NASDAQ$CCAP

Crescent Capital BDC Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Reported financial results for the quarter ended December 31, 2021.

Crescent Capital BDC reported net investment income of $12.5 million, or $0.42 per share, and Adjusted Net Investment Income of $12.7 million, or $0.43 per share, for the quarter ended December 31, 2021. The company's net asset value per share was $21.12 at the end of the quarter.

  • Net investment income for Q4 2021 was $12.5 million, or $0.42 per share.
  • Adjusted Net Investment Income for Q4 2021 was $12.7 million, or $0.43 per share.
  • Net asset value per share was $21.12 as of December 31, 2021.
  • Invested $279.7 million across 17 new and 14 existing portfolio companies during Q4 2021.

Headline financials

Total Revenue

$24.1M

Previous: $20.3M+19.0%
EPS (adj)

$0.43

Previous: $0.47-8.5%
Debt to Equity Ratio

0.98

Previous: 0.85+15.3%
Net Income

$12.5M

Previous: $13.2M-5.3%
Operating Income

-$10.8M

Previous: -$26.7M+59.5%
Cash & Equivalents

$23.5M

Previous: $14.8M+58.8%
Total Assets

$1.32B

Previous: $1.05B+25.0%

Revenue & EPS history

Crescent Capital BDC · Revenue · Quarterly

$24.1M

Q4 2021+19%vs Q4 2020
Beat estimate in 6 of 10 quarters(60%)
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 will host a webcast/conference call on February 24, 2022, to discuss its financial results for the fourth quarter and year ended December 31, 2021.

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 Q4 2021

Historical avgQ4 2021

+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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