Q2 dividend of $0.28 per share and authorized a new stock repurchase program for up to 5 million shares through May 2028. Additionally, Nelnet announced plans to reduce its stake in ALLO from 45% to 26%, expecting to receive $410M in cash and recognize a $175M pre-tax gain.

Edge Focus, a private credit firm, has successfully closed its first asset-backed securities (ABS) transaction EDGEX 2025-1NN, securing $150 million in collateral. The deal was led by CRB Securities with Nelnet Bank (NYSE: NNI) as co-sponsor.

The transaction featured two unrated senior notes placed with major institutional investors, demonstrating strong market confidence despite current financial market volatility. Edge Focus leverages proprietary technology tools including Origin, their credit decisioning engine, and Lens, their portfolio analytics platform.

This inaugural ABS deal establishes Edge Focus' EDGEX issuance program, positioning the company for recurring presence in the securitization market. The successful placement indicates strong investor appetite for technology-driven credit exposure, with Edge Focus planning to become a frequent ABS issuer.

Nelnet (NYSE: NNI) has scheduled its first quarter 2025 earnings release for Thursday, May 8, 2025, after the New York Stock Exchange closes. The earnings report will cover the period ended March 31, 2025. Additional financial information will be made available to investors through the company's investor relations website at www.nelnetinvestors.com.

Nelnet Business Services, a division of Nelnet, Inc. (NYSE: NNI), has acquired Next Gen Web Solutions, a Jacksonville-based provider of software solutions for higher education. Next Gen will be integrated into the Nelnet Campus Commerce business line under President Jackie Strohbehn.

Next Gen brings over 18 years of experience in higher education, having served more than 20 million students with solutions for streamlining administrative processes. The acquisition expands Nelnet's product offerings to include:

• Form building
• Financial aid exception processing
• Verification
• Scholarship management
• Work-study administrative support

The strategic move aims to diversify Nelnet's revenue streams while enhancing its service offerings to higher education institutions, leveraging existing shared client relationships.

Nelnet (NYSE: NNI) reported strong Q4 2024 results with GAAP net income of $63.2 million ($1.73 per share), compared to a loss of $7.9 million in Q4 2023. The company's net income excluding derivative adjustments was $52.7 million ($1.44 per share).

Key segment performance:

• Asset Generation and Management reported loan interest income of $48.3 million, up from $35.6 million year-over-year
• Nelnet Bank achieved net income of $4.2 million, improving from a $3.3 million loss last year
• Loan Servicing and Systems revenue reached $138.0 million, with net income of $20.4 million
• Education Technology Services generated $108.3 million in revenue with $13.6 million net income

For full-year 2024, Nelnet posted GAAP net income of $184.0 million ($5.02 per share), significantly higher than $89.8 million in 2023.

Nelnet (NYSE: NNI) has announced two key updates: First, the Board of Directors has declared a first quarter cash dividend of $0.28 per share on both Class A and Class B common stock. The dividend will be paid on March 14, 2025, to shareholders of record as of February 28, 2025.

Additionally, the company will release its fourth quarter and full-year 2024 earnings after the NYSE closes on February 27, 2025. Detailed earnings information will be made available on the company's investor relations website.

Boston Omaha (NYSE: BOC) has appointed David S. Graff to its Board of Directors, effective immediately. Graff will serve as Chair of the Audit Committee and member of the Compensation Committee. He is notably the founder of Hudl, a sports technology company providing video analysis and coaching tools used by over 300,000 teams across 40 sports in 180 countries, including major leagues like NHL, NFL, NBA, and English Premier League. Hudl employs more than 3,500 people across 18 countries.

Graff brings significant board experience, having served on Nelnet's (NYSE:NNI) board since 2014 where he participates in both Audit and Risk and Finance Committees. He also serves on the boards of Assurity and Teammates, and previously served on Sportsmap Tech Acquisition Corp's board from 2021 to 2023. He holds a BS in accounting and computer science and an MBA from the University of Nebraska-Lincoln.

Nelnet (NYSE: NNI) has made a strategic investment in Edge Focus, a fintech company specializing in consumer finance. This investment builds upon their existing partnership and includes a strategy to acquire consumer loan portfolios. The collaboration aims to leverage Nelnet's financial services and asset management expertise while enabling Edge Focus to accelerate its growth and enhance its technology for underwriting and investing in consumer credit.

The partnership will combine Edge Focus's consumer credit technology with Nelnet's financial strength, asset management, and servicing capabilities to create value for both companies while expanding access to appropriately priced loans for American consumers.