NASDAQ$SLRC

SLR Investment Corp · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

SLR Investment Corp. reported its financial results for the fourth quarter and full year ended December 31, 2024, with a net investment income of $0.44 per share for Q4 2024 and a declared quarterly distribution of $0.41 per share.

SLR Investment Corp. reported a net investment income of $23.8 million, or $0.44 per share, for Q4 2024. The company maintained a stable net asset value of $18.20 per share and declared a quarterly distribution of $0.41 per share. For the full fiscal year, net investment income was $96.3 million, or $1.77 per share, with a net increase in net assets from operations of $95.8 million.

  • Net investment income for Q4 2024 was $23.8 million, or $0.44 per share.
  • Net asset value remained stable at $18.20 per share as of December 31, 2024.
  • The company declared a quarterly distribution of $0.41 per share payable on March 28, 2025.
  • Total investment income for Q4 2024 was $55.583 million, with net expenses of $31.791 million.

Headline financials

Total Revenue

$55.6M

Previous: $59.8M-7.0%
EPS (adj)

$0.41

Previous: $0.44-6.8%
Net Debt-to-Equity

1.03

Previous: 1.19-13.4%
NAV per Share

$18.20

Previous: $18.09+0.6%
Capital Expenditures

$0.00

Previous: $0.00
Net Income

$23.8M

Previous: $23.6M+0.8%
Operating Income

$22.6M

No prior period

Revenue & EPS history

SLR · Revenue · Quarterly

$55.6M

Q4 2024-7%vs Q4 2023
Beat estimate in 2 of 12 quarters(17%)
ActualEstimate

Forward guidance

The company anticipates continued growth in specialty finance investment opportunities due to the retreat of regional banks from asset-based lending. They expect to maintain their disciplined underwriting approach and flexibility to pivot to attractive investment strategies to protect capital and perform across market cycles.

Tailwinds

  • Significant pipeline of specialty finance investment opportunities due to regional bank retreat.
  • Flexibility to pivot to most attractive investment strategies.
  • Ability to protect capital and perform across market cycles.
  • Strong NII per share performance for both the quarter and full year.
  • Increased NAV reflecting solid credit performance from a diversified portfolio.

Headwinds

  • No specific negative forward guidance was provided in the report.
  • Potential impacts from changes in the economy, financial markets, and political environment, including inflation and interest rates.
  • Risks associated with possible disruption in operations due to terrorism, war, or natural disasters.
  • Future changes in laws or regulations could impact operations.
  • Other considerations that may be disclosed in future SEC filings.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

+0.8%

Avg return

Earnings day

+1.6%

Avg return

5 days after

+2.2%

Avg return

30 days after

56%

10 / 18 earnings

Positive

+5.2%

Q3 2024

Best reaction

-2.3%

Q4 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025+3.5%+0.6%-5.1%
Q1 2025-0.5%+3.9%+8.6%
Q4 2024-1.7%+0.5%-1.9%
Q3 2024+5.2%+6.5%+10.6%
Q2 2024+3.3%+2.0%+5.5%
Q1 2024+2.8%+3.1%+7.3%
Q4 2023+0.6%+1.7%+3.9%
Q3 2023+0.0%-0.4%+3.8%
Q2 2023+0.8%-0.7%-2.3%
Q1 2023-1.2%-2.2%+2.7%
Q4 2022+2.6%+4.8%+0.5%
Q3 2022-1.5%+1.6%+10.3%
Q2 2022+2.2%+3.4%+3.2%
Q1 2022+2.1%-0.6%-1.8%
Q4 2021-2.3%+1.7%+0.2%
Q3 2021-1.2%+1.2%-1.0%
Q2 2021-0.6%+0.8%-0.4%
Q4 2020+0.7%+1.6%-4.5%

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