04:55 PM EDT, 05/09/2024 (MT Newswires) -- Nelnet ( NNI ) reported Q1 non-GAAP net income Thursday of $1.81 per share, up from $1.47 a year earlier.

Analysts polled by Capital IQ expected $1.37.

Revenue, expressed as the sum of net interest income and other income, for the quarter ended March 31 was $385.4 million, up from $331.7 million a year earlier. Analysts polled by Capital IQ expected $364 million.

The company's board kept the quarterly cash dividend at $0.28 per share, payable June 14 to shareholders of record on May 31.

Shares were up 2% in after-hours activity.

Price: 100.67, Change: +2.12, Percent Change: +2.15