NASDAQ$TRIN
Trinity Capital Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported strong first quarter results driven by record NII and strategic investments.
Trinity Capital Inc. reported a strong first quarter with total investment income of $41.5 million, a 30.5% increase year-over-year, and net investment income of $19.3 million, or $0.55 per basic share. The company funded $70.4 million in gross investments and saw debt principal repayments of $82.8 million.
- Total investment income increased by 30.5% year-over-year to $41.5 million.
- Net investment income was $19.3 million, or $0.55 per basic share, a 23.7% increase year-over-year.
- Total gross investments funded amounted to $70.4 million.
- The company declared a dividend distribution of $0.47 per share for the first quarter of 2023.
Headline financials
Revenue & EPS history
Trinity Capital · Revenue · Quarterly
$22.1M
Forward guidance
Trinity is positioned to capitalize on investment opportunities in a dynamic market, especially given recent volatility in the banking industry.
Tailwinds
- Trinity's platform is positioned to capitalize on investment opportunities.
- Businesses are looking for more stable, non-bank solutions for their financing needs.
- Core priorities of portfolio management and credit quality remain firmly rooted.
- Constant oversight and communication with portfolio companies is maintained.
- Trinity continues to realize its vision as an emerging leader.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+1.1%
Avg return
Earnings day
+0.3%
Avg return
5 days after
+0.2%
Avg return
30 days after
59%
13 / 22 earnings
Positive
+6.9%
Q4 2022
Best reaction
-6.9%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.8% | -1.0% | -0.6% | |
| Q4 2025 | +0.8% | -0.7% | -4.9% | |
| Q3 2025 | +0.0% | +3.7% | +3.5% | |
| Q1 2025 | -1.9% | +3.5% | +3.1% | |
| Q4 2024 | +5.1% | +4.4% | +0.6% | |
| Q3 2024 | +1.4% | -3.5% | +7.9% | |
| Q2 2024 | +2.9% | +1.8% | -1.7% | |
| Q1 2024 | -4.5% | -2.3% | -1.7% | |
| Q4 2023 | +4.8% | +3.5% | +0.5% | |
| Q3 2023 | +6.2% | +4.9% | +7.7% | |
| Q2 2023 | +4.9% | -2.8% | -0.2% | |
| Q1 2023 | -4.1% | -5.0% | +3.4% | |
| Q4 2019 | +6.9% | +5.8% | -4.6% | |
| Q4 2022 | +6.9% | +5.8% | -4.6% | |
| Q3 2022 | -6.9% | -10.3% | -10.4% | |
| Q2 2022 | -0.5% | +1.9% | -1.7% | |
| Q1 2022 | -4.6% | -6.8% | -3.5% | |
| Q4 2021 | -0.9% | -4.2% | +6.0% | |
| Q3 2021 | +5.6% | +5.3% | +1.2% | |
| Q2 2021 | +4.0% | +2.7% | +10.4% | |
| Q1 2021 | +0.7% | -1.3% | -1.5% | |
| Q4 2020 | -3.9% | +1.1% | -4.6% | |
| Q3 2020 | — | — | — | |
| Q1 2020 | — | — | — | |
| Q3 2019 | — | — | — |
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