Hercules Capital reports Q4 EPS 49c, consensus 50c

Reports Q4 NII $81.1M vs. $86.0M last year. “For over two decades, we’ve been steadfast in our dedication to empowering the innovation ecosystem,” stated Scott Bluestein, chief executive officer and chief investment officer of Hercules. “This was clearly demonstrated when we reached our landmark achievement of $20 billion in cumulative debt commitments in Q2 2024. Our record gross funding activity in 2024 was over $1.8 billion, an increase of 13.0% year-over-year, and surpassed the previous record set in 2023. As a result, we delivered annual records for total investment income of $493.6 million, an annual increase of 7.1%, and net investment income of $325.8 million, an annual increase of 7.2%, year-over year.”