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MSC Income Fund, Inc. (MSIF)
NYSE:MSIF
Earnings Data
Report Date
May 18, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.36Last Year’s EPS
0.38Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive operational and financial update: strong Q4 and full-year ROE, NAV appreciation, meaningful realized gains, portfolio growth (notably in private loans), an attractive dividend yield, improved expense ratio, low nonaccruals and an above-average private loan pipeline. Offsetting risks include lower interest income driven by falling benchmark rates, yield/spread compression on new loans, temporary expense pressure from a capital gains incentive-fee accrual, the multi-quarter/long-term nature of reducing the legacy lower middle market weight, and remaining work to secure new leverage facilities. On balance, the positives (solid earnings, NAV growth, realized gains, strong pipeline and shareholder return actions) outweigh the headwinds tied largely to market rates, pricing competition and timing of liquidity execution.Company Guidance
Strong Quarterly and Full-Year ROE
Q4 return on equity (ROE) of 16.3% and full-year ROE of 12.5%, reflecting strong operating performance across the portfolio.
NAV Increase and Net Asset Growth
NAV per share of $15.85 at quarter-end, up $0.31 from prior quarter, and a net increase in net assets of $30.0 million for the quarter.
Realized Gains and Fair Value Appreciation
Net increase in fair value of investments of $17.2 million in Q4, including $16.6 million of net realized gains (notable realized exits: $15.9M from private loan equity exit and $6.0M from Mystic Logistics lower middle market exit).
Robust Private Loan Activity and Growth
Invested $101 million in private loans in Q4 resulting in a net increase of $57 million; private loan portfolio fair value $809 million across 81 companies and representing 61% of total portfolio.
Private Loan Portfolio Quality and Yield
Private loan portfolio 92% secured, >99% first lien, 96% floating rate with an attractive weighted average yield of 10.7% (noting drivers below).
Lower Middle Market Portfolio Performance and Income
Lower middle market portfolio fair value $488 million across 55 companies (36% of total); Q4 follow-on investments totaled $23 million (net increase $15 million); debt/equity mix 53%/47% and debt yield >12% with average equity ownership ~8%.
Improved Operating Metrics and Coverage
Adjusted NII (ex-capital gains incentive fee and related taxes) of $17.2 million or $0.37 per share in Q4, up from $14.2M or $0.35 per share year-over-year; expense ratio improved to 1.8% (annualized) vs 2.1% prior year.
Dividend Policy and Shareholder Returns
Board declared regular dividend $0.35 and supplemental $0.01 per share payable May 1, 2026 (total $0.36); current dividend yield ~11.5% based on current stock price.
Enhanced Capital Structure Capacity
Expanded regulatory leverage capacity became effective January 29, 2026; management target leverage range under new regime of 1.15–1.25 debt-to-equity and active efforts to secure additional liquidity.
Low Nonaccruals and Diversification
Investments on nonaccrual status were only 1% of the portfolio at fair value (3.9% at cost) at year-end; total portfolio diversified across 144 companies with largest position <4% of portfolio and <4% of investment income.
MSIF 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
MSIF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | $12.50 | $12.34 | -1.28% |
Nov 13, 2025 | $12.12 | $13.13 | +8.33% |
Aug 13, 2025 | $13.98 | $14.04 | +0.43% |
May 12, 2025 | $14.53 | $14.88 | +2.41% |
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 MSC Income Fund, Inc. (MSIF) report earnings?
MSC Income Fund, Inc. (MSIF) is schdueled to report earning on May 18, 2026, After Close (Confirmed).
What is MSC Income Fund, Inc. (MSIF) earnings time?
MSC Income Fund, Inc. (MSIF) earnings time is at May 18, 2026, 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 MSIF EPS forecast?
MSIF EPS forecast for the fiscal quarter 2026 (Q1) is 0.36.