NASDAQ$CCAP

Crescent Capital BDC Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Reported net investment income and net income for Q2 2024, with net asset value per share increased.

Crescent Capital BDC reported a net investment income of $0.59 per share and a net income of $0.55 per share for the quarter ended June 30, 2024. The net asset value per share increased to $20.30. The company declared a third quarter regular cash dividend of $0.42 per share and a second quarter supplemental cash dividend of $0.09 per share.

  • Net investment income was $0.59 per share.
  • Net income was $0.55 per share.
  • Net asset value per share increased to $20.30.
  • Declared a third quarter regular cash dividend of $0.42 per share and a second quarter supplemental cash dividend of $0.09 per share.

Headline financials

Total Revenue

$21.7M

Previous: $20.6M+5.5%
EPS

$0.59

Previous: $0.56+5.4%
Weighted Average Yield

12.2%

Previous: 11.7%+4.3%
Floating Rate Debt %

96.9%

Previous: 98.6%-1.7%
Capital Expenditures

$0.00

No prior period
Free Cash Flow

$20.4M

Previous: $22.6M-9.7%
Net Income

$20.4M

Previous: $22.6M-9.7%
Operating Income

-$26.8M

Previous: -$25.8M-3.8%
Gross Profit

$21.3M

Previous: $20.2M+5.1%
Cash & Equivalents

$11M

Previous: $7.54M+46.2%
Total Assets

$1.67B

Previous: $1.62B+2.9%

Revenue & EPS history

Crescent Capital BDC · Revenue · Quarterly

$21.7M

Q2 2024+5.5%vs Q2 2023
Beat estimate in 2 of 14 quarters(14%)
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

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

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 Q2 2024

Historical avgQ2 2024

+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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