earnings
confidence high
sentiment positive
materiality 0.75
Trinity Capital Q4 NII $0.58/sh, ROAE 17.4%; FY24 NII $2.20/sh, total investment income up 31% YoY
Trinity Capital Inc.
2024-FY EPS reported
$2.10
- Q4 total investment income $70.8M (+48.1% YoY); NII $34.6M ($0.58/sh), a quarterly record.
- Full year 2024 NII $115.8M ($2.20/sh); total investment income $237.7M (+30.7% YoY).
- Net asset value $823.0M ($13.35/sh); debt-to-equity decreased to 108% from 122% QoQ.
- Gross investments funded $1.2B in FY24 (+91.6% YoY); Q4 dividend $0.51/sh, 20th consecutive quarter of steady/increased dividend.
- Undistributed earnings spillover $66.8M ($1.08/sh); convertible notes settled for $66.2M cash; ATM raised $17.2M in early 2025.