Welcome to our dedicated page for Nelnet SEC filings (Ticker: NNI), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
This page provides access to Nelnet, Inc. (NYSE: NNI) SEC filings, giving investors and researchers a primary source for the company’s regulatory disclosures. As a Nebraska-incorporated public company, Nelnet files current reports on Form 8-K, periodic reports, and other documents under the Securities Exchange Act of 1934.
Recent 8-K filings referenced in company communications include earnings releases for quarters ended June 30 and September 30, 2025, which present GAAP and non-GAAP results and segment performance for Asset Generation and Management, Nelnet Bank, Loan Servicing and Systems, and Education Technology Services and Payments. Other 8-Ks describe material events such as gains on equity investments and the agreement, through Nelnet Canada, Inc., to acquire Finastra’s Canadian student loan servicing business.
Nelnet also uses 8-K filings to note when Nelnet Bank submits its Consolidated Reports of Condition and Income (Call Reports) to the FDIC, directing readers to the FDIC’s public website for those banking regulatory documents. These filings help users understand Nelnet Bank’s asset, loan, and deposit profiles and how they relate to the broader Nelnet Financial Services division.
On Stock Titan, SEC documents for NNI are paired with AI-powered summaries that explain the key points of lengthy filings, such as earnings releases and other current reports. Users can quickly see what changed, which segments drove results, and how specific transactions or provisions affected reported figures, while still having access to the full original filings for detailed review.
For those tracking Nelnet’s governance, capital allocation, or risk disclosures, this page is a central location to review the company’s official SEC-reported information alongside concise AI-generated highlights.
Nelnet, Inc. reported net income attributable to shareholders of $71.1 million for the quarter ended March 31, 2026, down from $82.6 million a year earlier, or $1.97 per diluted share versus $2.26. Net interest income rose to $101.6 million, but the provision for loan losses increased sharply to $53.2 million from $15.3 million, largely tied to growth in consumer and Pay Later receivables. Fee-based revenue remained a major driver, with loan servicing and systems revenue of $127.8 million and education technology services and payments revenue of $154.4 million. The company acquired Canadian servicer NDS Canada for about $105.8 million, adding $69.1 million of intangible assets and $47.0 million of goodwill. Nelnet Bank continued to expand, with deposits of $1.74 billion and loans of $1.26 billion. Management highlighted non-GAAP net income excluding derivative market value adjustments of $69.9 million, or $1.94 per share, versus $87.4 million, or $2.39, in the prior-year quarter.
Nelnet, Inc. reported first quarter 2026 GAAP net income of $71.1 million, or $1.97 per share, compared with $82.6 million, or $2.26 per share, a year earlier. Net income excluding derivative market value adjustments was $69.9 million, or $1.94 per share, versus $87.4 million, or $2.39 per share, in 2025.
The Asset Generation and Management segment generated $67.5 million of loan and investment net interest income and closed the quarter with $766.2 million of Pay Later receivables after acquiring $3.34 billion of loans. Nelnet Bank earned $7.1 million of net income after tax on growing loan and deposit balances.
Loan Servicing and Systems revenue rose to $127.8 million, aided by the NDS Canada acquisition, while Education Technology Services and Payments revenue reached $154.4 million with net income of $36.3 million. The board declared a $0.33 per share second-quarter cash dividend, payable June 15, 2026 to shareholders of record on June 1, 2026.
Nelnet Inc.'s Chief Financial Officer, James D. Kruger, reported updated holdings and a non-market gift of Class A Common Stock. The filing shows a bona fide gift of 5,000 shares on April 30, 2026, transferred indirectly through a trust for the benefit of his adult son.
After these updates, Kruger reports 69,569 shares held directly and additional indirect holdings through his spouse, revocable trusts, GRATs, and family trusts. The footnotes state he continues to report beneficial ownership of certain trust-held shares while disclaiming beneficial ownership beyond his pecuniary interest.
Nelnet, Inc. reported that its wholly owned subsidiary, Nelnet Bank, filed its quarterly Consolidated Reports of Condition and Income (FFIEC 051 Call Report) for the quarter ended March 31, 2026 with the FDIC. Public portions of this banking regulatory report are available on the FDIC’s website. The disclosure is furnished under Regulation FD and is expressly not deemed filed for liability purposes under the Exchange Act or incorporated into other securities filings unless specifically referenced.
Nelnet Inc. insider reporting shows that entities associated with Adam K. Peterson hold a significant position in the company’s Class A Common Stock, with no new buy or sell transaction reported. The Form 4 is filed as an “Exit” filing linked to his board resignation.
The filing notes that 1,668,976 shares of Class A Common Stock are directly owned by Magnolia Capital Fund, LP, whose general partner and investment manager is The Magnolia Group, LLC, managed by Mr. Peterson. Through these roles, The Magnolia Group and Mr. Peterson may be deemed to share indirect beneficial ownership of those shares.
In addition, Adam Peterson directly holds 9,544 shares of Class A Common Stock for his own account, bringing his reported total direct and indirect holdings to 1,678,520 shares following the reported position. The footnote explains that March 23, 2026 is used as the transaction date because on that day Mr. Peterson notified Nelnet of his immediate resignation from the Board of Directors, and this Form 4 is voluntarily filed to confirm he is no longer subject to Section 16 reporting.
NELNET INC executive William J. Munn, the Secretary, Chief Legal Officer, and General Counsel, reported gifting a total of 2,104 shares of Class A Common Stock on April 15, 2026. One gift of 1,052 shares reduced his direct holdings to 6,872 shares, while another 1,052-share gift involved his indirect holdings.
The indirect transaction relates to a living trust described as having Munn and his spouse as trustees and beneficiaries, which now holds 12,155 shares. Both transactions are reported as bona fide gifts at a price of $0.00 per share, meaning they were not market sales and did not generate cash proceeds.
Nelnet, Inc. is asking shareholders to vote at its May 14, 2026 annual meeting, offered in a hybrid in‑person and virtual format. Items include electing three Class III directors through 2029, ratifying KPMG LLP as auditor, approving amendments to the Directors Stock Compensation Plan, and an advisory vote on executive pay.
The company highlights a pay‑for‑performance philosophy and reports 2025 net income, excluding derivative market value adjustments, of $435.4 million, or $11.98 per share. Executive and director compensation uses cash retainers, performance‑based bonuses, and restricted stock, alongside ownership guidelines, a clawback policy, and prohibitions on hedging and short sales. Executive Chairman Michael S. Dunlap beneficially holds 77.1% of combined voting power, giving him effective control of board elections.
Nelnet, Inc. entered into a new $435 million unsecured line of credit with a syndicate of banks led by U.S. Bank National Association as Administrative Agent. The facility initially has a zero balance and the full $435 million is available for general corporate purposes.
The credit agreement matures on March 31, 2031 and includes financial covenants tied to minimum consolidated net worth, an adjusted EBITDA-to-recourse indebtedness ratio, limits on recourse indebtedness and permitted investments, and an asset quality test for non-FFELP loans. Certain subsidiaries guarantee the obligations.
In connection with this new facility, Nelnet terminated its prior $495 million unsecured line of credit dated September 22, 2021, which had a scheduled maturity of September 22, 2026 and no outstanding balance at termination.
Nelnet Inc. insider Adam K. Peterson converted 9,544 phantom stock units into 9,544 shares of Class A Common Stock. These phantom shares were granted under the issuer's Directors Stock Compensation Plan and became payable in stock when he resigned from the Board of Directors on March 23, 2026.
Following the conversion and related exercise, Peterson is reported as having 1,678,520 shares of Class A Common Stock, including 1,668,976 shares directly owned by Magnolia Capital Fund, LP, where The Magnolia Group, LLC is general partner and investment manager and Peterson is the managing member.