NYSE$BCSF
Bain Capital Specialty Finance Inc · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Announced financial results for the first quarter ended March 31, 2024.
Bain Capital Specialty Finance reported a strong start to the year with high net investment income and improving credit quality across its senior secured portfolio. The company's net asset value per share increased, and it saw active new originations. The Board of Directors declared a dividend of $0.42 per share for the second quarter of 2024.
- Net investment income (NII) per share was $0.53, equating to an annualized NII yield on book value of 12.0%.
- Net income per share was $0.55, equating to an annualized return on book value of 12.5%.
- Net asset value per share as of March 31, 2024 was $17.70, as compared to $17.60 as of December 31, 2023.
- Investments on non-accrual declined quarter-over-quarter to 1.7% and 1.0% of the total investment portfolio at amortized cost and fair value, respectively, as of March 31, 2024.
Headline financials
Revenue & EPS history
Bain Capital Specialty Finance · Revenue · Quarterly
$38.9M
Forward guidance
This letter may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this letter may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties.
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 Q1 2024
+0.7%
Avg return
Earnings day
+1.7%
Avg return
5 days after
+1.3%
Avg return
30 days after
59%
17 / 29 earnings
Positive
+7.3%
Q1 2020
Best reaction
-3.3%
Q4 2021
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.1% | -2.3% | — | |
| Q4 2025 | +0.8% | +0.0% | -5.2% | |
| Q3 2025 | -1.7% | -0.2% | +4.2% | |
| Q1 2025 | +0.3% | -0.7% | +1.4% | |
| Q4 2024 | +3.2% | -4.4% | -9.5% | |
| Q3 2024 | +2.7% | +3.9% | +3.1% | |
| Q2 2024 | -1.4% | -1.4% | +10.2% | |
| Q1 2024 | -0.4% | +0.4% | +1.2% | |
| Q4 2023 | +0.4% | +1.4% | +1.2% | |
| Q3 2023 | -2.3% | -2.3% | -4.0% | |
| Q2 2023 | +2.5% | +2.7% | +6.2% | |
| Q1 2023 | +4.5% | +7.1% | +14.6% | |
| Q4 2022 | +0.8% | +4.2% | -9.3% | |
| Q3 2022 | +2.7% | +5.9% | +1.5% | |
| Q2 2022 | -0.6% | +0.8% | +0.3% | |
| Q1 2022 | -1.0% | -2.9% | -6.5% | |
| Q4 2021 | -3.3% | -0.4% | +0.3% | |
| Q3 2021 | +2.0% | +2.9% | +0.5% | |
| Q2 2021 | -0.1% | +1.1% | +0.0% | |
| Q1 2021 | +0.1% | +0.6% | +0.5% | |
| Q4 2020 | +0.1% | +4.7% | +9.4% | |
| Q3 2020 | +4.5% | +12.4% | +31.6% | |
| Q2 2020 | +3.8% | +6.1% | +3.6% | |
| Q1 2020 | +7.3% | +16.3% | +27.4% | |
| Q4 2019 | -0.4% | +0.1% | -42.5% | |
| Q3 2019 | +0.6% | +0.5% | +3.4% | |
| Q2 2019 | +0.7% | +0.0% | +3.4% | |
| Q1 2019 | -0.1% | -3.7% | -6.0% | |
| Q4 2018 | -3.2% | -4.7% | -4.2% | |
| Q4 2017 | — | — | — |
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