---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-202900"
form_type: "8-K"
ticker: "HTGC"
cik: "0001280784"
company_name: "Hercules Capital, Inc."
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T07:23:25.768437+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0001193125-23-202900
- form_type: 8-K
- ticker: HTGC
- cik: 0001280784
- company_name: Hercules Capital, Inc.
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1280784/000119312523202900/0001193125-23-202900-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1280784/000119312523202900/d526050d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-202900
- JSON: https://secwatch.observer/filing/0001193125-23-202900.json
- Plain text: https://secwatch.observer/filing/0001193125-23-202900.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1280784/000119312523202900/0001193125-23-202900-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.