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Jun 30, 2023
Hercules Capital Q2 2023 Earnings Report
Hercules Capital reported record total investment income and net investment income, driven by a higher weighted average debt investment portfolio and increased core yields.
Key Takeaways
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.
Record Total Investment Income of $116.2 million, an increase of 61.2% year-over-year.
Record NII of $75.7 million, or $0.53 per share, an increase of 88.6% year-over-year.
Total gross debt and equity commitments of $541.5 million.
Available liquidity of $670.7 million.
Forward Guidance
Hercules Capital remains optimistic about its business opportunities and will continue to approach the second half of 2023 with a commitment to prudent underwriting, maintaining a strong and diversified balance sheet and liquidity position, and careful monitoring of its portfolio.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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