Nelnet, Inc. filings document operating results, subsidiary banking disclosures, governance matters, and financing arrangements for a company active in loan servicing, loan asset management, education technology, payment services, and Nelnet Bank. Its 8-K reports furnish quarterly earnings materials, Regulation FD disclosures for Nelnet Bank Call Reports, material agreements, and board-level changes.
Proxy materials describe director elections, executive compensation, equity awards, shareholder voting matters, and board governance. Financing disclosures include credit agreements, subsidiary guarantees, borrowing covenants, recourse indebtedness limits, and asset quality tests tied to non-FFELP loans held by the company and its consolidated subsidiaries.
NELNET INC (NNI) filed an initial ownership report on Form 3 for director Angie J. Klein. The filing establishes her status as a reporting person with respect to Nelnet securities and includes an Exhibit 24 Power of Attorney authorizing filings on her behalf. No insider transactions are reported in this Form 3.
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 Q2 2026 net income attributable to Nelnet of $66.7 million ($1.85 per share), down from $181.5 million ($4.97) a year earlier; six‑month net income was $137.8 million versus $264.0 million in 2025.
Total assets were $14.28 billion, including $9.80 billion of loans and accrued interest. Net interest income rose to $96.0 million from $79.4 million, while the provision for loan losses increased to $41.1 million (six‑month $94.3 million versus $33.3 million), mainly tied to growth and seasoning in consumer and Pay Later receivables, with credit metrics described as consistent with management expectations.
Other income no longer included the prior‑year $175.0 million gain on partial redemption of the ALLO investment and reflected a $3.0 million pre‑tax loss from solar partnerships. Nelnet Bank loans grew to $1.64 billion and deposits to $2.22 billion. Nelnet acquired Canadian servicer NDS Canada for CAD $146.8 million (USD $107.6 million), adding $69.8 million of intangibles and $47.8 million of goodwill, and established a new $435.0 million unsecured credit line maturing in 2031.
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 Chief Financial Officer James D. Kruger reported a Form 4 detailing his direct and indirect holdings of Class A Common Stock and a bona fide gift. He transferred 2,500 shares as a gift to a trust for the benefit of his adult son, with the trust now holding 2,500 shares. He continues to report beneficial ownership of shares held by various family trusts and GRATs but disclaims beneficial ownership except to the extent of his pecuniary interest. Following these entries, he reports 69,569 shares held directly, plus additional indirect holdings through his spouse, revocable trusts, and multiple family trusts.
Bansal Preeta D reported acquisition or exercise transactions in this Form 4 filing.
Nelnet Inc. director Preeta D. Bansal received a grant of 1,626 shares of Class A Common Stock at $110.76 per share. The shares were awarded under the company’s Directors Stock Compensation Plan. Following this grant, she directly holds 20,243 shares.
Farrell Kathleen Anne reported acquisition or exercise transactions in this Form 4 filing.
Nelnet Inc. director Kathleen Anne Farrell received 1,626 shares of Class A Common Stock as a grant. The shares were awarded on June 15, 2026 at a price of $110.76 per share pursuant to the issuer's Directors Stock Compensation Plan. Following this compensation award, she directly holds 22,570 shares of Nelnet Class A Common Stock.
Van Deun Jona M reported acquisition or exercise transactions in this Form 4 filing.
Nelnet Inc. director Jona M. Van Deun received new equity awards as board compensation. On the transaction date, Van Deun was granted 407 shares of Class A Common Stock at a reference price of $110.76 per share under the issuer's Directors Stock Compensation Plan, bringing direct Class A holdings to 1,111 shares.
Van Deun was also granted 1,219 shares of phantom stock, credited at the same $110.76 reference price, increasing total phantom stock units to 8,398. The phantom stock is granted on a 1-for-1 basis and will be settled in shares of Class A Common Stock after the director's service on the board ends, either in a lump sum or up to five annual installments, as elected.
Nelnet Inc. director Kimberly Kay Rath received a grant of 1,535 phantom stock units under the company’s Directors Stock Compensation Plan. Each unit is on a 1-for-1 basis with Class A Common Stock and will be paid in shares after her board service ends, either in a lump sum or up to five annual installments, as she elects.
Following this award, she holds a total of 65,229 phantom stock units, which includes 636 units acquired through the plan’s dividend reinvestment feature since June 18, 2025. This filing reflects a compensation-related award rather than an open‑market stock purchase or sale.