Trinity Capital Q4 2023 Earnings Report
Key Takeaways
Trinity Capital Inc. announced its Q4 2023 financial results, featuring record total investment income of $47.8 million and net investment income of $25.1 million. The company's investment portfolio had a fair value of approximately $1.3 billion, with total assets under management reaching $1.5 billion. The board declared a regular and supplemental dividend totaling $0.50 per share.
Record total investment income of $47.8 million, a 15.2% year-over-year increase.
Record net investment income of $25.1 million, or $0.57 per basic share, a 15.9% year-over-year increase.
Net Asset Value increased to $13.19 per share, up from $13.17 at the end of Q3.
Record total gross investments funded of $267.4 million.
Trinity Capital
Trinity Capital
Forward Guidance
Management expects off-balance sheet growth strategies to contribute to growth in 2024 and remains committed to stringent underwriting and rigorous portfolio management.