NASDAQ$GBDC

Golub Capital BDC Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Announced fiscal year 2022 first quarter financial results.

Golub Capital BDC, Inc. reported a net investment income per share of $0.27 and earnings per share of $0.37 for the quarter ended December 31, 2021. The net asset value per share increased to $15.26. A quarterly distribution of $0.30 per share was declared.

  • Net investment income per share was $0.27, with adjusted net investment income per share at $0.31, excluding purchase premium amortization.
  • Net realized and unrealized gain per share was $0.10, with adjusted net realized and unrealized gain per share at $0.06, excluding the reversal of net realized loss and unrealized depreciation.
  • Earnings per share reached $0.37 for the quarter.
  • Net asset value per share increased to $15.26.

Headline financials

Total Revenue

$86.6M

No prior period
EPS (adj)

$0.31

No prior period
NAV per Share

$15.26

No prior period
Net Income

$63.1M

No prior period
Operating Income

$44.8M

No prior period
Cash & Equivalents

$180M

No prior period
Total Assets

$5.48B

No prior period

Revenue & EPS history

Golub Capital BDC · Revenue · Quarterly

$86.6M

Q1 2022
Beat estimate in 3 of 16 quarters(19%)
ActualEstimate

Revenue by segment

Golub Capital BDC · $5.15B total across 4 segments · Q1 2022

  • One Stop
    $4.24B
  • Senior Secured
    $620M
  • Equity
    $247M
  • Junior Debt
    $44.3M

Forward guidance

This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those expressed or implied in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission. Golub Capital BDC, Inc. undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

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 Q1 2022

Historical avgQ1 2022

-0.1%

Avg return

Earnings day

+0.1%

Avg return

5 days after

-2.2%

Avg return

30 days after

42%

8 / 19 earnings

Positive

+2.9%

Q4 2022

Best reaction

-3.8%

Q1 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026-2.0%-3.8%-3.7%
Q1 2026+1.5%-1.3%-5.2%
Q4 2026-0.1%+2.1%-0.7%
Q2 2025+0.6%+2.3%+6.4%
Q1 2025-2.3%+0.1%-4.1%
Q4 2024-1.9%-1.4%-4.1%
Q3 2024-0.8%-2.2%+1.2%
Q2 2024-0.4%-0.9%-4.6%
Q1 2024-1.0%+0.5%+3.3%
Q4 2023+2.0%+1.9%+0.5%
Q3 2023+2.4%+5.2%+0.9%
Q2 2023-1.0%-1.7%+0.8%
Q1 2023-3.8%-2.1%-10.6%
Q4 2022+2.9%+6.0%-2.8%
Q3 2022-1.2%-0.1%-5.2%
Q2 2022-0.1%-4.5%-9.3%
Q1 2022+0.8%-0.6%-7.0%
Q4 2021+1.1%+2.4%+2.8%
Q4 2020+1.3%-0.6%-1.3%

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