NYSE$HTGC
Hercules Capital Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported record total investment income and net investment income for the third quarter, driven by a higher weighted average debt investment portfolio and increased core yields.
Hercules Capital reported a strong Q3 2023 with record total investment income of $116.7 million, a 38.6% increase year-over-year, and net investment income (NII) of $76.8 million, or $0.52 per share, a 53.6% increase year-over-year. The company's net debt investment portfolio increased by $194.6 million during the quarter. Available liquidity stood at $598.0 million. The company remains selective on new underwritings.
- Record total investment income of $116.7 million, up 38.6% year-over-year.
- Record NII of $76.8 million, or $0.52 per share, up 53.6% year-over-year.
- Total gross debt and equity commitments of $692.7 million.
- Available liquidity of $598.0 million.
Headline financials
Revenue & EPS history
Hercules Capital · Revenue · Quarterly
$83.2M
Forward guidance
Hercules Capital will continue to closely monitor its portfolio and maintain a conservative posture given the overall environment. The company expects an improving investing environment over the next several quarters.
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 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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