MidCap Financial reports Q3 EPS 38c, consensus 38c

Reports Q3 NAV per share $14.66. Commenting on the company’s results for the third quarter of 2025, Tanner Powell, Chief Executive Officer, stated, “During the September quarter, we continued to deploy capital into first lien middle market loans which we believe have strong credit attributes, underscoring MidCap Financial’s (MFIC) strong position as a leading lender in the middle market. As we noted in last quarter’s earnings announcement, we’re pleased to report that Merx, our aircraft leasing portfolio company repaid approximately $97 million to MFIC during the quarter, reducing our investment to 3.3% of the total portfolio, down from 5.6% at the end of the prior quarter. We currently expect to receive additional paydowns of approximately $25 million from Merx in late 2025 or early 2026. We believe the reduction in our Merx exposure, and the redeployment into middle market loans, has meaningfully de-risked our investment portfolio and improved MFIC’s earnings power.” Mr. Powell continued, “Our portfolio companies continue to deliver strong fundamental performance with solid revenue and earnings growth, although our NAV declined due to a handful of companies that faced company specific issues.”