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Jun 30, 2023
Bain Capital Specialty Finance Q2 2023 Earnings Report
Announced financial results for the second quarter ended June 30, 2023.
Key Takeaways
Bain Capital Specialty Finance reported a strong second quarter with net investment income increasing 20% quarter-over-quarter, driven by higher interest rates. The company increased its regular quarterly dividend by 10.5% to $0.42 per share.
Net investment income (NII) per share was $0.60, equating to an annualized NII yield on book value of 13.9%.
Net income per share was $0.45, equating to an annualized return on book value of 10.4%.
Net asset value per share as of June 30, 2023 was $17.44, as compared to $17.37 as of March 31, 2023.
Gross and net investment fundings were $197.5 million and $(30.3) million, respectively; Ending net debt-to-equity was 1.13x, as compared to 1.16x as of March 31, 2023.