NASDAQ$TRIN

Trinity Capital Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Trinity Capital reported an increase in total investment income and NII, with investment portfolio surpassing $1 billion.

Trinity Capital Inc. reported a total investment income of $33.5 million, a 71.8% increase year-over-year. Net investment income (NII) was $15.7 million, or $0.51 per share, a 55.4% increase year-over-year. The investment portfolio reached $1.05 billion at fair value, a 75.8% increase from Q2 2021.

  • Total investment income was $33.5 million, up 71.8% year-over-year.
  • Net investment income (NII) reached $15.7 million, or $0.51 per share, marking a 55.4% year-over-year increase.
  • Total gross investments funded amounted to $193.8 million.
  • The investment portfolio's fair value stood at $1.05 billion, a 75.8% increase from Q2 2021.

Headline financials

Total Revenue

$33.5M

Previous: $19.5M+71.8%
EPS (adj)

$0.48

Previous: $0.38+26.3%
Return on Average Equity

13.5%

No prior period
Return on Average Assets

5.9%

No prior period
Effective Yield on Avg Debt

13.8%

Previous: 15.9%-13.2%
Net Income

$15.7M

Previous: $24.7M-36.4%
Operating Income

$16.4M

Previous: $10.1M+62.4%
Cash & Equivalents

$13.2M

Previous: $19.1M-30.8%
Total Assets

$1.09B

Previous: $641M+70.0%
Stock-Based Comp

$1.77M

No prior period

Revenue & EPS history

Trinity Capital · Revenue · Quarterly

$33.5M

Q2 2022+71.8%vs Q2 2021
Beat estimate in 4 of 14 quarters(29%)
ActualEstimate

Forward guidance

The Company’s Board of Directors previously expressed the intent to declare equal supplemental cash dividends of $0.15 per share in the third and fourth quarters of 2022 for a total supplemental cash dividends equal to $0.60 per share in 2022, subject to Board of Director approval each quarter.

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 Q2 2022

Historical avgQ2 2022

+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

Earnings price reactions
QuarterReport dateReaction (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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