---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-037579"
form_type: "8-K"
ticker: "HTGC"
cik: "0001280784"
company_name: "Hercules Capital, Inc."
filed_at: "2024-02-15T23:59:59+00:00"
generated_at: "2026-06-06T00:49:21.773915+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-24-037579
- form_type: 8-K
- ticker: HTGC
- cik: 0001280784
- company_name: Hercules Capital, Inc.
- filed_at: 2024-02-15T23:59:59+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/1280784/000119312524037579/0001193125-24-037579-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1280784/000119312524037579/d745418d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-037579
- JSON: https://secwatch.observer/filing/0001193125-24-037579.json
- Plain text: https://secwatch.observer/filing/0001193125-24-037579.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1280784/000119312524037579/0001193125-24-037579-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1280784/000119312524037579/0001193125-24-037579-index.htm
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1280784/000119312524037579/0001193125-24-037579-index.htm

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