NYSE$BCSF

Bain Capital Specialty Finance Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Delivered strong fourth quarter earnings and full year 2022 financial results with attractive interest income and net asset value growth.

Bain Capital Specialty Finance (BCSF) announced strong fourth quarter earnings and full year 2022 financial results, driven by solid credit performance. The company's Board of Directors has declared a dividend of $0.38 per share for the first quarter of 2023.

  • Invested $220.7 million in 44 portfolio companies.
  • Principal repayments and sales totaled $162.0 million, resulting in net investment fundings of $58.7 million.
  • Investment portfolio had a fair value of $2,387.0 million, comprised of investments in 132 portfolio companies.
  • Net increase in net assets resulting from operations was $43.5 million, or $0.67 per share.

Headline financials

Total Revenue

$58.4M

Previous: $51.5M+13.2%
EPS (adj)

$0.37

Previous: $0.34+8.8%
Net Income

$43.5M

Previous: $22.3M+95.1%
Cash & Equivalents

$59.8M

Previous: $117M-49.1%
Total Assets

$2.59B

Previous: $2.57B+0.8%

Revenue & EPS history

Bain Capital Specialty Finance · Revenue · Quarterly

$58.4M

Q4 2022+13.2%vs Q4 2021
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 Q4 2022

Historical avgQ4 2022

+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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