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Jun 30, 2022

Crescent Capital BDC Q2 2022 Earnings Report

Crescent Capital BDC reported second quarter financial results and declared a third quarter regular dividend.

Key Takeaways

Crescent Capital BDC reported a net investment income of $15.5 million, or $0.50 per share, and an adjusted net investment income of $12.7 million, or $0.41 per share, for the quarter ended June 30, 2022. The company's net asset value per share was $20.69 at the end of the quarter.

Net investment income was $15.5 million, or $0.50 per share.

Adjusted net investment income was $12.7 million, or $0.41 per share.

Net asset value per share was $20.69.

A third quarter regular dividend of $0.41 per share was declared.

Total Revenue
$26.8M
Previous year: $23.8M
+12.5%
EPS
$0.41
Previous year: $0.53
-22.6%
Yield on Income Securities
8.3%
Floating Rate Debt %
98.7%
Previous year: 99.6%
-0.9%
Cash and Equivalents
$18.9M
Previous year: $25.8M
-26.7%
Total Assets
$1.32B
Previous year: $1.13B
+17.2%

Crescent Capital BDC

Crescent Capital BDC

Forward Guidance

This press release contains forward-looking statements regarding Crescent BDC's future financial or business performance, strategies, or expectations, which are subject to numerous assumptions, risks, and uncertainties.

Challenges Ahead

  • Future operating results are subject to change.
  • Business prospects and the prospects of portfolio companies are uncertain.
  • The impact of investments that are expected to be made is unknown.
  • Contractual arrangements and relationships with third parties may change.
  • Dependence on the general economy and its impact on the industries in which the company invests is a risk.