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Dec 31, 2024
Crescent Capital BDC Q4 2024 Earnings Report
Crescent Capital BDC reported a decrease in investment income and net income per share for the fourth quarter of 2024 compared to the previous quarter, while net investment income and net income per share for the full year 2024 increased compared to 2023.
Key Takeaways
Crescent Capital BDC, Inc. reported net investment income of $20.5 million and net income of $10.0 million for the fourth quarter of 2024. For the full year 2024, net investment income was $89.033 million and net income was $73.649 million. The company declared a first quarter 2025 regular cash dividend of $0.42 per share and a series of special cash dividends totaling $0.15 per share.
Net investment income for Q4 2024 was $20.5 million, a decrease from $23.5 million in Q3 2024.
Net income for Q4 2024 was $10.0 million, down from $15.3 million in Q3 2024.
For the full year 2024, net investment income increased to $89.033 million from $82.541 million in 2023.
The company declared a Q1 2025 regular cash dividend of $0.42 per share and special dividends of $0.15 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 company did not provide specific forward-looking financial guidance in this report. However, it did announce future dividend payments.
Positive Outlook
- Declaration of a first quarter 2025 regular cash dividend of $0.42 per share.
- Declaration of a series of special cash dividends totaling $0.15 per share, to be paid in three equal quarterly installments.
- Continued focus on providing capital solutions to middle market companies with sound business fundamentals and strong growth prospects.
- Leveraging extensive experience, origination capabilities, and disciplined investment process.
- Maintaining a strong asset base with total assets of $1.656 billion.
Challenges Ahead
- No specific negative forward guidance was provided in the report.
- Potential for changes in economic or industry conditions to impact future performance.
- Competition in the investment landscape could affect the ability to locate suitable investments.
- Uncertainty regarding geopolitical unrest, terrorist attacks, or acts of war.
- Potential impact of changes to tax legislation and the interest rate environment.