Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
GLADSTONE CAPITAL CORP reported quarter ended September 30, 2022 results: revenue $15.9 million, net income $7.5 million, EPS $0.22.
- Period
- quarter ended September 30, 2022
- Revenue
- $15.9 million
- Net income
- $7.5 million
- EPS
- $0.22
- Result
- reported results
Exact text from the filing
Total investment income during the quarters ended September 30, 2022 and June 30, 2022 was $15.9 million and $13.8 million, respectively. The quarter over quarter increase was primarily due to increases in both the weighted average yield and the weighted average principal balance of our interest-bearing investments. The weighted average yield on our interest-bearing investments increased to 11.2% during the quarter ended September 30, 2022 as compared to 10.0% during the quarter ended June 30, 2022. The weighted average principal balance of our interest-bearing investment portfolio increased to $553.3 million during the quarter ended September 30, 2022, as compared to $506.1 million during the quarter ended June 30, 2022. Total expenses increased by 23.8% quarter over quarter, primarily due to a $0.7 million increase in net incentive fees driven by higher net investment income and a $0.6 million increase in interest expense, quarter over quarter. Net investment income for the quarter e
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Earnings Releases
SEC 8-K Item 2.02
confidence 1.0
GLADSTONE CAPITAL CORP reported year ended September 30, 2022 results: revenue $63.2 million, net income $32.3 million, EPS $0.94.
- Period
- year ended September 30, 2022
- Revenue
- $63.2 million
- Net income
- $32.3 million
- EPS
- $0.94
- Result
- reported results
Exact text from the filing
Total investment income during the years ended September 30, 2022 and 2021 was $63.2 million and $53.8 million, respectively. The year over year increase was primarily due to a $4.0 million increase in interest income, driven by an increase in the average principal balance of our interest-bearing investment portfolio of $54.2 million, or 11.7%, year over year, partially offset by a slight decrease in the weighted average yield from 10.6% during the year ended September 30, 2021 to 10.4% during the year ended September 30, 2022. Expenses, net of any non-contractual, unconditional and irrevocable credits to fees from the Adviser, increased $3.2 million, or 11.6%, for the year ended September 30, 2022, as compared to the prior year. This increase was primarily due to a $1.8 million increase in the net incentive fee and a $1.5 million increase in interest expense on borrowings. Net investment income for the year ended September 30, 2022 was $32.3 million, an increase of 23.6%, as compared
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