The earnings call presented a strong financial performance with significant increases in net investment income and originations, coupled with stable portfolio quality and an attractive dividend yield. However, there were some challenges with a slight decline in NAV, increased market volatility, and a minor increase in nonaccruals.

Company Guidance -

Q3 2025

During Bain Capital Specialty Finance's second quarter earnings call for the fiscal year 2025, CEO Michael Ewald highlighted several key metrics and provided guidance on future performance. The company reported a Q2 net investment income per share of $0.47, yielding an annualized return on book value of 10.7%. Despite a slight decline in net asset value per share to $17.56, the company declared a total third-quarter dividend of $0.45 per share. The gross originations for Q2 were $530 million, marking a 73% increase year-over-year, with a weighted average spread of over 580 basis points on new originations. The portfolio's credit quality remained robust, with nonaccruals at 1.7% of the portfolio cost. Ewald assured investors of strong dividend coverage, with Q2 and first-half 2025 NII dividend coverage at 112% and 115%, respectively, and highlighted a spillover income of $1.43 per share. With a net leverage ratio of 1.2x and a weighted average interest rate on debt of 4.9%, Bain Capital remains well-positioned to navigate the competitive market environment and continue delivering attractive risk-adjusted returns.

Strong Net Investment Income

Q2 net investment income per share was $0.47, representing an annualized yield on book value of 10.7%. Net investment income exceeded the regular dividend payout by 12%.

Increased Gross Originations

BCSF's gross originations were $530 million, up 73% year-over-year, highlighting strong sourcing capabilities despite a challenging market environment.

Stable Portfolio Quality

Investments on nonaccrual represented 1.7% at amortized cost and 0.6% at fair value, indicating stable credit quality across the portfolio.

Attractive Dividend Yield

Declared a third quarter dividend of $0.42 per share, plus an additional $0.03 per share, resulting in a total dividend yield of 12.2% annualized.

Bain Capital Specialty Finance (BCSF) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

BCSF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	0.44 / -	0.53	―	―	―
Aug 05, 2025	2025 (Q2)	0.44 / 0.47	0.51	-7.84% (-0.04)
May 05, 2025	2025 (Q1)	0.47 / 0.50	0.53	-5.66% (-0.03)
Feb 27, 2025	2024 (Q4)	0.47 / 0.52	0.54	-3.70% (-0.02)
Nov 05, 2024	2024 (Q3)	0.50 / 0.53	0.52	1.92% (+0.01)
Aug 06, 2024	2024 (Q2)	0.52 / 0.51	0.6	-15.00% (-0.09)
May 06, 2024	2024 (Q1)	0.55 / 0.53	0.5	6.00% (+0.03)
Feb 27, 2024	2023 (Q4)	0.53 / 0.54	0.37	45.95% (+0.17)
Nov 06, 2023	2023 (Q3)	0.54 / 0.52	0.53	-1.89% (-0.01)
Aug 08, 2023	2023 (Q2)	0.50 / 0.60	0.41	46.34% (+0.19)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

BCSF Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 05, 2025	$14.76	$15.15	+2.64%
May 05, 2025	$14.80	$14.88	+0.54%
Feb 27, 2025	$17.45	$18.01	+3.21%
Nov 05, 2024	$15.14	$15.51	+2.44%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Bain Capital Specialty Finance (BCSF) report earnings?

Bain Capital Specialty Finance (BCSF) is schdueled to report earning on Nov 05, 2025, After Close (Confirmed).

What is Bain Capital Specialty Finance (BCSF) earnings time?

Bain Capital Specialty Finance (BCSF) earnings time is at Nov 05, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is BCSF EPS forecast?

BCSF EPS forecast for the fiscal quarter 2025 (Q3) is 0.44.

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