NYSE$BCSF

Bain Capital Specialty Finance Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported strong earnings results driven by continued credit quality improvements across diversified portfolio.

Bain Capital Specialty Finance reported strong earnings for Q4 2020, driven by improvements in credit quality across its portfolio. The company invested $172.6 million in 26 portfolio companies and had $188.1 million in principal repayments and sales during the quarter. Net investment income was $21.9 million, or $0.34 per share.

  • Invested $172.6 million in 26 portfolio companies.
  • Investment portfolio fair value of $2,484.5 million, comprised of investments in 105 portfolio companies.
  • Net investment income was $21.9 million or $0.34 per share.
  • Net increase in net assets resulting from operations was $39.5 million, or $0.61 per share.

Headline financials

Total Revenue

$48.3M

Previous: $54.8M-11.9%
EPS (adj)

$0.34

Previous: $0.41-17.1%
Net Income

$39.5M

No prior period
Operating Income

$22.1M

No prior period
Cash & Equivalents

$54.7M

No prior period
Total Assets

$0.00

No prior period

Revenue & EPS history

Bain Capital Specialty Finance · Revenue · Quarterly

$48.3M

Q4 2020-11.9%vs Q4 2019
Beat estimate in 8 of 15 quarters(53%)
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 Q4 2020

Historical avgQ4 2020

+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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