NASDAQ$TRIN

Trinity Capital Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Reported record quarterly net investment income and increased regular dividend.

Trinity Capital Inc. announced its Q4 2023 financial results, featuring record total investment income of $47.8 million and net investment income of $25.1 million. The company's investment portfolio had a fair value of approximately $1.3 billion, with total assets under management reaching $1.5 billion. The board declared a regular and supplemental dividend totaling $0.50 per share.

  • Record total investment income of $47.8 million, a 15.2% year-over-year increase.
  • Record net investment income of $25.1 million, or $0.57 per basic share, a 15.9% year-over-year increase.
  • Net Asset Value increased to $13.19 per share, up from $13.17 at the end of Q3.
  • Record total gross investments funded of $267.4 million.

Headline financials

Total Revenue

$48.6M

Previous: $41.5M+17.1%
EPS (adj)

$0.54

Previous: $0.57-5.3%
Capital Expenditures

-$525K

No prior period
Net Income

$25.1M

No prior period
Operating Income

$25.8M

No prior period
Stock-Based Comp

$2.38M

Previous: $1.73M+37.6%

Revenue & EPS history

Trinity Capital · Revenue · Quarterly

$48.6M

Q4 2023+17.1%vs Q4 2022
Beat estimate in 4 of 14 quarters(29%)
ActualEstimate

Forward guidance

Management expects off-balance sheet growth strategies to contribute to growth in 2024 and remains committed to stringent underwriting and rigorous portfolio management.

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 Q4 2023

Historical avgQ4 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

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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