NASDAQ$CCAP

Crescent Capital BDC Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Reported financial results for the quarter and year ended December 31, 2023.

Crescent Capital BDC reported a net investment income of $0.61 per share and a net income of $0.83 per share for the quarter ended December 31, 2023. The net asset value (NAV) per share was $20.04 at the end of the quarter.

  • Net investment income per share was $0.61 for Q4 2023.
  • Net income per share was $0.83 for Q4 2023.
  • NAV per share was $20.04 as of December 31, 2023.
  • The company invested $88.5 million across ten new portfolio companies and follow-on fundings during the quarter.

Headline financials

Total Revenue

$44.7M

Previous: $34.6M+29.2%
EPS (adj)

$0.61

Previous: $0.49+24.5%
Weighted Average Yield

12.3%

Previous: 10.8%+13.9%
Floating Rate Debt %

98.7%

Previous: 98.8%-0.1%
Capital Expenditures

$0.00

No prior period
Net Income

$30.9M

Previous: $16.1M+91.9%
Operating Income

-$26.8M

Previous: $59.7M-144.9%

Revenue & EPS history

Crescent Capital BDC · Revenue · Quarterly

$44.7M

Q4 2023+29.2%vs Q4 2022
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 future financial or business performance, strategies or expectations may be impacted by various factors.

Tailwinds

  • Potential investment opportunities.
  • Contractual arrangements and relationships with third parties.
  • Expected financings and investments.
  • Ability of investment adviser to locate suitable investments.
  • Ability of investment adviser to attract and retain talented professionals.

Headwinds

  • Future operating results.
  • Business prospects of portfolio companies.
  • Impact of investments.
  • Dependence on the general economy.
  • Financial condition of portfolio companies.

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 2023

Historical avgQ4 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

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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