earnings
confidence high
sentiment positive
materiality 0.85
Hercules Capital reports record full-year NII $325.8M, supplemental dividend $0.28/share
Hercules Capital, Inc.
2024-FY EPS reported
$1.61
- Q4 NII $81.1M ($0.49/share) covers 123% of base distribution; NAV up 2.3% to $11.66.
- Record FY2024 total investment income $493.6M (+7.1% YoY); gross fundings $1.81B (+13.0% YoY).
- New supplemental dividend program for 2025: $0.28/share payable over four quarters.
- Non-accrual loans fell to 1 loan (0.5% of portfolio at fair value) from 2 in prior quarter.
- Net GAAP leverage 89.6%; available liquidity $658.8M; $578.5M pending commitments.