LINCOLN, NE—Nelnet Inc. (NYSE:NNI), a company specializing in education financial services, disclosed its bank subsidiary, Nelnet (NYSE:NNI) Bank's quarterly financials on Tuesday. The 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 ending June 30, 2024, was filed with the Federal Deposit Insurance Corporation (FDIC).
The document, commonly known as the Call Report, is a mandatory regulatory filing for U.S. banks and provides a detailed account of a bank's financial condition. This report is available to the public on the FDIC's website, allowing shareholders and analysts to review the bank's financial health and performance.
Nelnet Bank's Call Report, while not incorporated by reference into Nelnet's SEC filings, is a significant indicator of the subsidiary's contribution to the parent company's overall financial status. The report's figures are crucial for investors monitoring the company's performance, especially as Nelnet continues to navigate the competitive personal credit institutions industry.
The company's Chief Financial Officer, James D. Kruger, signed off on the 8-K filing on Wednesday, confirming the accuracy and timeliness of the report. This routine disclosure aligns with the requirements of the Securities Exchange Act of 1934 and does not constitute a filing for Section 18 of the Exchange Act, nor is it incorporated by reference in any filing under the Securities Act of 1933.
Nelnet's business address is located at 121 South 13th Street, Suite 100, Lincoln, Nebraska, 68508, and its business phone number is 402-458-2370. The company's SEC filing number is 001-31924, and its IRS employer identification number is 84-0748903. Nelnet's fiscal year ends on December 31.
Investors and analysts often scrutinize such filings to gauge a company's financial trajectory and operational soundness. Nelnet's latest SEC filing provides a transparent view of Nelnet Bank's financial standing as of the last quarter, which is a component of the parent company's broader financial picture.
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