NASDAQ$CCAP

Crescent Capital BDC Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported net investment income and adjusted net investment income for the quarter ended March 31, 2022.

Crescent Capital BDC reported a net investment income of $12.1 million, or $0.39 per share, and an adjusted net investment income of $12.9 million, or $0.42 per share, for the quarter ended March 31, 2022. The net asset value per share was $21.18 as of March 31, 2022. The company declared a regular cash dividend of $0.41 per share for the second quarter of 2022.

  • Net investment income was $12.1 million, or $0.39 per share.
  • Adjusted net investment income was $12.9 million, or $0.42 per share.
  • Net asset value per share was $21.18 as of March 31, 2022.
  • Declared a regular cash dividend of $0.41 per share for the second quarter of 2022.

Headline financials

Total Revenue

$26.4M

Previous: $20.6M+28.2%
EPS (adj)

$0.42

Previous: $0.46-8.7%
Weighted Average Yield

7.5%

No prior period
Floating Rate Debt %

98.8%

Previous: 98.4%+0.4%
Debt to Equity Ratio

0.97

Previous: 0.86+12.8%
Net Income

$12.1M

Previous: $11.4M+6.1%
Operating Income

-$14.1M

No prior period
Cash & Equivalents

$18.2M

Previous: $2.26M+704.6%
Total Assets

$1.32B

Previous: $1.08B+22.4%

Revenue & EPS history

Crescent Capital BDC · Revenue · Quarterly

$26.4M

Q1 2022+28.2%vs Q1 2021
Beat estimate in 7 of 11 quarters(64%)
ActualEstimate

Revenue by segment

Crescent Capital BDC · $1.56B total across 7 segments · Q3 2023

  • Unitranche First Lien
    $939M
  • Senior Secured First Lien
    $445M
  • Senior Secured Second Lien
    $57.6M
  • LLC/LP Equity Interests
    $54.2M
  • Equity & Other
    $49M
  • Unitranche First Lien Last Out
    $13.8M
  • Unsecured Debt
    $6.3M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+0.4%

Avg return

Earnings day

+0.4%

Avg return

5 days after

+0.4%

Avg return

30 days after

57%

13 / 23 earnings

Positive

+5.4%

Q4 2022

Best reaction

-4.7%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.1%-16.1%-14.9%
Q4 2025-0.5%+1.1%-7.2%
Q3 2025-4.5%-6.3%+5.1%
Q1 2025-4.5%-5.2%-11.2%
Q4 2024-4.7%-8.6%-11.8%
Q3 2024+3.1%+4.2%+9.3%
Q2 2024-0.2%+2.0%+1.5%
Q1 2024+2.5%+2.5%+7.3%
Q4 2023+3.5%+2.6%+7.4%
Q3 2023-0.2%+1.2%+1.6%
Q2 2023+0.1%+2.4%-0.2%
Q1 2023+0.5%+1.6%+4.1%
Q4 2022+5.4%+7.3%-5.8%
Q3 2022-0.5%-2.9%-5.4%
Q2 2022+1.8%+6.4%+4.9%
Q1 2022-4.0%-3.8%-2.7%
Q4 2021-2.5%-0.9%+1.5%
Q3 2021+2.8%+2.7%-6.4%
Q2 2021+1.3%+0.5%-0.1%
Q1 2021+0.6%+7.6%+5.4%
Q4 2020+0.9%+5.6%+8.6%
Q3 2020+5.2%+1.3%+10.4%
Q2 2020+3.6%+3.2%+7.2%
Q4 2019
Q2 2018
Q1 2018
Q4 2017
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016
Q3 2015
Q2 2015

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