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Hercules Capital, Inc. (HCXY) SEC Filing 10-Q Quarterly report for the period ending Tuesday, March 31, 2020

SEC Filings

HCXY Quarterly Reports

Hercules Capital, Inc.

CIK: 1280784 Ticker: HCXY
 

Exhibit 99.1

 

 

 

Hercules Capital Reports Fourth Quarter and Record Full-Year 2019 Financial Results

 

 

Company Achieves Multiple Records for FY 2019: Total New Debt and Equity Commitments, Total Gross Fundings, Total Investment Income, Net Investment Income, Total Investment Assets and Total Debt Investments among others

 

Record FY2019 New Debt and Equity Commitments of $1.47 Billion, up 21.6% Year-over-Year

 

Record FY 2019 Total Debt Investments of $2.17 Billion at Cost, Driven by Record Debt Investment Portfolio Growth of $417.2 Million

 

Record FY 2019 Total Investment Income of $267.9 Million, up 28.9% Year-over-Year

 

Record FY2019 Total Declared Shareholder Distributions of $1.42 per Share, up 12.7% Year-over-Year

 

Record Undistributed Earnings Spillover of $68.0 Million, or $0.67 per Weighted Average Shares Outstanding

 

 

 

Q4 2019 Financial Achievements and Highlights

 

Record Net Investment Income “NII” of $40.1 million, or $0.38 per share, an increase of 31.1% year-over-year

 

Provides 119% coverage of base distribution payout

 

Total Investment Income of $70.6 million, an increase of 24.1% year-over-year

New debt and equity commitments of $283.9 million, an increase of 13.8% year-over-year

 

Q4 gross fundings of $240.8 million

Unscheduled early principal repayments or “early loan repayments” of $160.8 million

15.4% Return on Average Equity “ROAE” (NII/Average Equity)

7.3% Return on Average Assets “ROAA” (NII/Average Assets)

GAAP leverage of 115.0% and regulatory leverage of 101.8%(1)

13.0% GAAP Effective Yields and 12.3% Core Yields(2), a non-GAAP measure

 

1

The following information was filed by Hercules Capital, Inc. (HCXY) on Thursday, February 20, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Assess how Hercules Capital, Inc.'s management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
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Hercules Capital, Inc.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2020 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

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Inside Hercules Capital, Inc.'s 10-Q Quarterly Report:

Material Contracts, Statements, Certifications & more

Hercules Capital, Inc. provided additional information to their SEC Filing as exhibits

Ticker: HCXY
CIK: 1280784
Form Type: 10-Q Quarterly Report
Accession Number: 0001564590-20-020850
Submitted to the SEC: Mon May 04 2020 4:31:09 PM EST
Accepted by the SEC: Mon May 04 2020
Period: Tuesday, March 31, 2020

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