NYSE$BBDC
Barings Bdc Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported financial and operating results for the third quarter of 2024 and announced a quarterly cash dividend of $0.26 per share.
Barings BDC reported a net investment income well above the dividend, strong credit metrics, and NAV that is above where it was at the end of last year. The company made 11 new investments totaling $88.4 million and investments in existing portfolio companies totaling $36.6 million.
- Net investment income was $30.2 million, or $0.29 per share.
- Net increase in net assets resulting from operations was $22.0 million, or $0.21 per share.
- NAV per share as of September 30, 2024 was $11.32, as compared to $11.36 as of June 30, 2024.
- The Company declared a quarterly cash dividend of $0.26 per share.
Headline financials
Revenue & EPS history
Barings BDC · Revenue · Quarterly
-$14.5M
Revenue by segment
Barings BDC · $32.1M total across 3 segments · Q1 2022
- Non-Control / Non-Affiliate$31.6M—98.6%
- Control Investments$273K—0.9%
- Affiliate Investments$172K—0.5%
Forward guidance
Barings BDC believes it is well positioned for what it expects to be a more active environment, particularly given its strong sponsor relationships and ample liquidity.
Tailwinds
- The Company continues to deliver attractive returns.
- The Company is executing its disciplined investment strategy.
- The Company is focused on Barings-originated, senior secured loans.
- The Company is investing in competitively advantaged middle market companies.
- The Company has rigorously analyzed and conservatively underwritten investments.
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 2024
+1.3%
Avg return
Earnings day
+0.9%
Avg return
5 days after
-1.2%
Avg return
30 days after
71%
15 / 21 earnings
Positive
+6.0%
Q2 2024
Best reaction
-3.9%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.2% | -3.2% | -6.2% | |
| Q4 2025 | +0.9% | -2.3% | -10.5% | |
| Q3 2025 | -0.7% | -1.5% | -2.1% | |
| Q1 2025 | +1.0% | +3.1% | +3.3% | |
| Q4 2024 | +2.7% | -3.0% | -8.7% | |
| Q3 2024 | +3.1% | +2.7% | +2.7% | |
| Q2 2024 | +6.0% | +3.7% | +3.5% | |
| Q1 2024 | -1.9% | +0.9% | +2.2% | |
| Q4 2023 | +5.8% | +8.6% | -0.8% | |
| Q3 2023 | -3.9% | -3.8% | -6.2% | |
| Q2 2023 | +5.8% | +7.1% | +5.1% | |
| Q1 2023 | -2.4% | -3.2% | +7.1% | |
| Q4 2022 | +0.3% | +0.7% | -9.9% | |
| Q3 2022 | +2.9% | +1.1% | -3.1% | |
| Q2 2022 | +2.1% | +2.7% | -5.0% | |
| Q1 2022 | +1.5% | +0.4% | +1.1% | |
| Q4 2021 | +0.6% | +0.8% | -3.3% | |
| Q3 2021 | +0.7% | +0.0% | -4.6% | |
| Q2 2021 | +2.7% | +2.9% | +3.5% | |
| Q1 2021 | +1.3% | +0.4% | +3.2% | |
| Q4 2020 | -0.2% | +0.9% | +3.8% |
Discussion
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