NASDAQ$TCPC

BlackRock TCP Capital Corp · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

BlackRock TCP Capital Corp. reported strong financial results for Q4 2021, with net investment income exceeding the dividend paid.

BlackRock TCP Capital Corp. announced its financial results for the fourth quarter and year ended December 31, 2021. The company reported net investment income of $0.31 per share, which exceeded the dividend of $0.30 per share. Net increase in net assets from operations was $32.6 million, or $0.56 per share. The board of directors declared a first quarter dividend of $0.30 per share payable on March 31, 2022.

  • Net investment income for Q4 2021 was $17.6 million, or $0.31 per share, exceeding the dividend of $0.30 per share.
  • Net increase in net assets from operations for Q4 2021 was $32.6 million, or $0.56 per share.
  • Net asset value per share was $14.36 at December 31, 2021, an increase of 1.9% from the previous quarter.
  • Total acquisitions during Q4 2021 were $182.0 million and total dispositions were $115.0 million.

Headline financials

Total Revenue

$39.6M

Previous: $42.9M-7.7%
EPS (adj)

$0.31

Previous: $0.35-11.4%
Loans on Non-Accrual Status

0.9

Previous: 0.5+80.0%
Net Income

$32.6M

Previous: $48M-32.1%
Operating Income

$17.6M

Previous: $42.9M-59.0%
Cash & Equivalents

$19.6M

Previous: $20M-2.3%
Total Assets

$1.89B

Previous: $1.67B+13.3%

Revenue & EPS history

BlackRock TCP · Revenue · Quarterly

$39.6M

Q4 2021-7.7%vs Q4 2020
Beat estimate in 3 of 15 quarters(20%)
ActualEstimate

Forward guidance

BlackRock TCP Capital Corp. did not provide specific forward guidance in this earnings report.

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

+0.9%

Avg return

Earnings day

+1.4%

Avg return

5 days after

+0.8%

Avg return

30 days after

63%

12 / 19 earnings

Positive

+11.7%

Q3 2024

Best reaction

-10.5%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.2%-3.2%-15.8%
Q4 2025-9.3%-8.4%-23.7%
Q3 2025+4.7%+3.6%+10.5%
Q1 2025+7.4%+15.3%+18.3%
Q4 2024-9.6%-12.7%-14.5%
Q3 2024+11.7%+11.9%+20.4%
Q2 2024-8.2%-12.6%-8.4%
Q1 2024+2.1%+3.7%+9.9%
Q4 2023-5.5%-5.5%-6.5%
Q3 2023+6.6%+5.7%+12.9%
Q2 2023+6.9%+5.4%+3.7%
Q1 2023+5.6%+6.4%+9.5%
Q4 2022-10.5%-8.1%-20.8%
Q3 2022+10.7%+12.7%+10.2%
Q2 2022+1.2%+4.4%+2.1%
Q1 2022+0.7%-0.5%-1.3%
Q4 2021+1.8%+1.3%+4.6%
Q3 2021-0.5%-0.1%-5.3%
Q4 2020+2.3%+7.8%+10.4%

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