NYSE$HTGC
Hercules Capital Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Hercules Capital's Q1 2023 financial results were reported, showcasing record total gross fundings and investment income, alongside a substantial increase in net investment income.
Hercules Capital reported record Q1 2023 results, including total gross fundings of $476.2 million and total investment income of $105.1 million. Net investment income (NII) reached $65.5 million, or $0.48 per share, representing an 83.0% year-over-year increase. The company had approximately $1.0 billion of available liquidity at quarter end.
- Record total investment income of $105.1 million, an increase of 61.3% year-over-year.
- Record net investment income of $65.5 million, or $0.48 per share, an increase of 83.0% year-over-year.
- Total gross debt and equity commitments of $526.0 million.
- Record Q1 total gross fundings of $476.2 million.
Headline financials
Revenue & EPS history
Hercules Capital · Revenue · Quarterly
$73.5M
Forward guidance
Hercules will carefully navigate the tremendous market opportunity created by the recent banking crisis, utilizing the same guideposts that delivered our outstanding financial and credit performance in 2022 – maintaining strong liquidity, staying disciplined on credit and new underwritings and further expanding our platform capabilities.
Tailwinds
- Maintaining strong liquidity
- Staying disciplined on credit
- Staying disciplined on new underwritings
- Further expanding our platform capabilities
- New institutional credit lending program will provide us with the additional capacity to capitalize on these new opportunities
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
+0.7%
Avg return
Earnings day
+0.7%
Avg return
5 days after
-3.1%
Avg return
30 days after
62%
28 / 45 earnings
Positive
+9.8%
Q1 2020
Best reaction
-15.5%
Q1 2017
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.4% | -3.2% | -7.8% | |
| Q4 2025 | -3.0% | -4.1% | -15.1% | |
| Q3 2025 | -1.5% | +1.2% | +1.4% | |
| Q1 2025 | -1.1% | -3.0% | -1.0% | |
| Q4 2024 | +1.0% | +4.5% | -12.1% | |
| Q3 2024 | -1.2% | -4.3% | -5.3% | |
| Q2 2024 | -12.8% | -14.5% | -11.1% | |
| Q1 2024 | +0.7% | +2.4% | +2.3% | |
| Q4 2023 | +6.1% | +5.4% | +3.1% | |
| Q3 2023 | +0.2% | -0.4% | -2.8% | |
| Q2 2023 | +4.5% | +0.5% | -3.6% | |
| Q1 2023 | +1.5% | +3.1% | +13.9% | |
| Q4 2022 | +7.7% | +3.4% | -21.1% | |
| Q3 2022 | +1.9% | +2.8% | -3.4% | |
| Q2 2022 | +4.1% | +2.7% | -4.3% | |
| Q1 2022 | +0.2% | -6.9% | -18.6% | |
| Q4 2021 | -1.2% | -0.4% | -0.4% | |
| Q3 2021 | +1.1% | +2.4% | -5.2% | |
| Q2 2021 | -0.6% | +0.6% | -1.7% | |
| Q1 2021 | +0.5% | +1.3% | -2.0% | |
| Q4 2020 | +2.8% | +1.7% | +1.7% | |
| Q3 2020 | +0.6% | +5.7% | +22.3% | |
| Q2 2020 | +2.2% | +7.7% | +3.8% | |
| Q1 2020 | +9.8% | +10.8% | +17.7% | |
| Q4 2019 | +5.1% | -1.1% | -47.6% | |
| Q3 2019 | +2.8% | +4.5% | +4.3% | |
| Q2 2019 | +2.6% | +0.8% | +1.2% | |
| Q1 2019 | +6.0% | +5.4% | -1.3% | |
| Q4 2018 | +5.9% | +6.7% | -6.3% | |
| Q3 2018 | -0.6% | +1.0% | -3.0% | |
| Q2 2018 | +0.7% | +1.1% | +0.4% | |
| Q1 2018 | +0.0% | +2.4% | +0.7% | |
| Q4 2017 | -0.9% | -2.1% | -2.8% | |
| Q3 2017 | +7.3% | +9.0% | +7.2% | |
| Q2 2017 | -4.3% | -0.9% | -7.0% | |
| Q1 2017 | -15.5% | -16.2% | -14.9% | |
| Q4 2016 | -2.0% | -4.0% | -4.0% | |
| Q3 2016 | -4.6% | -2.4% | +0.2% | |
| Q2 2016 | +1.4% | +3.9% | +2.1% | |
| Q1 2016 | -0.2% | — | — | |
| Q4 2015 | +6.3% | — | — | |
| Q3 2015 | +2.5% | — | — | |
| Q2 2015 | +6.3% | — | — | |
| Q1 2015 | -4.2% | — | — | |
| Q4 2014 | -6.9% | — | — |
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