Crescent Capital BDC reports Q4 EPS 61c, consensus 57c

The company reported for the quarter ended December 31 net investment income and net income per share were 61c and 83c, respectively. Reported net asset value or NAV per share was $20.04 at December 31 as compared to $19.70 at September 30 . The Company announced that its Board of Directors declared a first quarter 2024 regular cash dividend of 41c per share to stockholders of record as of March 29, 2024, payable on April 15. The Board also announced a fourth quarter 2023 supplemental cash dividend of 10c per share to stockholders of record as of February 29, payable on March 15. For the quarter ended December 31 , investment income increased to $50M from $48.2M for the quarter ended September 30 respectively. Interest income, which includes amortization of upfront fees, increased to $46.4M for the quarter ended December 31 from $44.6M for the quarter ended September 30, primarily due to a rise in benchmark rates. Liquidity and Capital Resource As of December 31 he Company had $24.5M in cash and cash equivalents and restricted cash and $329.7M of undrawn capacity on its credit facilities, subject to borrowing base and other limitations. The weighted average cost of debt on the Company’s debt outstanding as of December 31, 2023 was 7.02%. The Company’s debt to equity ratio was 1.15x as of December 31.