NYSE$BBDC
Barings Bdc Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Barings BDC, Inc. reported its fourth quarter and full year 2024 financial and operating results, including record full year net investment income and a quarterly cash dividend of $0.26 per share, along with special dividends totaling $0.15 per share.
Barings BDC, Inc. concluded 2024 with strong fourth-quarter results, achieving record full-year net investment income. The company out-earned its dividend by over 15% on a pre-tax basis, reduced its non-accrual rate to 0.3% of fair value, and deployed $297.9 million into new investments. The Board declared a quarterly cash dividend of $0.26 per share and special dividends of $0.15 per share.
- Net investment income for Q4 2024 was $29.5 million, or $0.28 per share.
- The company out-earned its dividend on a pre-tax basis by more than 15% in the fourth quarter.
- Non-accrual rate was further reduced to 0.3% of fair value, strengthening the company's position.
- Deployed $297.9 million towards attractive investments across a range of industries in Q4 2024.
Headline financials
Revenue & EPS history
Barings BDC · Revenue · Quarterly
$70.6M
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
The company announced a first quarter dividend of $0.26 per share and special dividends totaling $0.15 per share, payable in three equal quarterly installments starting in March 2025. The Board also authorized a new 12-month share repurchase program of up to $30.0 million.
Tailwinds
- Announced a first quarter dividend of $0.26 per share, demonstrating continued shareholder returns.
- Declared special dividends totaling $0.15 per share, indicating strong financial performance.
- Special dividends will be paid in three equal quarterly installments, providing consistent additional returns.
- Authorized a new 12-month share repurchase program of up to $30.0 million, signaling confidence in valuation.
- The repurchase program allows for opportunistic share buybacks when prices are below NAV per share.
Headwinds
- The share repurchase program does not guarantee any specific number of shares will be repurchased.
- The company cannot assure stockholders that any shares will be repurchased under the program.
- The program may be suspended, extended, modified, or discontinued at any time.
- There is no assurance that the market price of shares will increase as a result of any repurchases.
- There is no assurance that any repurchase plan will enhance stockholder value over the long term.
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
+1.3%
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% |
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