Hercules Capital Earnings Reports

Hercules Capital achieved a 7.2% YoY increase in net investment income for Q4 2024, reaching $81.1M. The company maintained disciplined balance sheet management, with total gross fundings of $468.5M and total gross debt and equity commitments of $619.5M.

Hercules Capital reported a strong Q3 2024 with record total investment income of $125.2 million, a 7.3% increase year-over-year, and net investment income (NII) of $83.2 million, or $0.51 per share, an 8.3% increase year-over-year. The company's NII provided 128% coverage of the base cash distribution, and total gross debt and equity commitments reached $430.7 million.

Hercules Capital reported a strong Q2 2024, marked by record total gross fundings of $461.5 million and total investment income of $125.0 million. Net Investment Income (NII) stood at $82.4 million, or $0.51 per share, with a conservative balance sheet management reflected in net GAAP leverage of 93.3% and net regulatory leverage of 83.9%.

Hercules Capital reported a strong start to 2024 with record Q1 commitments of $956.0 million and fundings of $605.2 million. Net investment income was $79.2 million, or $0.50 per share, providing 125% coverage of the base distribution. The company's net debt portfolio grew by $325.3 million, and undistributed earnings spillover increased to $142.7 million.

Hercules Capital reported record financial performance for Q4 2023, with significant increases in total investment income and net investment income. The company also announced a new supplemental cash distribution for 2024.

Hercules Capital reported a strong Q3 2023 with record total investment income of $116.7 million, a 38.6% increase year-over-year, and net investment income (NII) of $76.8 million, or $0.52 per share, a 53.6% increase year-over-year. The company's net debt investment portfolio increased by $194.6 million during the quarter. Available liquidity stood at $598.0 million. The company remains selective on new underwritings.

Hercules Capital reported record Q2 2023 total investment income of $116.2 million, a 61.2% increase year-over-year, and record net investment income (NII) of $75.7 million, or $0.53 per share, an 88.6% increase year-over-year. The company's board approved an increase in the quarterly base distribution to $0.40 per share, along with a supplemental distribution of $0.08 per share.

Hercules Capital reported record Q1 2023 results, including total gross fundings of $476.2 million and total investment income of $105.1 million. Net investment income (NII) reached $65.5 million, or $0.48 per share, representing an 83.0% year-over-year increase. The company had approximately $1.0 billion of available liquidity at quarter end.

Hercules Capital reported record total investment income of $100.2 million and net investment income of $62.1 million, or $0.47 per share, for Q4 2022. The company's performance was driven by portfolio growth and increased core yields. Total gross debt and equity commitments were $645.0 million, and total gross fundings were $367.2 million.

Hercules Capital reported a record total investment income of $84.2 million, a 20.0% increase year-over-year. The company's net investment income (NII) was $50.0 million, or $0.39 per share. Total gross debt and equity commitments reached $817.2 million, and total gross fundings amounted to $307.1 million.

Hercules Capital reported a strong Q2 2022, marked by record gross debt and equity commitments of $1.04 billion and total investment income increasing to $72.1 million. The company increased its quarterly base distribution to $0.35 per share and maintained a strong balance sheet through various capital market transactions.

Hercules Capital reported a strong start to 2022 with record net debt investment portfolio growth of $190.7 million, driven by record Q1 gross new debt and equity commitments of $615.2 million. The company's NII was $35.8 million, or $0.30 per share. They ended the quarter with $430.3 million in available liquidity.

Hercules Capital reported a record fourth quarter with total gross debt and equity commitments of $947.8 million and total gross fundings of $503.3 million. Net investment income for the quarter was $40.4 million, or $0.35 per share. The company also declared a new supplemental distribution of $0.60 per share, payable equally over four quarters.

Hercules Capital reported a net investment income of $38.1 million, or $0.33 per share, and total investment income of $70.2 million. The company achieved record total gross new debt and equity commitments of $719.6 million and record total gross fundings of $431.1 million.

Hercules Capital reported strong Q2 2021 results, with net investment income of $37.0 million, total investment income of $69.6 million, and new debt and equity commitments totaling $440.8 million. The company's NAV per share increased to $11.71, and it maintained a strong liquidity position of $610.0 million.

Hercules Capital reported a strong start to 2021 with record levels of new commitments and fundings. The company closed nearly $531 million in new debt and equity commitments and established a supplemental distribution program for fiscal year 2021 of $0.28.

Hercules Capital reported strong Q4 2020 results, with net asset value per share increasing 9.7% to $11.26, and net investment income providing 116% coverage of the base distribution payout. The company closed over $1.0 billion in new debt and equity commitments for the third consecutive year and delivered record total investment income and net investment income.

Hercules Capital announced strong Q3 2020 results, featuring record debt and equity commitments of $514.3 million and total fundings of $265.5 million. NII provided 106% coverage of the base distribution payout, and the company declared a $0.02 supplemental distribution. Available liquidity remained strong at $465.1 million.

Hercules Capital announced its Q2 2020 financial results, reporting a record available liquidity of $510.9 million and total debt investments of $2.28 billion at cost. The company originated new debt and equity commitments of $266.2 million and net investment income of $35.7 million, or $0.32 per share, fully covered the base distribution payout.

Hercules Capital reported a record net investment income of $40.6 million, or $0.37 per share, which provides 116% coverage of the base distribution payout. The company's available liquidity was $438.2 million. New debt and equity commitments totaled $256.8 million.

Hercules Capital achieved record financial results for FY 2019, including total new debt and equity commitments, total gross fundings, total investment income, net investment income, total investment assets, and total debt investments. In Q4 2019, the company achieved record net investment income of $40.1 million, or $0.38 per share, and total investment income of $70.6 million.