Every 8-K that Nelnet, Inc. (NNI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow NNI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NNI filings page.
NELNET INC (NNI) reports that its Board of Directors expanded from eight to ten members and appointed Angela (Angie) Klein and Edward (Ed) Pallesen as new independent directors. Klein was appointed as a Class III director with a term expiring at the 2029 annual meeting of shareholders, and Pallesen as a Class II director with a term expiring at the 2028 annual meeting.
The number of Class III directors increased from three to four and Class II directors from two to three. Klein will serve on the Nominating and Corporate Governance, People Development and Compensation, and Compliance committees, while Pallesen will serve on the Nominating and Corporate Governance and Risk and Finance committees. Each elected to receive director compensation in Class A common stock with pro rata retainers of approximately $141,000 for Klein and $133,000 for Pallesen through the 2027 annual meeting.
Nelnet, Inc. reported GAAP net income of $66.7 million, or $1.85 per share, for the quarter ended June 30, 2026, compared with $181.5 million, or $4.97 per share, a year earlier. The 2025 quarter included a $175.0 million gain from the partial redemption of the ALLO investment; excluding this, GAAP net income for the second quarter of 2025 was $48.5 million, or $1.32 per share. Net income excluding derivative market value adjustments was $63.9 million, or $1.77 per share, versus $184.4 million, or $5.05 per share, in 2025.
In Nelnet Financial Services, the AGM loan portfolio totaled $7.83 billion, including a growing consumer loan portfolio of $1.21 billion after acquiring $3.07 billion of consumer loans in the quarter. AGM net interest income rose to $63.2 million, while a higher $41.3 million provision for loan losses reflected CECL allowances on acquired loans rather than credit deterioration. Nelnet Bank held $1.64 billion of loans, $1.29 billion of investments, and $2.51 billion of deposits, generating net income of $10.5 million versus a small loss a year ago.
Loan Servicing and Systems revenue increased to $132.2 million, with $519.2 billion of loans serviced for 15.2 million borrowers, though segment net income declined to $11.3 million. Education Technology Services and Payments revenue was $118.9 million, with net income of $14.7 million. The company repurchased 316,600 Class A shares for $40.6 million in the first half of 2026 and the board declared a quarterly dividend of $0.33 per share, payable September 15, 2026.
Nelnet, Inc. disclosed that its wholly owned subsidiary, Nelnet Bank, filed a Consolidated Reports of Condition and Income for a Bank with Domestic Offices Only and Total Assets Less than $5 Billion (FFIEC 051) for the quarter ended June 30, 2026 with the Federal Deposit Insurance Corporation (FDIC).
The disclosure is made under Regulation FD and notes that the publicly available portions of the Call Report can be accessed via the FDIC’s website. The company states that this information is furnished, not filed, and is not automatically incorporated by reference into securities law filings.
Nelnet, Inc. reported the results of its 2026 annual shareholder meeting held on May 14, 2026. Shareholders elected three Class III directors — Kathleen A. Farrell, David S. Graff, and Thomas E. Henning — to serve until the 2029 annual meeting.
Shareholders ratified the appointment of KPMG LLP as the independent registered public accounting firm for the year ending December 31, 2026, with 125,269,425 votes in favor. They also approved amendments to the Directors Stock Compensation Plan to include directors of Nelnet Bank Inc. and its successors, and supported, on an advisory basis, the compensation of the company’s named executive officers as disclosed in the proxy statement.
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. 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. 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. reported that director Adam Peterson resigned from its Board of Directors effective immediately on March 23, 2026. The company states his decision was due to business and personal reasons and was not the result of any disagreement over operations, policies, or practices. The Board and management publicly thanked Peterson for his dedicated service and significant contributions during his tenure.
Nelnet, Inc. reported GAAP net income of $57.8 million, or $1.60 per share, for the fourth quarter of 2025, down from $63.2 million, or $1.73 per share, a year earlier. On a non‑GAAP basis excluding derivative market value adjustments, net income was $56.3 million, or $1.56 per share, up from $52.7 million, or $1.44 per share.
For full‑year 2025, GAAP net income jumped to $428.5 million, or $11.79 per share, versus $184.0 million, or $5.02 per share, with non‑GAAP net income of $435.4 million, or $11.98 per share. Results were helped by a $175.0 million gain from partial redemption of the ALLO investment and stronger contributions from Nelnet Financial Services, including higher loan spreads and growth in consumer and Nelnet Bank portfolios.
Loan Servicing and Systems revenue declined to $116.6 million in the quarter and segment net income fell to $8.9 million, reflecting lower per‑borrower pricing under the USDS contract and prior one‑time items. Education Technology Services and Payments grew revenue to $112.3 million but saw slightly lower net income. The solar construction business produced a fourth‑quarter pre‑tax loss of $27.3 million and a full‑year pre‑tax loss of $57.5 million before being sold in November 2025.
Nelnet ended 2025 with total assets of $14.06 billion, shareholders’ equity of $3.69 billion, and loans and accrued interest receivable, net, of $10.01 billion. During the fourth quarter the company repurchased 126,680 Class A shares for $16.1 million. In February 2026, it acquired a Canadian student loan servicing business for CAD 130.5 million (approximately USD 95.7 million), adding 2.7 million borrowers to its servicing platforms.
Nelnet, Inc. completed its previously announced acquisition of Finastra Holdings Limited’s Canadian student loan servicing business. The transaction closed on February 2, 2026 for total consideration of CAD $130.5 million, described as approximately USD $95 million, paid in cash and subject to customary adjustments.
The acquisition was executed through Nelnet Canada, Inc., a wholly owned subsidiary of Nelnet, under a definitive and binding purchase agreement dated October 22, 2025 with DH Corporation, a wholly owned subsidiary of Finastra Holdings Limited. This expands Nelnet’s presence in the Canadian student loan servicing market.
Nelnet, Inc. reported that its wholly owned subsidiary, Nelnet Bank, has filed its quarterly Call Report with the Federal Deposit Insurance Corporation. This Consolidated Report of Condition and Income on Form FFIEC 051 covers the quarter ended December 31, 2025 for a bank with domestic offices and total assets under $5 billion.
The filing notes that the publicly available portions of this Call Report can be accessed on the FDIC’s website. Nelnet also clarifies that this information is being furnished under Regulation FD and is not deemed filed under the securities laws unless specifically incorporated by reference in another filing.
Nelnet, Inc. reported that Tim Tewes, its President and the Chief Executive Officer of subsidiary Nelnet Business Services, has informed the company he plans to retire effective June 30, 2026. The company states that after retiring from his executive roles, Mr. Tewes will remain involved as a member of the Nelnet Bank Board of Directors, providing continued leadership at the bank level. Nelnet also furnished a press release announcing his planned retirement as Exhibit 99.1, noting that this information is being provided for disclosure purposes and is not deemed filed under certain Exchange Act provisions.
Nelnet, Inc. (NNI) furnished its third‑quarter 2025 results materials. On November 6, 2025, the company furnished a press release and supplemental financial information for the quarter ended September 30, 2025 as Exhibits 99.1 and 99.2 to an Item 2.02 Form 8‑K. The materials are provided for information only and are not deemed filed under the Exchange Act, nor incorporated by reference unless specifically stated. The company notes that forward‑looking statements are subject to risks and uncertainties described in its Form 10‑K for the year ended December 31, 2024 and Form 10‑Q for the quarter ended September 30, 2025.
Nelnet, Inc. (NNI) reported that its wholly owned subsidiary, Nelnet Bank, filed its FFIEC 051 Call Report for the quarter ended September 30, 2025 with the FDIC. Publicly available portions can be accessed on the FDIC website. The disclosure is furnished under Regulation FD and is not deemed filed under Section 18 of the Exchange Act, nor incorporated by reference, unless specifically referenced in a future filing.
Nelnet, Inc. announced a definitive agreement for its wholly owned subsidiary Nelnet Canada, Inc. to acquire Finastra’s Canadian student loan servicing business for CAD $130 million (approximately USD $93 million) in cash. The deal is expected to close in the first calendar quarter of 2026, subject to customary closing conditions.
The seller is DH Corporation, a wholly owned subsidiary of Finastra Holdings Limited. The company furnished a press release as Exhibit 99.1. This transaction expands Nelnet’s presence in student loan servicing, adding Canadian operations under its platform once the acquisition closes.
Nelnet, Inc. reported a non-operating gain tied to an equity investment in an unaffiliated technology company. The investee completed an equity raise on August 11, 2025 and used part of the proceeds to redeem existing investors. Nelnet redeemed part of its stake, received $10 million in cash, and expects to recognize a pre-tax gain of approximately $8 million from this redemption.
Because the investment is accounted for under the measurement alternative method, Nelnet also expects to record an additional pre-tax gain of about $22 million in the third quarter of 2025 to revalue its remaining stake based on the August 2025 transaction. After these adjustments, the carrying amount of Nelnet’s remaining investment in the technology company is approximately $32 million.
Report: Nelnet, Inc. filed an 8-K on August 6, 2025 announcing a press release reporting results for the quarter ended June 30, 2025.
Key items furnished:
- Exhibit 99.1: Press Release dated August 6, 2025 - "Nelnet Reports Second Quarter 2025 Results"
- Exhibit 99.2: Supplemental Financial Information for the quarter ended June 30, 2025 (also made available on the Company website)
- Exhibit 104: Cover Page Interactive Data File (Inline XBRL)
The filing states the exhibits are "furnished" and are not "deemed filed" under Section 18 of the Exchange Act and that website content is not incorporated by reference. The filing includes a forward-looking statements disclaimer and directs readers to risk factors in the Companys Annual Report (filed February 27, 2025) and its Quarterly Report for the three months ended June 30, 2025 (filed August 6, 2025). The report is signed by CFO James D. Kruger.