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Sep 30, 2023
Hercules Capital Q3 2023 Earnings Report
Reported record total investment income and net investment income for the third quarter, driven by a higher weighted average debt investment portfolio and increased core yields.
Key Takeaways
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.
Record total investment income of $116.7 million, up 38.6% year-over-year.
Record NII of $76.8 million, or $0.52 per share, up 53.6% year-over-year.
Total gross debt and equity commitments of $692.7 million.
Available liquidity of $598.0 million.
Forward Guidance
Hercules Capital will continue to closely monitor its portfolio and maintain a conservative posture given the overall environment. The company expects an improving investing environment over the next several quarters.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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