---
schema_version: "secwatch.filing_event.v1"
accession: "0001379785-26-000008"
form_type: "8-K"
ticker: "BBDC"
cik: "0001379785"
company_name: "Barings BDC, Inc."
filed_at: "2026-02-19T23:59:59+00:00"
generated_at: "2026-05-16T01:41:39.621654+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Barings BDC Q4 NII $28M ($0.27/shr), portfolio yield 9.5%; declares $0.26 dividend

## Summary
- Q4 net investment income $28.0M ($0.27/shr), down from $33.6M ($0.32/shr) in Q3 2025.
- Full year 2025 NII $117.8M ($1.12/shr); net increase in net assets $101.9M ($0.97/shr).
- Portfolio yield on performing debt investments 9.5% at Dec 31, 2025 vs 9.8% at Sep 30, 2025.
- Board declares quarterly cash dividend of $0.26 per share (unchanged); no special dividend this quarter.
- Net asset value per share $11.09, down from $11.29 a year ago and $11.10 at Sep 30, 2025.

## SEC filing metadata
- accession: 0001379785-26-000008
- form_type: 8-K
- ticker: BBDC
- cik: 0001379785
- company_name: Barings BDC, Inc.
- filed_at: 2026-02-19T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1379785/000137978526000008/0001379785-26-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1379785/000137978526000008/bbdc-20260219.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001379785-26-000008
- JSON: https://secwatch.observer/filing/0001379785-26-000008.json
- Plain text: https://secwatch.observer/filing/0001379785-26-000008.txt

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