Mar 31, 2022

Main Street Capital Q1 2022 Earnings Report

Main Street Capital reported strong first quarter results with net investment income per share and distributable net investment income per share matching quarterly records. The company's performance was driven by strong underlying portfolio companies and successful lower middle market and private loan investments.

Key Takeaways

Main Street Capital Corporation announced its financial results for the first quarter of 2022, featuring net investment income of $0.73 per share, distributable net investment income of $0.77 per share, and a net asset value of $25.89 per share. The company highlighted a record net asset value per share and the approval of another supplemental dividend.

Net investment income was $52.2 million, or $0.73 per share.

Distributable net investment income was $55.0 million, or $0.77 per share.

Net asset value was $25.89 per share as of March 31, 2022.

The company declared monthly dividends totaling $0.645 per share for the second quarter of 2022.

Total Revenue
$79.4M
Previous year: $62.8M
+26.4%
EPS
$0.77
Previous year: $0.58
+32.8%
Net Asset Value per Share
$14.2
Previous year: $0.013
+109130.8%
Middle Market Fair Value
$397M
Previous year: $418M
-5.0%
Middle Market Portfolio Count
36
Previous year: 40
-10.0%
Cash and Equivalents
$18M
Previous year: $65M
-72.4%
Total Assets
$3.78B
Previous year: $2.91B
+29.8%

Main Street Capital

Main Street Capital

Main Street Capital Revenue by Segment

Forward Guidance

Main Street is confident in its ability to deliver superior results for shareholders, driven by its lower middle market strategy, private loan platform, and asset management business.