Group 1: Economic Environment - The May 2025 Personal Consumption Expenditures (PCE) inflation report indicates core PCE inflation rose approximately 0.22% month over month and 2.68% year over year, reinforcing expectations for the Fed's hawkish stance [1][11] - Treasury yields have increased, with the benchmark 10-year yield climbing from roughly 3.35% to about 3.45%, reflecting market reactions to persistent inflation data [2][11] Group 2: Financial Sector Performance - Financial institutions, including banks and insurance companies, are expected to see increased profitability due to higher lending rates and improved net interest margins in a high-rate environment [4][5] - The S&P 500 Financials Select Sector SPDR (XLF) has risen 9.1% year to date as of June 30, indicating strong performance in the financial sector [5] Group 3: Investment Opportunities - Stocks such as Nelnet, Inc. (NNI), Pagaya Technologies Ltd. (PGY), and United Fire Group, Inc. (UFCS) are highlighted as viable investment options due to their strong earnings momentum and favorable growth rates [3][11] - Nelnet (NNI) has an expected earnings growth rate of 59% for the current year, with a Zacks Rank 1 and a VGM Score of B [8] - Pagaya Technologies (PGY) shows an expected earnings growth rate of 195.2% for the current year, also holding a Zacks Rank 1 and a VGM Score of B [9] - United Fire Group (UFCS) has an expected earnings growth rate of 8% for the next year, with a Zacks Rank 2 and a VGM Score of B [10]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) For the transition period from to . Commission File Number: 001-31924 NELNET, INC. (Exact name of registrant as specified in its charter) Nebraska 84-0748903 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PU ...

Forward-looking and cautionary statements For Release: May 8, 2025 Investor Contact: Phil Morgan, 402.458.3038 Nelnet, Inc. supplemental financial information for the first quarter 2025 (All dollars are in thousands, except per share amounts, unless otherwise noted) The following information should be read in connection with Nelnet, Inc.'s (the "Company's") press release for first quarter 2025 earnings, dated May 8, 2025, and the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2025 ( ...

LINCOLN, Neb., May 8, 2025 /PRNewswire/ -- Nelnet (NYSE: NNI) today reported GAAP net income of $82.6 million, or $2.26 per share, for the first quarter of 2025, compared with GAAP net income of $73.4 million, or $1.98 per share, for the same period a year ago.Net income, excluding derivative market value adjustments1, was $87.4 million, or $2.39 per share, for the first quarter of 2025, compared with $67.4 million, or $1.81 per share, for the same period in 2024."We're pleased with Nelnet's strong operatin ...

Core Viewpoint - Nelnet, Inc. is set to release its earnings for the first quarter ended March 31, 2025, on May 8, 2025, after the market closes [1] Company Information - The earnings release will be available on Nelnet's investor relations website [1] - Additional information about Nelnet can be found on its corporate website [1]

LINCOLN, Neb., April 14, 2025 /PRNewswire/ -- Nelnet Business Services, a division of Nelnet, Inc. (NYSE: NNI), has acquired the outstanding equity and membership interests to become the sole owner of Next Gen Web Solutions (Next Gen), a longtime provider of software solutions within the higher education market.As a result of the acquisition, Next Gen, headquartered in Jacksonville, FL, will be structured within the Nelnet Campus Commerce business line of Nelnet Business Services, under the leadership of Ne ...

Group 1 - Nelnet (NYSE: NNI) reported a 6.4% growth in book value compared to the previous year, indicating an improvement over 2023 despite being lower than historical rates [1] - The management has successfully addressed previous challenges, contributing to the improved financial performance [1] Group 2 - The article reflects a positive sentiment towards Nelnet's performance and potential for future growth, highlighting the company's recovery trajectory [1]

Core Viewpoint - Nelnet (NNI) has received an upgrade to a Zacks Rank 1 (Strong Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][2]. Earnings Estimates and Stock Price Impact - Changes in a company's future earnings potential, as reflected in earnings estimate revisions, are strongly correlated with near-term stock price movements [3]. - Institutional investors utilize earnings estimates to calculate the fair value of a company's shares, leading to buying or selling actions that affect stock prices [3]. Business Improvement Indicators - The rising earnings estimates and the Zacks rating upgrade for Nelnet suggest an improvement in the company's underlying business, which could lead to higher stock prices as investors respond positively [4]. Importance of Earnings Estimate Revisions - Empirical research supports the correlation between earnings estimate revisions and stock movements, making it beneficial for investors to track these revisions for investment decisions [5]. - The Zacks Rank stock-rating system effectively utilizes earnings estimate revisions to classify stocks, providing a reliable framework for investors [6]. Specifics on Nelnet's Earnings Estimates - Nelnet is projected to earn $6.50 per share for the fiscal year ending December 2025, reflecting a year-over-year increase of 35.1% [7]. - Over the past three months, the Zacks Consensus Estimate for Nelnet has risen by 10.2%, indicating a positive trend in earnings expectations [7]. Zacks Rating System Overview - The Zacks rating system maintains a balanced distribution of 'buy' and 'sell' ratings across its universe of over 4000 stocks, with only the top 5% receiving a 'Strong Buy' rating [8]. - The upgrade of Nelnet to a Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [9].

Core Insights - Nelnet reported strong fourth-quarter 2024 earnings, exceeding market expectations in both revenue and earnings per share, indicating robust operational performance [1][2] Financial Performance - Non-GAAP earnings per share (EPS) for Q4 2024 reached $1.44, surpassing the anticipated $1.23, marking a significant turnaround from a net loss to a net income of $63.2 million compared to a loss of $7.9 million in the previous year [2][9] - Revenue from Loan Servicing and Systems was $138 million, a 7.1% increase from $128.8 million in Q4 2023, driven by the new Unified Servicing and Data Solution (USDS) contract [3][6] - Revenue from Education Technology Services and Payments rose by 2.1% to $108.3 million from $106.1 million in the prior year [3][6] - The Asset Generation and Management segment saw net interest income increase to $48.3 million from $35.6 million, supported by improved loan spreads [7] Business Segments and Strategy - Nelnet operates through four major segments: Loan Servicing and Systems, Education Technology Services and Payments, Asset Generation and Management, and Nelnet Bank, providing diversified revenue streams [4] - The company is focusing on strengthening its educational technologies and expanding Nelnet Bank's offerings, with a notable recovery in net income from $3.3 million loss to $4.2 million profit [5] - Despite challenges in the solar construction business, which reported a $17 million loss, the company is refocusing on commercial solar markets for better future prospects [8] Future Outlook - Management is optimistic about growth into 2025, projecting resilience through federal contracts and diversified business strategies, particularly in education technology and energy solutions [11] - The company aims to sustain profitability by balancing declining Federal Family Education Loan Program (FFELP) contributions with income from diversified sectors [11]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . COMMISSION FILE NUMBER 001-31924 NELNET, INC. (Exact name of registrant as specified in its charter) Nebraska 84-0748903 (State or other jurisdiction of incor ...