Hercules Capital Reports Q4 And FY23 Financial Results; Q4 2023 Total Investment Income Of $122.6M; Q4 2023 Net Investment Income Of $86M, Or $0.56 Per Share
Portfolio Pulse from Benzinga Newsdesk
Hercules Capital reported significant growth in its Q4 and FY23 financial results, with record increases in total investment income and net investment income. Q4 investment income rose to $122.6M, a 22.4% increase YOY, and net investment income reached $86M, up 38.5% YOY. FY23 saw total investment income of $460.7M and net investment income of $304M, marking increases of 43.2% and 61.7% YOY, respectively. The company also announced a new supplemental cash distribution for 2024 of $0.32 per share and reported over $1.0 billion in available liquidity and $4.2 billion in assets under management.
February 15, 2024 | 9:45 pm
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Hercules Capital reported record financial growth in Q4 and FY23, with significant increases in investment income and net investment income. Announced a new supplemental cash distribution for 2024.
The reported financial growth and the announcement of a new supplemental cash distribution for 2024 indicate a strong financial position and operational success. This is likely to positively influence investor sentiment and potentially increase the stock price in the short term.
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