NASDAQ$TRIN

Trinity Capital Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Trinity Capital reported strong third-quarter results, driven by significant portfolio growth and increased net investment income.

Trinity Capital Inc. reported a robust third quarter with total investment income reaching $21.8 million, a 61.1% year-over-year increase. Net investment income was $11.1 million, or $0.42 per share, marking a 98.0% increase year-over-year. The investment portfolio's fair value increased by 13.3% from the previous quarter, reaching $677.2 million.

  • Total investment income increased by 61.1% year-over-year to $21.8 million.
  • Net investment income rose by 98.0% year-over-year to $11.1 million, or $0.42 per share.
  • The investment portfolio's fair value grew by 13.3% from the previous quarter to $677.2 million.
  • A dividend distribution of $0.33 per share was declared for the third quarter, up 13.8% from Q2 2021.

Headline financials

Total Revenue

$21.8M

Previous: $9.69M+124.9%
EPS (adj)

$0.40

Previous: $0.27+47.1%
Total Gross Investments Funded

$151M

No prior period
Effective Yield on Avg Debt

15.8%

No prior period
Net Income

$27.2M

Previous: $12.3M+120.4%
Operating Income

$11.1M

Previous: -$4.02M+376.8%
Cash & Equivalents

$25.3M

No prior period
Total Assets

$727M

No prior period
Stock-Based Comp

$149K

No prior period

Revenue & EPS history

Trinity Capital · Revenue · Quarterly

$21.8M

Q3 2021+124.9%vs Q3 2020
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Forward guidance

Trinity Capital is positioned to capitalize on its momentum and drive prudent portfolio growth to maximize returns for shareholders.

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 Q3 2021

Historical avgQ3 2021

+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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