earnings
confidence high
sentiment negative
materiality 0.70
Crescent BDC reports Q1 2026 NII $0.42, net loss ($0.42) per share; NAV $18.27; fees reduced; $0.43 total dividend
Crescent Capital BDC, Inc.
2026-Q1 EPS reported
$0.42
- Net investment income of $15.5M ($0.42/share) vs $16.5M ($0.45) prior quarter; net loss of ($15.5M) or ($0.42)/share.
- NAV per share fell to $18.27 from $19.10 at Dec 31, 2025, driven by net realized/unrealized losses.
- Base management fee cut from 1.25% to 1.00% and incentive fee from 17.5% to 15.0% effective April 1.
- Declared Q2 2026 base dividend $0.34/share + three special dividends totaling $0.09/share, payable through Dec 2026.
- Total investment income $37.9M, down from $40.8M; interest income declined due to lower benchmark rates and restructurings.