Nelnet (NNI) reported fourth-quarter GAAP net income of $56.6 million, or $1.20 per share, compared to $64.9 million, or $1.37 per share in the prior year.
The results include Include a $2.8 million, or $0.03 per share after tax, non-cash impairment charge in the company's enrollment services segment.
Excluding derivative market value and foreign currency adjustments, net income for the quarter declined to $1.05 per share from $1.22 per share in the comparable quarter a year ago.
Net interest income for the quarter declined to $90.5 million from $93.2 million in the prior year quarter, while total other income was $7.0 million, down from $12.2 million in year ago quarter.
During the fourth quarter of 2012, the company repurchased and retired 747 thousand shares of Class A common stock, for $21.3 million, or an average price of $28.53 per share.
In addition. Nelnet will pay a first quarter dividend on Class A common stock and Class B common stock of $0.10 per share. The dividend is payable, Friday, March 15, 2013, to shareholders of record on Friday, March 1, 2013
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.