Hercules Capital Reports Third Quarter 2024 Financial Results
Hercules Capital (NYSE: HTGC) reported strong financial results for Q3 2024, achieving record total investment income of $125.2 million, up 7.3% year-over-year. The company's net investment income (NII) reached $83.2 million, or $0.51 per share, representing an 8.3% increase year-over-year and providing 128% coverage of base cash distribution. Total gross debt and equity commitments were $430.7 million, with gross fundings of $272.0 million. The company maintained conservative balance sheet management with net GAAP leverage of 92.5% and net regulatory leverage of 83.0%. Assets under management grew 10.9% year-over-year to approximately $4.6 billion.
Hercules Capital (NYSE: HTGC) ha riportato risultati finanziari solidi per il terzo trimestre del 2024, registrando un reddito totale da investimenti record di 125,2 milioni di dollari, in aumento del 7,3% rispetto all'anno precedente. Il reddito netto da investimenti (NII) della società ha raggiunto i 83,2 milioni di dollari, ovvero 0,51 dollari per azione, con un incremento dell'8,3% anno su anno e garantendo una copertura del 128% della distribuzione di cassa di base. I compromessi totali di debito e capitale erano di 430,7 milioni di dollari, con finanziamenti lordi di 272,0 milioni di dollari. L'azienda ha mantenuto una gestione conservativa del bilancio con un leverage netto GAAP del 92,5% e un leverage normativo netto dell'83,0%. Gli attivi in gestione sono cresciuti del 10,9% rispetto all'anno precedente, per un totale di circa 4,6 miliardi di dollari.
Hercules Capital (NYSE: HTGC) informó resultados financieros sólidos para el tercer trimestre de 2024, logrando un ingreso total de inversión récord de 125,2 millones de dólares, un aumento del 7,3% en comparación con el año anterior. El ingreso neto por inversiones (NII) de la empresa alcanzó los 83,2 millones de dólares, o 0,51 dólares por acción, lo que representa un incremento del 8,3% interanual y proporciona una cobertura del 128% de la distribución de caja base. Los compromisos totales de deuda y capital fueron de 430,7 millones de dólares, con financiamientos brutos de 272,0 millones de dólares. La empresa mantuvo una gestión conservadora del balance con un apalancamiento GAAP neto del 92,5% y un apalancamiento regulatorio neto del 83,0%. Los activos bajo gestión crecieron un 10,9% interanual, alcanzando aproximadamente 4,6 mil millones de dólares.
헐클레스 캐피탈 (NYSE: HTGC)는 2024년 3분기 동안 강력한 재무 실적을 발표하였으며, 총 투자 수익이 1억 2,520만 달러로 기록성을 달성하였으며, 이는 전년 대비 7.3% 증가한 수치입니다. 회사의 순투자 수익(NII)은 8,320만 달러에 달했으며, 이는 주당 0.51달러에 해당하며, 전년 대비 8.3% 증가하였고 기본 현금 배당금의 128%를 커버하고 있습니다. 총 부채 및 자본 약정은 4억 3,070만 달러였으며, 총 자금조달 금액은 2억 7,200만 달러입니다. 회사는 순 GAAP 레버리지가 92.5%이고 순 규제 레버리지가 83.0%인 보수적인 재무 관리를 유지했습니다. 관리 자산은 전년 대비 10.9% 증가하여 약 46억 달러에 달했습니다.
Hercules Capital (NYSE: HTGC) a annoncé des résultats financiers solides pour le troisième trimestre de 2024, atteignant un revenu total d'investissement record de 125,2 millions de dollars, soit une augmentation de 7,3% par rapport à l'année précédente. Le revenu net d'investissement (NII) de l'entreprise a atteint 83,2 millions de dollars, soit 0,51 dollar par action, représentant une augmentation de 8,3% d'une année sur l'autre et offrant une couverture de 128% de la distribution de liquidités de base. Les engagements totaux en termes de dette et d'équité s'élevaient à 430,7 millions de dollars, avec des financements bruts de 272,0 millions de dollars. L'entreprise a maintenu une gestion prudente de son bilan avec un effet de levier net GAAP de 92,5% et un effet de levier réglementaire net de 83,0%. Les actifs sous gestion ont augmenté de 10,9% d'une année sur l'autre pour atteindre environ 4,6 milliards de dollars.
Hercules Capital (NYSE: HTGC) hat im dritten Quartal 2024 starke Finanzergebnisse vermeldet und ein Rekord-Investitionseinkommen von 125,2 Millionen Dollar erzielt, was einem Anstieg von 7,3% im Vergleich zum Vorjahr entspricht. Das Netto-Investitionseinkommen (NII) des Unternehmens erreichte 83,2 Millionen Dollar, oder 0,51 Dollar pro Aktie, was einem Anstieg von 8,3% im Jahresvergleich entspricht und 128% Abdeckung der Basis-Barverteilung bietet. Die gesamten Bruttoverpflichtungen von Fremdkapital und Eigenkapital betrugen 430,7 Millionen Dollar, mit brutto Finanzierungen von 272,0 Millionen Dollar. Das Unternehmen hielt eine konservative Bilanzverwaltung mit einem Netto-GAAP-Leverage von 92,5% und einem Netto-regulatorischen Leverage von 83,0%. Die verwalteten Vermögen stiegen im Jahresvergleich um 10,9% auf etwa 4,6 Milliarden Dollar.
- Record total investment income of $125.2M, up 7.3% YoY
- Net investment income increased 8.3% YoY to $83.2M
- 128% coverage of base cash distribution
- Assets under management grew 10.9% YoY to $4.6B
- Substantial undistributed earnings spillover of $152.1M
- None.
Insights
Hercules Capital delivered a strong Q3 2024 performance with several notable achievements. Total Investment Income reached a record
The conservative balance sheet management is evident with net GAAP leverage at
Record Q3 2024 Total Investment Income of
Q3 2024 Net Investment Income “NII” of
Q3 2024 NII Provides
Q3 2024 Total Gross Debt and Equity Commitments of
Q3 2024 Total Gross Fundings of
Conservative Balance Sheet Management with Net GAAP Leverage of
Undistributed Earnings Spillover of
Approximately
Footnotes:
(1)
(2) Assets under management includes assets managed by Hercules and the Adviser Subsidiary
Conference Call
Hercules has scheduled its third quarter 2024 financial results conference call for October 30, 2024 at 2:00 p.m. PT (5:00 p.m. ET). To participate via telephone, please register here. Upon registration, all telephone participants will receive the dial-in number along with a unique PIN number that can be used to access the call. While not required, it is recommended you join 10 minutes prior to the event start. A live webcast of the third quarter 2024 financial results conference call will also be available on the investor relations section of the Company’s website at investor.htgc.com. An archived webcast replay will be available on the Company's website for at least 30 days following the conference call.
About Hercules Capital, Inc.
Hercules Capital, Inc. (NYSE: HTGC) is the leading and largest specialty finance company focused on providing senior secured venture growth loans to high-growth, innovative venture capital-backed companies in a broad variety of technology and life sciences industries. Since inception (December 2003), Hercules has committed more than
Hercules, through its wholly owned subsidiary business, Hercules Adviser LLC (the “Adviser Subsidiary”), also maintains an asset management business through which it manages investments for external parties (“Adviser Funds”). The Adviser Subsidiary is registered as an investment adviser under the Investment Advisers Act of 1940.
Hercules’ common stock trades on the New York Stock Exchange (NYSE) under the ticker symbol “HTGC.” In addition, Hercules has one retail bond issuance of
Forward-Looking Statements
This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. We may use words such as “anticipates,” “believes,” “expects,” “intends,” “will,” “should,” “may” and similar expressions to identify forward-looking statements. Forward-looking statements are not guarantees of future performance and should not be relied upon in making any investment decision. Such statements are based on currently available operating, financial and competitive information and are subject to various risks and uncertainties that could cause actual results to differ materially from our historical experience and our present expectations. While we cannot identify all such risks and uncertainties, we urge you to read the risks discussed in our Annual Report on Form 10-K and other materials that we publicly file with the Securities and Exchange Commission. Any forward-looking statements made in this press release are made only as of the date hereof. Hercules assumes no obligation to update any such statements in the future.
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Michael Hara
Investor Relations and Corporate Communications
Hercules Capital, Inc.
650-433-5578
mhara@htgc.com
Source: Hercules Capital, Inc.
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