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Dec 31, 2021
Hercules Capital Q4 2021 Earnings Report
Hercules Capital reported financial results for the fourth quarter and full year 2021, achieving record annual total gross debt and equity commitments and fundings.
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.
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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