Trinity Capital reports Q4 NII 57c, consensus 54c

Reports NAV $13.19 per share, up from $13.17 at the end of Q3. “Trinity had a tremendous year in 2023, marked by record fundings and investment income along with continued growth in our portfolio,” said Kyle Brown, CEO of Trinity. “Our off-balance sheet growth strategies continued to ramp, and we expect them to contribute to our growth in 2024.” Brown further highlighted, “Our strong performance has allowed us to increase our regular dividend for twelve straight quarters, resulting in distributions of $2.04 per share to our shareholders in 2023. Our commitments to stringent underwriting and rigorous portfolio management remain central to our approach, and we believe that our shareholders will continue to see the benefits of these practices.”