NYSE$HTGC
Hercules Capital Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported record total investment income and strong NII, driven by disciplined scaling and strategic growth.
Hercules Capital reported a strong Q3 2024 with record total investment income of $125.2 million, a 7.3% increase year-over-year, and net investment income (NII) of $83.2 million, or $0.51 per share, an 8.3% increase year-over-year. The company's NII provided 128% coverage of the base cash distribution, and total gross debt and equity commitments reached $430.7 million.
- Record Total Investment Income of $125.2 million, an increase of 7.3% year-over-year.
- Net Investment Income (NII) of $83.2 million, or $0.51 per share, an increase of 8.3% year-over-year.
- Total gross debt and equity commitments of $430.7 million.
- Total gross fundings of $272.0 million.
Headline financials
Revenue & EPS history
Hercules Capital · Revenue · Quarterly
$89.4M
Forward guidance
Hercules has pending commitments of $630.0 million in signed non-binding term sheets outstanding as of October 25, 2024. Since the close of Q3 2024 and as of October 25, 2024 Hercules has closed new gross debt and equity commitments (before assignments to or direct originations by the Adviser Funds) of $17.0 million and funded $15.2 million.
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 2024
+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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