Record Q4 NII $0.56/sh, up 38.5% YoY; total inv. income $122.6M; new $0.32 supplemental distribution for 2024

Hercules Capital, Inc.

2023-FY EPS reported $2.31

Q4 2023 NII of $86.0M ($0.56/sh) vs $62.1M ($0.47/sh) in Q4 2022, a 38.5% YoY increase.
Record total investment income of $122.6M in Q4, up 22.4% YoY; full-year NII $304.0M ($2.09/sh).
Record full-year gross fundings of $1.6B, up 9.1% YoY; NAV per share rose 4.6% QoQ to $11.43.
Declared Q4 2023 total cash distribution of $0.48/sh; also announced new $0.32 supplemental for 2024 payable over four quarters.

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 financial results for the quarter and year ended December 31, 2023.

Period: the quarter and year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 15, 2024, Hercules Capital, Inc. (the “Company”) issued a press release announcing its earnings for the quarter and year ended December 31, 2023.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Hercules Capital, Inc. reported full-year ended December 31, 2023 results: revenue Total Investment Income of $460.7 Million, net income Net Investment Income “NII” of $304.0 Million, EPS $2.09 per share.

Period: full-year ended December 31, 2023
Revenue: Total Investment Income of $460.7 Million
Net income: Net Investment Income “NII” of $304.0 Million
EPS: $2.09 per share
Result: reported results

Exact text from the filing

Record Full-Year 2023 Total Investment Income of $460.7 Million, an Increase of 43.2% Year-over-Year Record Full-Year 2023 Net Investment Income “NII” of $304.0 Million, an Increase of 61.7% Year-over-Year

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Hercules Capital, Inc. reported fourth quarter ended December 31, 2023 results: revenue Total Investment Income of $122.6 Million, net income Net Investment Income “NII” of $86.0 Million, EPS $0.56 per Share.

Period: fourth quarter ended December 31, 2023
Revenue: Total Investment Income of $122.6 Million
Net income: Net Investment Income “NII” of $86.0 Million
EPS: $0.56 per Share
Result: reported results

Exact text from the filing

Record Q4 2023 Total Investment Income of $122.6 Million, an Increase of 22.4% Year-over-Year Record Q4 2023 Net Investment Income “NII” of $86.0 Million, or $0.56 per Share

View on SEC.gov

379 earnings releases filed in the last 30 days. Browse all earnings releases →

Hercules Capital, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-24-037579

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