NASDAQ$CCAP
Crescent Capital BDC Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported net investment income and declared dividends.
Crescent Capital BDC reported net investment income of $21.7 million, or $0.59 per share, for the quarter ended September 30, 2023. The company's net asset value per share was $19.70 at the end of the quarter. A fourth quarter regular dividend of $0.41 per share and a third quarter supplemental dividend of $0.09 per share were declared.
- Net investment income for the quarter was $21.7 million, or $0.59 per share.
- Net asset value per share was $19.70 as of September 30, 2023.
- A fourth quarter regular cash dividend of $0.41 per share was declared.
- A third quarter supplemental cash dividend of $0.09 per share was declared.
Headline financials
Revenue & EPS history
Crescent Capital BDC · Revenue · Quarterly
$21.7M
Revenue by segment
Crescent Capital BDC · $1.56B total across 7 segments · Q3 2023
- Unitranche First Lien$939M—60.0%
- Senior Secured First Lien$445M—28.4%
- Senior Secured Second Lien$57.6M—3.7%
- LLC/LP Equity Interests$54.2M—3.5%
- Equity & Other$49M—3.1%
- Unitranche First Lien Last Out$13.8M—0.9%
- Unsecured Debt$6.3M—0.4%
Forward guidance
The company will host a webcast/conference call on November 9, 2023, to discuss its financial results for the quarter ended September 30, 2023.
Tailwinds
- The company will host a webcast/conference call to discuss the financial results.
- A slide presentation that complements the earnings conference call will be available.
- All interested parties are invited to participate via telephone or the live webcast.
- An archived replay will be available via a webcast link.
- The company seeks to maximize the total return of its stockholders.
Headwinds
- Forward-looking statements are subject to numerous assumptions, risks and uncertainties, which may change over time.
- Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance.
- Increased geopolitical unrest, terrorist attacks or acts of war, which may adversely affect the general economy.
- Changes and volatility in political, economic or industry conditions, the interest rate environment, foreign exchange rates or financial and capital markets.
- The unfavorable resolution of legal proceedings.
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 Q3 2023
+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
| Quarter | Report date | Reaction (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 | — | — | — |
Discussion
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