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Dec 31, 2024
Trinity Capital Q4 2024 Earnings Report
Expected Revenue:$64.1M
+38.2% YoY
Expected EPS:$0.53
1.9% YoY
Key Takeaways
Trinity Capital Inc. announced strong financial results for Q4 2024, featuring a 48.1% year-over-year increase in total investment income, record net investment income of $34.6 million, and a 17.4% return on average equity.
Total investment income increased by 48.1% year-over-year, reaching $70.8 million.
Net investment income was $34.6 million, or $0.58 per basic share.
Net increase in net assets resulting from operations was $45.9 million, or $0.77 per basic share.
The company had $496.6 million in available liquidity, including $9.6 million in unrestricted cash and cash equivalents.
Trinity Capital
Trinity Capital
Forward Guidance
Trinity Capital believes they are well-positioned to create long-term value for shareholders as they continue into 2025.
Positive Outlook
- Strong originations and disciplined credit and portfolio management.
- Distinct business verticals continue to expand.
- Unique capitalization structure allows the company to continue to drive earnings.
- The company's structure also positions it for long-term expansion.
- The company delivered twenty consecutive quarters of consistent dividend returns.
Challenges Ahead
- The press release includes forward-looking statements which are subject to risks and uncertainties.
- Actual results may differ materially from those in the forward-looking statements as a result of a number of factors.
- Liquidity and performance to plan are key factors that affect the grading scale.
- A company may be downgraded as it approaches the need for additional capital or if it is underperforming relative to its business plans.
- The overall grading may fluctuate quarter-to-quarter.