NYSE$BCSF

Bain Capital Specialty Finance Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Announced positive third quarter earnings driven by strong interest income and declared a dividend of $0.36 per share for the fourth quarter of 2022.

Bain Capital Specialty Finance reported positive third quarter earnings, driven by strong interest income from a diversified portfolio of floating rate loans, benefiting from rising interest rates and portfolio credit stability. The company increased its regular quarterly dividend by 6% to $0.36 per share, reflecting an improved earnings outlook and portfolio strength.

  • Invested $433.0 million in 59 portfolio companies.
  • Total investment income was $62.8 million.
  • Net investment income was $34.1 million or $0.53 per share.
  • Declared a dividend of $0.36 per share for the fourth quarter of 2022.

Headline financials

Total Revenue

$45.4M

Previous: $49.5M-8.4%
EPS (adj)

$0.53

Previous: $0.34+55.9%
WA Yield at Amortized Cost

10.2%

No prior period
WA Yield at Fair Value

10.6%

No prior period
Free Cash Flow

$11.1M

No prior period
Net Income

$11.1M

Previous: $23.3M-52.6%
Operating Income

$31.2M

Previous: $21.7M+44.0%
Gross Profit

$45.4M

No prior period
Cash & Equivalents

$32.3M

Previous: $35.1M-7.9%
Total Assets

$2.52B

Previous: $2.5B+0.9%

Revenue & EPS history

Bain Capital Specialty Finance · Revenue · Quarterly

$45.4M

Q3 2022-8.4%vs Q3 2021
Beat estimate in 3 of 14 quarters(21%)
ActualEstimate

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 Q3 2022

Historical avgQ3 2022

+0.7%

Avg return

Earnings day

+1.7%

Avg return

5 days after

+1.0%

Avg return

30 days after

59%

17 / 29 earnings

Positive

+7.3%

Q1 2020

Best reaction

-3.3%

Q4 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-3.1%-2.3%-6.2%
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

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