NASDAQ$TRIN
Trinity Capital Inc · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
Trinity Capital reported record quarterly net investment income and strong growth in total investment income for the fourth quarter of 2024.
Trinity Capital Inc. announced strong financial results for the fourth quarter of 2024, with total investment income increasing by 48.1% year-over-year and net investment income reaching a record $34.6 million. The company also reported a significant increase in net assets and a healthy return on average equity.
- Total investment income for Q4 2024 was $70.8 million, a 48.1% increase year-over-year.
- Net investment income reached a record $34.6 million, or $0.58 per basic share.
- Net increase in net assets resulting from operations was $45.9 million, or $0.77 per basic share.
- Return on Average Equity (ROAE) hit 17.4% in Q4.
Headline financials
Revenue & EPS history
Trinity Capital · Revenue · Quarterly
$70.8M
Forward guidance
Trinity Capital is well-positioned for continued growth and long-term value creation in 2025, supported by its strategic initiatives and disciplined management.
Tailwinds
- Continued expansion of distinct business verticals.
- Strong originations and disciplined credit and portfolio management.
- Unique capitalization structure enabling continued earnings growth.
- Consistent dividend returns for twenty consecutive quarters.
- Well-positioned to create long-term value for shareholders.
Headwinds
- Yields may fluctuate quarter-to-quarter depending on the amount of prepayment activity.
- Overall grading may fluctuate quarter-to-quarter based on liquidity and performance.
- Potential for unrealized depreciation from debt investments.
- Impact of increased interest expense due to higher weighted average debt outstanding.
- General economic conditions could impact portfolio company performance.
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 2024
+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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