Loading...
•
Dec 31, 2022
Hercules Capital Q4 2022 Earnings Report
Hercules Capital reported record performance across financial metrics, driven by portfolio growth and increased core yields.
Key Takeaways
Hercules Capital reported record total investment income of $100.2 million and net investment income of $62.1 million, or $0.47 per share, for Q4 2022. The company's performance was driven by portfolio growth and increased core yields. Total gross debt and equity commitments were $645.0 million, and total gross fundings were $367.2 million.
Record Net Investment Income of $62.1 million, or $0.47 per share, an increase of 54.0% year-over-year.
Record Total Investment Income of $100.2 million, an increase of 38.3% year-over-year.
Q4 total gross debt and equity commitments of $645.0 million.
Available liquidity of $606.8 million, subject to existing terms and covenants.
Hercules Capital
Hercules Capital
Forward Guidance
Hercules Capital did not provide specific financial guidance for future periods in the provided document. However, they expressed optimism about their ability to maintain their position as a leading capital provider.
Positive Outlook
- Company will continue to focus its efforts on maximizing total shareholder returns
- Company will continue to focus on expanding platform capabilities for the benefit of current and prospective portfolio companies.
- Company enters 2023 in a strong position
- Company remains optimistic about its ability to maintain its preeminent position as the leading provider of capital in its asset class
- Announced a new supplemental cash distribution for 2023 of $0.32 per Share, Payable over Four Quarters