---
schema_version: "secwatch.filing_event.v1"
accession: "0001379785-26-000021"
form_type: "8-K"
ticker: "BBDC"
cik: "0001379785"
company_name: "Barings BDC, Inc."
filed_at: "2026-05-07T23:59:59+00:00"
generated_at: "2026-05-14T21:31:12.549362+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Barings BDC Q1 NII $0.25/shr, NAV $11.02; dividend $0.26 unchanged

## Summary
- Net investment income $25.9M ($0.25/shr) vs Q4 2025 $28.0M ($0.27/shr); net realized losses $10.8M.
- NAV per share $11.02 as of Mar 31, 2026, down from $11.09 at Dec 31, 2025.
- Weighted avg yield on performing debt 9.4% (vs 9.5% prior Q); debt-to-equity 1.24x.
- Declared quarterly cash dividend $0.26/shr, unchanged from prior quarter.
- Elected Class II directors Steve Byers, Valerie Lancaster-Beal, John A. Switzer.

## SEC filing metadata
- accession: 0001379785-26-000021
- form_type: 8-K
- ticker: BBDC
- cik: 0001379785
- company_name: Barings BDC, Inc.
- filed_at: 2026-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 5.07, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1379785/000137978526000021/0001379785-26-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1379785/000137978526000021/bbdc-20260507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001379785-26-000021
- JSON: https://secwatch.observer/filing/0001379785-26-000021.json
- Plain text: https://secwatch.observer/filing/0001379785-26-000021.txt

## Source-grounded claims
- claim_id: c09270aaa3a1be84783dff538a399a5f605e38c2
  claim: Barings BDC, Inc. reported first quarter of 2026 results: net income Net investment income $25.9, EPS $0.25.
  evidence_excerpt: Ended Income Statement March 31, 2026 December 31, 2025 (dollars in millions, except per share data) Total Amount Per Share (1) Total Amount Per Share (2) Net investment income $25.9 $0.25 $28.0 $0.27 Net realized gains (losses) $(10.8) $(0.10) $(5.2) $(0.05) Net unrealized appreciation (depreciation) $4.9 $0.05 $2.5 $0.02 Net increase in net assets resulting
  evidence_url: https://www.sec.gov/Archives/edgar/data/1379785/000137978526000021/0001379785-26-000021-index.htm

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