Nelnet reported fourth-quarter earnings that were down significantly from a year ago, but they still beat the expectations of financial analysts.
The Lincoln-based financial services company said it had net income of $132.7 million, or $3.46 per share, for the fourth quarter of 2021, compared with net income of $235 million, or $6.10 per share, for the same period a year ago.
After making derivative market value adjustments, Nelnet reported earnings of $95.9 million, or $2.50 per share, for the fourth quarter, compared with $240.4 million, or $6.23 per share, for the same period in 2020.
The company’s fourth quarter earnings in 2020 were artificially boosted by a one-time gain of $258.6 million related to the recapitalization of Allo Communications.
For the year, Nelnet’s net income was $393.3 million, or $10.20 per share, compared with net income of $352.4 million, or $9.02 per share, in 2020.
CEO Jeff Noordhoek said in a news release that last year “was a tremendous year” for the company.
Delta Nelson’s entire life has been rooted in the auto industry, so it only made sense when she decided to open The Mechanix Garage in Lincoln.
Downtown Lincoln’s population is expected to reach 10,000 in 2025 — a 730% increase since 2010.
The history, culture and DNA of the Cornhusker state are woven throughout the Scarlet, which is scheduled to open this spring.
Robin Eschliman’s annual review of restaurants in Lincoln found more dining options opened in 2021 than shut down.
Over $2 billion worth of inventory was sold online through HiBid in 2021, and there are typically anywhere from 700,000 to 1 million items listed on the site at any given time.
Assurity’s Jack Douglas moved with his wife from South Carolina in 2020, the height of the pandemic.
What started as an ambitious vision in 2015 has nearly come to fruition for Speedway Properties and Nelnet, which partnered together and bought more than a dozen properties in the once-blighted area in the 2010s.
Union Bank & Trust executive vice president Doris Robertson attributes the bank’s recent success in part to the innovations the company made during the early days of the pandemic.
Before Boxcar BBQ officially served its first slab of ribs to a paying customer in October, the staff experimented with hundreds of pounds of meat and dozens of tweaks to their recipes.
Even when the work is hard and frustrating, Jayne Ellenwood says it fills her bucket to be a part of Bryan’s response to the community.
The golf club that opened in 2001 has gone private and among its new features will be a 250-foot-long lazy river, an adults-only pool with a swim-up bar and a six-lane competition lap pool.
“I wrote thank-you cards to anyone that spent money with us. … I wrote hundreds and hundreds and hundreds of cards,” owner Laurie Frasier said, even if someone only spent a few dollars.
With the South Beltway set to open next year, some developers worry the city isn’t thinking aggressively enough about spurring growth in an area still largely unserved by sewer and other infrastructure.
Jason Ball returns home to lead the Lincoln Chamber of Commerce with determination to “keep the ball rolling” for Lincoln as the city develops and grows.
CHI Health plans to open a new clinic at 40th Street and Yankee Hill Road, while Bryan Health will wrap up a multiyear expansion and renovation at its East Campus hospital.
Each of the eight Schulz Poultry barns holds 45,000 birds, which arrive at just a couple hours old and spend the next 42-44 days in the barns before going to Fremont for processing.
Jada Picket Pin said she enjoys serving first-time visitors to the Green Gateau, as well as regulars who return for the excellent food and quality service.
Christina Melgoza has seen big changes in Lincoln during her eight years as director of lot sales at Kreuger Development. She spoke to the Journal Star about Lincoln’s growth, the housing market and more.
Since CompanyCam’s inception, more than 400 million photos have been stored and 15 million projects created largely by contractors looking to better document their work.
Monolith led a record year for investment in Lincoln-based companies, which collectively raised nearly $300 million in venture capital in 2021.
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Many employees moved to remote work during COVID-19, a trend that’s likely to stick around, experts say. But other pandemic effects, such as labor shortages and pay increases, are likely to be short-term changes.
A fundraising campaign brought in more than $10.3 million for the 7 acres of land near the airport and the 60,000-square-foot new office building and warehouse, almost doubling the Food Bank’s current space.
Jay Foreman, Erick Strickland and Vershan Jackson have shows on the The Ticket, which also has programs featuring 22 current Nebraska athletes.
The Journal Star invited businesses and other offices celebrating an anniversary divisible by five this year to share their history with readers.
The Journal Star invited readers to share honors that businesses or employees received as best of state, region or nation. Also included is a recap of the major awards presented by business organizations locally.
In June, the Lincoln Chamber of Commerce resumed ribbon-cutting events to mark new businesses, businesses with new owners, relocated and renovated businesses, business anniversaries and ground-breaking ceremonies.
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