Hercules Capital Q4 2021 Earnings Report
Key Takeaways
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.
Total gross new debt and equity commitments reached a record of $947.8 million.
Total gross fundings also hit a record of $503.3 million.
Net Investment Income (NII) was $40.4 million, or $0.35 per share.
Available liquidity stood at $627.7 million.
Hercules Capital
Hercules Capital
Forward Guidance
Hercules Capital is well-positioned heading into 2022, with a focus on maximizing liquidity, disciplined underwriting, and expanding platform capabilities. The company announced a new supplemental cash distribution program of $0.60 per share, distributed equally over four quarters.
Positive Outlook
- Maximizing liquidity
- Staying disciplined on new underwritings
- Expanding platform capabilities through new private funds
- Driving down cost of debt capital
- Strengthening and diversifying balance sheet