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Mar 31, 2023
Trinity Capital Q1 2023 Earnings Report
Reported strong first quarter results driven by record NII and strategic investments.
Key Takeaways
Trinity Capital Inc. reported a strong first quarter with total investment income of $41.5 million, a 30.5% increase year-over-year, and net investment income of $19.3 million, or $0.55 per basic share. The company funded $70.4 million in gross investments and saw debt principal repayments of $82.8 million.
Total investment income increased by 30.5% year-over-year to $41.5 million.
Net investment income was $19.3 million, or $0.55 per basic share, a 23.7% increase year-over-year.
Total gross investments funded amounted to $70.4 million.
The company declared a dividend distribution of $0.47 per share for the first quarter of 2023.
Revenue by Segment
Forward Guidance
Trinity is positioned to capitalize on investment opportunities in a dynamic market, especially given recent volatility in the banking industry.
Positive Outlook
- Trinity's platform is positioned to capitalize on investment opportunities.
- Businesses are looking for more stable, non-bank solutions for their financing needs.
- Core priorities of portfolio management and credit quality remain firmly rooted.
- Constant oversight and communication with portfolio companies is maintained.
- Trinity continues to realize its vision as an emerging leader.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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