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Jun 30
Crescent Capital BDC Q2 2025 Earnings Report
Crescent Capital BDC reported its second quarter 2025 earnings, with net investment income of $0.46 per share and net income of $0.41 per share.
Key Takeaways
Crescent Capital BDC reported a slight increase in investment income for Q2 2025, reaching $43.0 million, up from $42.1 million in the previous quarter. Net investment income was $16.9 million, translating to $0.46 per share, while net income stood at $15.0 million, or $0.41 per share. The company maintained a strong portfolio with 97.2% of debt investments at floating rates and declared a third-quarter base dividend of $0.42 per share.
Net investment income per share was $0.46, and net income per share was $0.41 for the quarter ended June 30, 2025.
Total investment income increased to $43.0 million for Q2 2025, up from $42.1 million in Q1 2025.
The company's portfolio had a fair value of $1,600.7 million across 187 portfolio companies as of June 30, 2025.
A third-quarter 2025 regular cash dividend of $0.42 per share was declared, along with a final special dividend of $0.05 per share.
Crescent Capital BDC
Crescent Capital BDC
Crescent Capital BDC Revenue by Segment
Revenue by Segment
Senior Secured First Lien Revenue
CapyFin.comUnitranche First Lien Revenue
CapyFin.comUnitranche First Lien - Last Out Revenue
CapyFin.comSenior Secured Second Lien Revenue
CapyFin.comUnsecured Debt Revenue
CapyFin.comEquity & Other Revenue
CapyFin.comLLC/LP Equity Interests Revenue
CapyFin.com Forward Guidance
The earnings report primarily focuses on past performance and does not provide explicit forward-looking financial guidance for specific metrics. However, it outlines the company's strategic initiatives and general outlook.
Positive Outlook
- The Board authorized a stock repurchase program of up to $20.0 million, indicating confidence in the company's valuation.
- The company continues to provide capital solutions to middle market companies with sound business fundamentals and strong growth prospects.
- Crescent BDC utilizes the extensive experience, origination capabilities, and disciplined investment process of Crescent Capital Group.
- The company maintains a strong portfolio with a high percentage of floating-rate debt investments, which can benefit from rising interest rates.
- The declaration of a regular cash dividend signals a commitment to returning value to stockholders.
Challenges Ahead
- Forward-looking statements are subject to numerous assumptions, risks, and uncertainties, which may change over time.
- Actual results could differ materially from anticipated outcomes due to various factors.
- Potential conflicts of interest in the allocation of opportunities between Crescent BDC and other investment funds managed by its investment adviser or affiliates.
- Changes and volatility in political, economic, or industry conditions, interest rates, foreign exchange rates, or financial and capital markets could negatively impact results.
- Increased geopolitical unrest, terrorist attacks, or acts of war may adversely affect the general economy and financial markets.