NYSE$HTGC

Hercules Capital Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported record total gross debt and equity commitments and gross fundings. Increased the quarterly base cash distribution and declared supplemental distribution.

Hercules Capital reported a net investment income of $38.1 million, or $0.33 per share, and total investment income of $70.2 million. The company achieved record total gross new debt and equity commitments of $719.6 million and record total gross fundings of $431.1 million.

  • Net Investment Income (NII) of $38.1 million, or $0.33 per share.
  • Total Investment Income of $70.2 million.
  • Record total gross new debt and equity commitments of $719.6 million.
  • Record total gross fundings of $431.1 million.

Headline financials

Total Revenue

$70.2M

Previous: $70.3M-0.2%
EPS (adj)

$0.33

Previous: $0.34-2.9%
Gross Fundings

$431M

Previous: $266M+62.4%
Available Liquidity

$818M

Previous: $465M+76.0%
Net GAAP Leverage

106.4%

Previous: 111.4%-4.5%
Net Regulatory Leverage

101.6%

Previous: 102.9%-1.3%
Net Income

$23.5M

Previous: $38.7M-39.1%
Operating Income

$38.1M

Previous: $38.7M-1.6%
Cash & Equivalents

$236M

Previous: $27.6M+754.5%
Stock-Based Comp

$7.79M

No prior period

Revenue & EPS history

Hercules Capital · Revenue · Quarterly

$70.2M

Q3 2021-0.2%vs Q3 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Forward guidance

Hercules Capital is well-positioned heading into Q4, allowing the company to remain focused on delivering strong total shareholder returns.

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 Q3 2021

Historical avgQ3 2021

+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

Earnings price reactions
QuarterReport dateReaction (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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