NYSE$BCSF

Bain Capital Specialty Finance Inc · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Announced financial results for the third quarter ended September 30, 2023.

Bain Capital Specialty Finance reported a strong quarter with net investment income (NII) per share of $0.55 and net income per share of $0.52. The company's net asset value per share increased to $17.54. Gross and net investment fundings were $109.5 million and $6.7 million, respectively.

  • Net investment income (NII) per share was $0.55, equating to an annualized NII yield on book value of 12.6%.
  • Net income per share was $0.52, equating to an annualized return on book value of 12.0%.
  • Net asset value per share as of September 30, 2023 was $17.54, as compared to $17.44 as of June 30, 2023.
  • Gross and net investment fundings were $109.5 million and $6.7 million, respectively; Ending net debt-to-equity was 1.12x, as compared to 1.13x as of June 30, 2023.

Headline financials

Total Revenue

-$25.7M

Previous: $45.4M-156.6%
EPS (adj)

$0.55

Previous: $0.53+3.8%
Capital Expenditures

$0.00

No prior period
Free Cash Flow

$33.9M

Previous: $11.1M+206.4%
Net Income

$33.9M

Previous: $11.1M+206.4%
Operating Income

-$40.8M

Previous: $31.2M-230.7%
Gross Profit

-$25.7M

Previous: $45.4M-156.6%
Cash & Equivalents

$65.2M

Previous: $32.3M+101.6%
Total Assets

$2.57B

Previous: $2.52B+1.8%

Revenue & EPS history

Bain Capital Specialty Finance · Revenue · Quarterly

-$25.7M

Q3 2023-156.6%vs Q3 2022
Beat estimate in 3 of 15 quarters(20%)
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 2023

Historical avgQ3 2023

+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

Earnings price reactions
QuarterReport dateReaction (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

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