secwatch.observer — SEC 8-K summary
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Issuer:     Hercules Capital, Inc. (HTGC)
CIK:        0001280784
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001193125-24-129411
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1280784/000119312524129411/0001193125-24-129411-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1280784/000119312524129411/d802560d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-129411

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