CD2

Nelnet Reports Fourth Quarter 2021 Results

Retrieved on: 
Monday, February 28, 2022
Risk, Budget, Income, Program, Coronavirus, Government, CD2, Federal Family Education Loan Program, Wells Fargo, Investment, Security (finance), Payment, U.S. Department of Defense Strategy for Operating in Cyberspace, NNI, COVID-19, Environment, NYSE, U.S. Securities and Exchange Commission, Economic security, Risk management, Forest Law Enforcement and Governance Program, Consumer, LIBOR, CARES Act, Loan servicing, Disclosure, AGM, Economy, Mission statement, GAAP, Contract, HP EliteBook, Department, Educational technology, Lithium, Bank, Real estate, Pharmaceutical industry, Nelnet

"2021 was a tremendous year for Nelnet," said Jeff Noordhoek, chief executive officer of Nelnet.

Key Points: 
  • "2021 was a tremendous year for Nelnet," said Jeff Noordhoek, chief executive officer of Nelnet.
  • As a result, the company recognized income of $10.3 million (or $7.8 million after tax, or $0.20 per share) during the fourth quarter of 2021 to adjust its carrying value to reflect the October 2021 transaction value.
  • Net interest income less derivative settlements was $64.3 million in the fourth quarter of 2021, compared with $80.3 million in the fourth quarter of 2020.
  • AGM recognized a negative provision for loan losses in the fourth quarter of 2021 of $2.0 million ($1.5 million after tax), compared with a negative provision for loan losses of $10.4 million ($7.9 million after tax) in the fourth quarter of 2020.

The Band's Classic Fourth Album, 'Cahoots,' Celebrated With Remixed, Remastered And Expanded 50th Anniversary Edition Releases

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Friday, October 22, 2021
Bootleg, The Band, R&B, Dolby Atmos, Chest Fever, Morrison, Woodstock, Carnival, Garth Hudson, Across the Great Divide, The W.S. Walcott Medicine Show, Gospel, Special edition, CD2, R, Apple of Sodom (song), Olympia Theatre, The Brown Album, Portrait, Rag Mama Rag, Genetic method, Four Tops, Horns, Loving You, Stevie, Blu-ray, Singing, Man, Stage fright, Billboard, Fearless, The Children (1984 film), The Hawks, Little Richard, Great Divide, Woodstock Playhouse, When I Paint My Masterpiece, Music, We Can Talk, Slippin' and Slidin', Bass, Olympia Theatre, Dublin, The Unfaithful Servant, Canadian National Exhibition, Life, Technology, CD, Reproduction, Music from Big Pink, Rock of Ages (The Band album), CD1, Life Is a Carnival, Time, The Night They Drove Old Dixie Down, Cassette tape

On December 10, Capitol/UMe will celebrate the 50th anniversary of The Band's classic fourth album, Cahoots, with an assembly of newly remixed, remastered and expanded 50th Anniversary Edition packages, including a multi-format Super Deluxe 2CD/Blu-ray/1LP/7-inch vinyl box set along with digital, 2CD, 180-gram half-speed-mastered black vinyl and limited-edition 180-gram black vinyl packages.

Key Points: 
  • On December 10, Capitol/UMe will celebrate the 50th anniversary of The Band's classic fourth album, Cahoots, with an assembly of newly remixed, remastered and expanded 50th Anniversary Edition packages, including a multi-format Super Deluxe 2CD/Blu-ray/1LP/7-inch vinyl box set along with digital, 2CD, 180-gram half-speed-mastered black vinyl and limited-edition 180-gram black vinyl packages.
  • All the Anniversary Edition releases were overseen by principal songwriter Robbie Robertson and sport a new stereo mix by Bob Clearmountain from the original multi-track masters.
  • As Clearmountain shares in the liners, "Robbie told me, 'Just think of the original mixes as rough mixes.
  • Cahoots peaked at #21 on Billboard, marking The Band's fourth consecutive Top 30 album appearance.

Nelnet Reports Second Quarter 2021 Results

Retrieved on: 
Thursday, August 5, 2021
Federal Family Education Loan Program, Program, Forest Law Enforcement and Governance Program, Investment, U.S. Securities and Exchange Commission, Economy, NNI, Federal Deposit Insurance Corporation, Educational technology, Technology, AGM, HP EliteBook, Government, Omnibus spending bill, Internet, Mission statement, Consumer, Contract, Coronavirus, Financial institution, Loan servicing, COVID-19, Utah Department of Corrections, Budget, Department, Payment, Environment, Sale, Culture, K–12, Risk, CD2, New York Stock Exchange, Consolidated Appropriations Act, 2021, Income, Libor, Disclosure, Risk management, GAAP, Acquisition, Security (finance), Animal, Lithium, Bank, Tutoring

"Nelnet delivered strong results across our core business segments," said Jeff Noordhoek, Chief Executive Officer of Nelnet.

Key Points: 
  • "Nelnet delivered strong results across our core business segments," said Jeff Noordhoek, Chief Executive Officer of Nelnet.
  • The company recognized expense from derivative settlements of $5.4 million during the second quarter of 2021, compared with income of $5.8 million for the same period in 2020.
  • Net interest income and derivative settlements increased to a net of $75.9 million in the second quarter of 2021, up from a total of $71.9 million in the second quarter of 2020, due to an increase in core loan spread.
  • Core loan spread was positively impacted in the second quarter of 2021 by lower interest rates.