NASDAQ$CCAP

Crescent Capital BDC Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Crescent Capital BDC reported second quarter financial results and declared a third quarter regular dividend.

Crescent Capital BDC reported a net investment income of $15.5 million, or $0.50 per share, and an adjusted net investment income of $12.7 million, or $0.41 per share, for the quarter ended June 30, 2022. The company's net asset value per share was $20.69 at the end of the quarter.

  • Net investment income was $15.5 million, or $0.50 per share.
  • Adjusted net investment income was $12.7 million, or $0.41 per share.
  • Net asset value per share was $20.69.
  • A third quarter regular dividend of $0.41 per share was declared.

Headline financials

Total Revenue

$26.8M

Previous: $23.8M+12.5%
EPS (adj)

$0.41

Previous: $0.53-22.6%
Weighted Average Yield

8.3%

No prior period
Floating Rate Debt %

98.7%

Previous: 99.6%-0.9%
Net Income

$15.5M

Previous: $11M+41.5%
Operating Income

-$11M

No prior period
Cash & Equivalents

$18.9M

Previous: $25.8M-26.7%
Total Assets

$1.32B

Previous: $1.13B+17.2%

Revenue & EPS history

Crescent Capital BDC · Revenue · Quarterly

$26.8M

Q2 2022+12.5%vs Q2 2021
Beat estimate in 2 of 15 quarters(13%)
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—

Forward guidance

This press release contains forward-looking statements regarding Crescent BDC's future financial or business performance, strategies, or expectations, which are subject to numerous assumptions, risks, and uncertainties.

Headwinds

  • Future operating results are subject to change.
  • Business prospects and the prospects of portfolio companies are uncertain.
  • The impact of investments that are expected to be made is unknown.
  • Contractual arrangements and relationships with third parties may change.
  • Dependence on the general economy and its impact on the industries in which the company invests is a risk.

Historical earnings impact

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

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 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
Q2 2025———
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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