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Dec 31, 2024
Trinity Capital Q4 2024 Earnings Report
Trinity Capital reported record quarterly net investment income and strong growth in total investment income for the fourth quarter of 2024.
Key Takeaways
Trinity Capital Inc. announced strong financial results for the fourth quarter of 2024, with total investment income increasing by 48.1% year-over-year and net investment income reaching a record $34.6 million. The company also reported a significant increase in net assets and a healthy return on average equity.
Total investment income for Q4 2024 was $70.8 million, a 48.1% increase year-over-year.
Net investment income reached a record $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.
Return on Average Equity (ROAE) hit 17.4% in Q4.
Trinity Capital
Trinity Capital
Trinity Capital Revenue by Segment
Revenue by Segment
Control Investments Revenue
CapyFin.comAffiliate Investments Revenue
CapyFin.comNon-Control / Non-Affiliate Investments Revenue
CapyFin.comFee & Other Income: Affiliate Revenue
CapyFin.comFee & Other Income: Non-Control / Non-Affiliate Revenue
CapyFin.com Forward Guidance
Trinity Capital is well-positioned for continued growth and long-term value creation in 2025, supported by its strategic initiatives and disciplined management.
Positive Outlook
- Continued expansion of distinct business verticals.
- Strong originations and disciplined credit and portfolio management.
- Unique capitalization structure enabling continued earnings growth.
- Consistent dividend returns for twenty consecutive quarters.
- Well-positioned to create long-term value for shareholders.
Challenges Ahead
- Yields may fluctuate quarter-to-quarter depending on the amount of prepayment activity.
- Overall grading may fluctuate quarter-to-quarter based on liquidity and performance.
- Potential for unrealized depreciation from debt investments.
- Impact of increased interest expense due to higher weighted average debt outstanding.
- General economic conditions could impact portfolio company performance.