NYSE$BBDC

Barings Bdc Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Barings BDC reported its Q4 2022 financial results and announced an increase in quarterly cash dividend.

Barings BDC reported a net investment income of $37.0 million, or $0.34 per share, and a net decrease in net assets resulting from operations of $1.3 million, or $0.01 per share. The company's board of directors declared a first quarter dividend of $0.25 per share.

  • Net investment income was $37.0 million, or $0.34 per share.
  • Net decrease in net assets resulting from operations was $1.3 million, or $0.01 per share.
  • NAV per share as of December 31, 2022 was $11.05.
  • The Board of Directors declared a first quarter dividend of $0.25 per share.

Headline financials

Total Revenue

$63.5M

Previous: $36.6M+73.4%
EPS (adj)

$0.34

Previous: $0.23+47.8%
Weighted Average Yield on Performing Debt Investments

9.7%

Previous: 7.2%+34.7%
Debt-to-Equity Ratio

1.22

Previous: 1.86-34.4%
Net Debt-to-Equity Ratio

1.12

Previous: 1.49-24.8%
Net Income

-$1.25M

Previous: $15.2M-108.2%
Operating Income

$37.6M

Previous: $15.2M+147.6%
Cash & Equivalents

$139M

Previous: $50M+178.9%
Total Assets

$2.71B

Previous: $2.16B+25.4%

Revenue & EPS history

Barings BDC · Revenue · Quarterly

$63.5M

Q4 2022+73.4%vs Q4 2021
Beat estimate in 5 of 13 quarters(38%)
ActualEstimate

Revenue by segment

Barings BDC · $32.1M total across 3 segments · Q1 2022

  • Non-Control / Non-Affiliate
    $31.6M
  • Control Investments
    $273K
  • Affiliate Investments
    $172K

Forward guidance

Barings BDC expects that increasing base rates will continue to drive their portfolio yield higher.

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 2022

Historical avgQ4 2022

+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

Earnings price reactions
QuarterReport dateReaction (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%

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