Hercules Capital posts record Q1 NII of $0.48/sh; NAV up 2.8% to $10.82

Hercules Capital, Inc.

2023-Q1 EPS reported $0.68

Record Q1 net investment income $65.5M ($0.48/sh), up 83% YoY; total investment income $105.1M, up 61.3%.
Total gross fundings $476.2M (record Q1); portfolio yield 15.1% GAAP, core yield 14.0%.
NAV per share $10.82 at March 31, up 2.8% from Q4 2022; available liquidity $553.1M.
Q1 dividend $0.47/sh declared (payable May 23, record May 16); 123% NII coverage of base distribution.
Signed non-binding term sheets of $510M as of May 4; portfolio M&A includes IVERIC Bio acquisition for ~$5.9B.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Hercules Capital, Inc. reported the first quarter ended March 31, 2023 results: revenue $105.1 million, net income $65.5 million, EPS $0.48 per share.

Period: the first quarter ended March 31, 2023
Revenue: $105.1 million
Net income: $65.5 million
EPS: $0.48 per share
Result: reported results

Exact text from the filing

Record Total Investment Income of $105.1 million, an increase of 61.3% year-over-year • Record Net Investment Income of $65.5 million, or $0.48 per share, an increase of 83.0% year-over-year

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Hercules Capital, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-135976

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