Highest-materiality recent filing
Hercules Capital Q2 2026: Record NII $0.50/sh, dividend $0.47, NAV $12.15
Record Q2 total investment income $149.1M (+8.5% YoY); NII $92.9M ($0.50/sh) covers base dividend 125%.
Hercules Capital issues $325M of 6.300% Notes due 2031
Issued $325M aggregate principal of 6.300% Notes due July 24, 2031; interest paid semiannually.
Hercules Capital prelim Q2 NAV $12.10-$12.20, up 1.7-2.5% QoQ; NII $0.49-$0.51/share
NAV per share $12.10-$12.20, up from $11.90 at March 31, 2026.
Hercules Q1 NII $0.48/sh, commitments $1.81B (+78% YoY); declares $0.47/sh dividend
Record Q1 total investment income $141.5M (+18.4% YoY); NII $88.1M ($0.48/sh), covering 120% of base dividend.
Hercules Capital promotes Seth Meyer to President, appoints Andrew Olson as CFO
Seth Meyer, CFO since 2019, becomes President effective May 18, 2026, reporting to CEO Scott Bluestein.
Hercules Capital (HTGC) reports record 2025 NII $341.7M, declares supplemental dividend $0.28/share
Q4 2025 NII $87.0M ($0.48/share); full-year NII $341.7M ($1.91/share), +4.9% YoY.
Hercules Capital issues $300M of 5.350% Notes due 2029
Issued $300M aggregate principal of 5.350% Notes due February 10, 2029.
Hercules Capital prelim Q4 NAV $12.10-12.16, up from $12.05; NII $0.47-0.49/sh
Prelim NAV per share range $12.10-$12.16 as of Dec 31, 2025, up $0.05-$0.11 from Sep 30.
Record total investment income $138.1M (+10.3% YoY); NII $88.6M ($0.49/sh) covers base distribution 122%.
Hercules Capital Q2 NII $0.50/share (+7.7% YoY); record commitments $1B, dividend $0.47
Record Q2 total investment income $137.5M (+10% YoY); NII $88.7M ($0.50/share), 125% coverage of base distribution.
Hercules Capital issues $350M 6.000% Notes due 2030; MUFG facility upsized to $440M
Issued $350M unsecured notes at 6.000% due June 2030; net proceeds to repay secured debt.
Q1 2025 NII of $77.5M ($0.45/shr) vs $79.2M ($0.50/shr) in Q1 2024; 113% coverage of base distribution.
Hercules Capital prices $250M 4.75% Convertible Notes due 2028
Priced $250M aggregate principal of 4.75% Convertible Unsecured Notes due Sept 1, 2028.
Hercules Capital plans $250M convertible notes offering due 2028, with overallotment option
Plans to offer $250M aggregate principal of Convertible Unsecured Notes due Sept 1, 2028.
Hercules Capital reports record full-year NII $325.8M, supplemental dividend $0.28/share
Q4 NII $81.1M ($0.49/share) covers 123% of base distribution; NAV up 2.3% to $11.66.
Hercules Capital files to sell up to 30M shares via ATM program with Jefferies and Citizens JMP
Up to 30,000,000 shares may be sold at-the-market; proceeds for investments, acquisitions, debt retirement, and general corporate purposes.
Hercules Capital upsizes SMBC credit facility to $300M, extends maturity to 2029
SMBC credit facility increased from $225M to $300M; accordion feature allows expansion up to $500M.
Hercules Capital reports record Q3 total investment income $125.2M, NII $0.51/share
Record total investment income $125.2M (+7.3% YoY); NII $83.2M ($0.51/share), +8.3% YoY.
Hercules Capital Q2: record investment income $125M, NII $0.51/sh, dividend $0.48
Record Q2 total investment income $125.0M (+7.5% YoY); NII $82.4M ($0.51/sh) up 8.8% YoY.
Hercules Capital receives SBA approval for fourth SBIC license; adds $175M debenture capacity
SBA approved Hercules' fourth SBIC license, providing access to $175M of long-term debentures.
Hercules Capital Q1 NII $0.50/sh (+20.9% YoY); record commitments $956M; dividend $0.48
Record Q1 gross commitments $956.0M (+81.7% YoY) and fundings $605.2M (+27.1% YoY).
Q4 2023 NII of $86.0M ($0.56/sh) vs $62.1M ($0.47/sh) in Q4 2022, a 38.5% YoY increase.
Hercules Capital Q3 record total investment income $116.7M, NII $0.52/share, declares $0.48 dividend
Record total investment income $116.7M (+38.6% YoY); record NII $76.8M ($0.52/share) (+53.6% YoY).
Record total investment income of $116.2M (+61.2% YoY); record NII of $75.7M ($0.53/share, +88.6% YoY).
Hercules Capital posts record Q1 NII of $0.48/sh; NAV up 2.8% to $10.82
Record Q1 net investment income $65.5M ($0.48/sh), up 83% YoY; total investment income $105.1M, up 61.3%.
Hercules Capital has no SVB exposure, earmarks $50M for short-term loans to affected firms
No cash or banking relationship with Silicon Valley Bank; no direct operational impact expected.
Q4 2022 total investment income $100.2M (+38.3% YoY); NII $62.1M ($0.47/share) (+54% YoY).
Hercules Capital enters new $100M SMBC LC facility; amends MUFG revolver reducing capacity to $400M
Entered $100M letter of credit facility with Sumitomo Mitsui Banking Corp., maturing Jan 13, 2026; proceeds support unfunded portfolio commitments.
Hercules Capital Q3 2022 NII $0.39/share, record commitments, raises distribution to $0.36
Record total investment income of $84.2M, up 20% YoY; NII of $0.39/share, up 31.3%.
Hercules Capital Q2 NII $0.32/share; record commitments $1.04B; NAV down 3.6%
NII $40.1M ($0.32/share), up 8.6% YoY; total investment income $72.1M (+3.7%).
Hercules Capital raises $200M via asset-backed and unsecured notes; appoints new director
Completed two debt financings totaling $200M: $150M asset-backed notes at 4.95% due 2031 and $50M unsecured notes at 6.00% due 2025.
Hercules Capital expands credit facilities to $720M from $500M to support portfolio growth
MUFG facility increased from $400M to $545M; SMBC facility increased from $100M to $175M.
Hercules Capital Q1 NII $0.30/share, record commitments $615M, declares $0.48 total dividend
Q1 NII $35.8M ($0.30/share), total investment income $65.2M; net debt portfolio grew $190.7M.
Q4 2021 NII $40.4M ($0.35/sh) vs $42.2M ($0.37/sh) in Q4 2020; total investment income $72.5M.
Hercules Capital issues $350M of 3.375% notes due 2027; to refinance convertible notes
Issued $350.0M of 3.375% Notes due January 20, 2027.
Seth H. Meyer, age 57, the Company's Chief Financial Officer since March 2019, will transition from his role as Chief Financial Officer and was appointed President of the Company.
Andrew Olson, age 43, was appointed Chief Financial Officer and Head of Corporate Development, succeeding Mr. Meyer in the role of Chief Financial Officer.
On September 21, 2023, the Board elected Nikos Theodosopoulos as an independent director of the Company.
On January 26, 2023, director Brad Koenig notified the Chairman of the Board of Directors of Hercules Capital, Inc. (the “Company”) of his decision to accept a position with the federal government and, as a consequence, resign from his position as a member of the Board, effective as of the close of business on January 27, 2023.
Joseph F. Hoffman and Doreen Woo Ho each retired from Board of Directors of the Company (the “Board”) as Class III independent directors following the expiration of their then-current terms at the Company’s 2022 Annual Meeting of Stockholders (the “Annual Meeting”) held on June 23, 2022.
On June 23, 2022, the Board elected DeAnne Aguirre as an independent director of the Company.
Joseph F. Hoffman and Doreen Woo Ho each retired from Board of Directors of the Company (the “Board”) as Class III independent directors following the expiration of their then-current terms at the Company’s 2022 Annual Meeting of Stockholders (the “Annual Meeting”) held on June 23, 2022.
On February 1, 2022, Christian Follmann was promoted to Chief Operating Officer of Hercules Capital, Inc. (the “Company”), effective immediately.
On October 20, 2021, the Board of Directors of the Company appointed Pam Randhawa as a director of the Company, effective November 1, 2021.
On September 23, 2021, Hercules Capital, Inc. (together with its subsidiaries, the “Company”) and Melanie Grace mutually agreed that Ms. Grace would separate from the Company and end her tenure as General Counsel, Secretary, and Chief Compliance Officer effective September 24, 2021.
On July 12, 2021, Carol L. Foster notified the Chairman of the Board of Directors of Hercules Capital, Inc. (the “Company”) of her decision to resign, effective immediately, from her position as a member of the Board.
Max materiality 0.85 · Median 0.65 · Most common event earnings