Loading...
•
Sep 30, 2024
Hercules Capital Q3 2024 Earnings Report
Reported record total investment income and strong NII, driven by disciplined scaling and strategic growth.
Key Takeaways
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.
Record Total Investment Income of $125.2 million, an increase of 7.3% year-over-year.
Net Investment Income (NII) of $83.2 million, or $0.51 per share, an increase of 8.3% year-over-year.
Total gross debt and equity commitments of $430.7 million.
Total gross fundings of $272.0 million.
Forward Guidance
Hercules has pending commitments of $630.0 million in signed non-binding term sheets outstanding as of October 25, 2024. Since the close of Q3 2024 and as of October 25, 2024 Hercules has closed new gross debt and equity commitments (before assignments to or direct originations by the Adviser Funds) of $17.0 million and funded $15.2 million.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...