Investcorp Credit Management BDC, Inc. Registered (ICMB)
NASDAQ:ICMB
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Earnings Data
Report Date
Sep 21, 2026After Close (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
―Last Year’s EPS
-0.03Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Q
Earnings Call Date:―|
% Change Since:
|
Earnings Call Sentiment|Negative
The call presented a mixed picture: management executed a refinancing that extended the maturity profile and maintained liquidity options, realized portfolio exits with mid-teens IRR-like outcomes, and emphasized portfolio diversification and downside-focused underwriting. However, the quarter showed material deterioration in mark-to-market metrics (NAV down ~16%, portfolio fair value down ~12%), rising nonaccruals (6.9% from 4.4%), minimal net investment income ($0.02/share), a suspension of the quarterly dividend, and investor concerns about higher financing costs and manager/alignment issues. Taken together, the negative operational and mark-to-market developments appear to outweigh the structural positives in the quarter.Company Guidance
Strategic Review: Special Committee Formed
Board formed a special committee of independent directors to review strategic alternatives to maximize shareholder value; management emphasized alignment with shareholders (adviser affiliate provided capital and owns ~25% of shares).
Refinanced $65M Notes and Extended Maturity
Successfully refinanced $65 million notes due April 1 with $65 million unsecured notes (affiliate-provided) bearing a floating coupon of SOFR + 550 bps, extending maturity to July 1, 2029 and extending the company's funding runway.
Portfolio Yield and Structure
Weighted average yield of the debt portfolio was 10.6% (down 31 bps sequentially); 81% of investments were in first-lien debt, ~98% of debt was floating rate, and weighted average spread on floating rate debt was 4.5%. Portfolio comprised 37 borrowers and was diversified across 18 GICS industries.
Realizations and New Investment Activity
Realized three portfolio investments for $8.2 million in proceeds with an IRR of approximately 10.6%; invested $1.5 million in an existing portfolio company (Axiom Global) at a yield at cost of ~8.8%.
Debt Paydown and Improved Asset Coverage (Pro Forma)
Paid down approximately $14 million of debt in February; reported gross leverage 2.02x and net leverage 1.78x (prior quarter: gross 1.75x, net 1.59x). Pro forma reduction and paydown improved asset coverage from 150% to 155%.
Available Liquidity Sources
Reported approximately $15 million in cash (including $10.4 million restricted) and $41.1 million of unused commitment under the revolving credit facility (with ~$8.7 million available under the borrowing base), providing near-term liquidity flexibility.
ICMB Earnings History
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
ICMB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 13, 2026 | $1.51 | $1.44 | -4.95% |
Feb 16, 2026 | $3.08 | $3.08 | 0.00% |
Nov 13, 2025 | $2.49 | $2.61 | +4.82% |
Nov 13, 2025 | $2.49 | $2.61 | +4.82% |
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 Investcorp Credit Management BDC, Inc. Registered (ICMB) report earnings?
Investcorp Credit Management BDC, Inc. Registered (ICMB) is schdueled to report earning on Sep 21, 2026, After Close (Confirmed).
What is Investcorp Credit Management BDC, Inc. Registered (ICMB) earnings time?
Investcorp Credit Management BDC, Inc. Registered (ICMB) earnings time is at Sep 21, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is ICMB EPS forecast?
Currently, no data Available