NASDAQ$WHF
Whitehorse Finance Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
WhiteHorse Finance reported its highest quarterly Core NII since IPO in 2012.
WhiteHorse Finance reported net investment income of $11.1 million, or $0.476 per share, and core net investment income of $11.1 million, or $0.476 per share for Q4 2022. The company's investment portfolio totaled $760.2 million and the STRS JV investment portfolio totaled $284.3 million.
- Net Asset Value of $332.4 million, or $14.30 per share.
- Investment portfolio totaling $760.2 million.
- STRS JV investment portfolio totaling $284.3 million.
- Net investment income and Core net investment income of $11.1 million, or $0.476 per share.
Headline financials
Revenue & EPS history
Whitehorse Finance · Revenue · Quarterly
$25.9M
Forward guidance
WhiteHorse is equipped to take advantage of the current lender friendly market conditions as our pipeline activity remains high, and our three-tier architecture continues to provide the BDC differentiated sourcing capabilities.
Tailwinds
- Positive impact of an interest rate environment on debt portfolio
- Investments in existing portfolio were underwritten at modest leverage levels
- Portfolio remains overwhelmingly represented by non-cyclical or light cyclical borrowers
- Increased capital commitments to joint venture by $25 million
- Pipeline activity remains high
Headwinds
- Marked down some assets during the quarter
- Challenging economic backdrop
- Being cautious in the face of a weakening economy
- Focus on credits with compelling risk return characteristics
- Meticulous in deal selection
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2022
-0.4%
Avg return
Earnings day
-0.1%
Avg return
5 days after
-0.0%
Avg return
30 days after
47%
9 / 19 earnings
Positive
+6.0%
Q4 2025
Best reaction
-6.2%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.5% | -4.6% | -12.2% | |
| Q4 2025 | +6.0% | +17.8% | +12.9% | |
| Q3 2025 | -5.2% | -1.0% | +7.5% | |
| Q1 2025 | +0.8% | -1.1% | -0.4% | |
| Q4 2024 | -4.5% | -5.5% | -14.4% | |
| Q3 2024 | -5.4% | -9.5% | -9.7% | |
| Q2 2024 | -2.4% | -2.6% | +1.9% | |
| Q1 2024 | +1.3% | +0.4% | +2.0% | |
| Q4 2023 | -0.2% | +0.5% | -0.2% | |
| Q3 2023 | -1.1% | -0.2% | +1.6% | |
| Q2 2023 | -6.2% | -5.8% | -4.4% | |
| Q1 2023 | +5.2% | +5.5% | +15.3% | |
| Q4 2022 | +2.3% | +0.4% | -5.2% | |
| Q3 2022 | +1.6% | +4.9% | +7.3% | |
| Q2 2022 | +1.1% | +6.0% | -2.3% | |
| Q1 2022 | -2.1% | -6.0% | -3.9% | |
| Q4 2021 | -1.8% | -3.6% | -1.0% | |
| Q3 2021 | +0.7% | -0.1% | +0.7% | |
| Q4 2020 | +2.3% | +2.2% | +3.8% |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro