Trinity Capital Q1 2023: record NII of $19.3M, revenue up 30.5% YoY

Trinity Capital Inc.

2023-Q1 EPS reported $0.60

Total investment income $41.5M (+30.5% YoY); NII $19.3M ($0.55/share) up 23.7%.
Net increase in net assets from operations $22.5M ($0.64/share) vs loss $9.1M in Q1 2022.
Declared Q1 dividend $0.47/share, up 2.2% from prior regular dividend; 117% NII coverage.
Portfolio fair value ~$1.1B across 115 companies; leverage 131% vs 135% in Q4 2022.
Available liquidity $174.8M; funded $70.4M in new investments; $82.8M in repayments.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Trinity Capital Inc. reported the first quarter ended March 31, 2023 results: revenue $41.5 million, net income $22.5 million, EPS $0.64 per basic share.

Period: the first quarter ended March 31, 2023
Revenue: $41.5 million
Net income: $22.5 million
EPS: $0.64 per basic share
Result: reported results

Exact text from the filing

First Quarter 2023 Highlights • Total investment income of $41.5 million, an increase of 30.5% year-over-year • Net investment income (“NII”) of $19.3 million, or $0.55 per basic share, an increase of 23.7% year-over-year • Net increase in net assets resulting from operations of $22.5 million, or $0.64 per basic share

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Source: SEC EDGAR

accession 0000950170-23-017856

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