Hercules Capital reports record Q2 NII $0.53/share +88.6% YoY; raises quarterly base distribution to $0.40

Hercules Capital, Inc.

2023-Q2 EPS reported $1.34

Record total investment income of $116.2M (+61.2% YoY); record NII of $75.7M ($0.53/share, +88.6% YoY).
Board increases quarterly base distribution to $0.40/share (from $0.36), plus $0.08 supplemental, total $0.48 per share.
NAV per share rose 1.3% QoQ to $10.96; undistributed earnings spillover $148.1M ($1.02/share).
Early loan repayments of $297.0M in Q2, up 46.7% from Q1; non-accruals reduced to one loan (0.4% of cost).
95.5% of debt portfolio floating-rate; 88.1% of debt borrowings fixed-rate; GAAP leverage 101.3%.

item 2.02 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.98

Hercules Capital, Inc. reported the second quarter ended June 30, 2023 results: revenue Total Investment Income of $116.2 Million, net income Net Investment Income "NII" of $75.7 Million, or $0.53 per Share, EPS $0.53 per share.

Period: the second quarter ended June 30, 2023
Revenue: Total Investment Income of $116.2 Million
Net income: Net Investment Income "NII" of $75.7 Million, or $0.53 per Share
EPS: $0.53 per share
Result: reported results

Exact text from the filing

Hercules Capital Reports Second Quarter 2023 Financial Results Record Q2 2023 Total Investment Income of $116.2 Million, an Increase of 61.2% Year-over-Year Record Q2 2023 Net Investment Income "NII" of $75.7 Million, or $0.53 per Share, an Increase of 88.6% Year-over-Year

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Source: SEC EDGAR

accession 0001193125-23-202900

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