NYSE$HTGC
Hercules Capital Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Hercules Capital reported record total investment income and net investment income for Q4 2023, with total investment income up by 22.4% and net investment income up by 38.5% year-over-year.
Hercules Capital reported record financial performance for Q4 2023, with significant increases in total investment income and net investment income. The company also announced a new supplemental cash distribution for 2024.
- Record total investment income of $122.6 million, an increase of 22.4% year-over-year.
- Record net investment income (NII) of $86.0 million, or $0.56 per share, an increase of 38.5% year-over-year.
- Total gross debt and equity commitments of $413.9 million.
- Available liquidity of $743.9 million.
Headline financials
Revenue & EPS history
Hercules Capital · Revenue · Quarterly
$125M
Forward guidance
Hercules Capital is competitively well positioned to continue growing its platform and delivering shareholder returns, maintaining its base cash distribution and declaring a new supplemental cash distribution program for 2024.
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 Q4 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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