---
schema_version: "secwatch.filing_event.v1"
accession: "0001476765-23-000068"
form_type: "8-K"
ticker: "GBDC"
cik: "0001476765"
company_name: "GOLUB CAPITAL BDC, Inc."
filed_at: "2023-10-17T23:59:59+00:00"
generated_at: "2026-06-09T22:34:27.939008+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# GBDC Q4 preliminary NII $0.48–0.50/sh; NAV rises to $15.00–15.04

## Summary
- Adjusted NII per share of $0.49–$0.51, highest ever, benefiting from reduced base management fee (1.375% → 1.0%).
- Estimated EPS $0.58–$0.62; net realized/unrealized gain per share $0.10–$0.12.
- NAV per share estimated at $15.00–$15.04, up from $14.83 at June 30, 2023, after $0.41 in distributions.
- Non-accrual investments stable at nine; fair-value non-accrual ratio <1.5%.
- New middle-market commitments of $129.6M in the quarter; ~80% one-stop loans.

## SEC filing metadata
- accession: 0001476765-23-000068
- form_type: 8-K
- ticker: GBDC
- cik: 0001476765
- company_name: GOLUB CAPITAL BDC, Inc.
- filed_at: 2023-10-17T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1476765/000147676523000068/0001476765-23-000068-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1476765/000147676523000068/gbdc-20231017.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001476765-23-000068
- JSON: https://secwatch.observer/filing/0001476765-23-000068.json
- Plain text: https://secwatch.observer/filing/0001476765-23-000068.txt

## Key facts
- Earnings Releases
  GOLUB CAPITAL BDC, Inc. reported fourth fiscal quarter ended September 30, 2023 results: EPS 0.58 to 0.62.
  - Period: fourth fiscal quarter ended September 30, 2023
  - EPS: 0.58 to 0.62
  - Result: preliminary results
  source text: Golub Capital BDC, Inc. Announces Preliminary Fiscal Year 2023 Fourth Quarter Financial Results GBDC Results Driven by Highest-Ever Adjusted Net Investment Income Per Share, Net Realized and Unrealized Gains, and Reduced Management Fee Rate NEW YORK, NY, October 17, 2023 - Golub Capital BDC, Inc., a business development company (Nasdaq: GBDC), today announced estimated financial results for its fourth fiscal quarter ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1476765/000147676523000068/0001476765-23-000068-index.htm

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