Hercules Capital Q1 NII $0.50/sh (+20.9% YoY); record commitments $956M; dividend $0.48

Hercules Capital, Inc.

2024-Q1 EPS reported $0.57

Record Q1 gross commitments $956.0M (+81.7% YoY) and fundings $605.2M (+27.1% YoY).
Total investment income $121.6M (+15.7% YoY); NII $79.2M ($0.50/sh, +20.9% YoY), covering 125% of base distribution.
NAV per share $11.63 (+1.7% QoQ); net GAAP leverage 91.0%; non-accruals at 1.2% of cost (2 loans).
Early repayments $161.1M (-42% from Q4); core yield 14.0%; undistributed spillover $142.7M.
Board declared Q1 total cash distribution $0.48/sh ($0.40 base + $0.08 supplemental), payable May 21.

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 quarter ended March 31, 2024 results: revenue $121.6 million, net income $79.2 million, EPS $0.50 per share.

Period: the quarter ended March 31, 2024
Revenue: $121.6 million
Net income: $79.2 million
EPS: $0.50 per share
Result: reported results

Exact text from the filing

Hercules Capital Reports First Quarter 2024 Financial Results Record Q1 2024 Total Gross Debt and Equity Commitments of $956.0 Million, an Increase of 81.7% Year-over-Year Record Q1 2024 Total Gross Fundings of $605.2 Million, an Increase of 27.1% Year-over-Year Q1 2024 Total Investment Income of $121.6 Million, an Increase of 15.7% Year-over-Year Q1 2024 Net Investment Income “NII” of $79.2 Million, or $0.50 per Share, an Increase of 20.9% Year-over-Year

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Hercules Capital, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-24-129411

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