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Palmer Square Capital BDC Inc. (PSBD)
NYSE:PSBD
Earnings Data
Report Date
May 13, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.39Last Year’s EPS
0.4Same Quarter Last Year
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a mix of clear strengths (solid liquidity, conservative portfolio construction, high yields, low non-accruals, active balance sheet optimization, dividend coverage and platform flexibility) alongside near-term headwinds (a YoY decline in investment income, Q4 realized/unrealized losses, NAV and portfolio fair value declines, and heightened sector volatility driven by AI concerns). Management emphasized disciplined underwriting, diversification, selective deployment, and opportunistic rotation into dislocated credits. Given the company's defensive posture, ample liquidity, low credit stress metrics, and proactive balance sheet actions that mitigate the near-term impacts, the positive operational and structural attributes modestly outweigh the quarter-specific negative results and market uncertainty.Company Guidance
Strong Capital Deployment and Activity
Deployed $91.4 million of capital in Q4 2025 across 24 new commitments (average ~ $3.4M) while realizing ~$148.3 million via repayments and sales.
Dividend Coverage and Supplemental Distribution
Generated net investment income of $13.1M ($0.41 per share) in Q4, covering the $0.36 per share base dividend; paid a $0.43 total dividend including a $0.07 supplemental distribution.
Robust Yield Profile
Weighted average total yield to maturity on debt and income-producing securities was 11.30% (fair value) and 8.15% (amortized cost). New private credit loans funded at a weighted average spread of 453 basis points over the reference rate.
Conservative, Diversified Portfolio Construction
Portfolio fair value ~ $1.2B across 42 industries; 95% senior secured; 10 largest investments represent just 10.9% of the portfolio; average hold size ~$4.7M; average internal rating 3.6.
Low Credit Stress Metrics
Non-accruals remained low: 9 basis points on a fair value basis and 134 basis points on an at-cost basis. PIK income approx. 1.45% of total investment income (well below peers).
Improved Liquidity and Balance Sheet Actions
Available liquidity rose to ~$311.3M (from ~$252.8M prior quarter, ~+23%). Refinanced Wells Fargo facility: tightened spread by ~55 bps, extended maturity to Nov 2030, and increased capacity to $200M (from $175M).
Transparency and Shareholder Returns
Announced January NAV disclosure ($14.48) and remains the only publicly traded BDC with monthly NAV disclosure; Board approved an additional $5M open market share repurchase authorization and declared Q1 2026 base dividend of $0.36 per share.
Market Positioning and Platform Flexibility
Demonstrated ability to participate across private and syndicated tranches (e.g., Hologic ~$75M funded after resizing), highlighting platform flexibility amid evolving deal structures and improving sponsor engagement.
PSBD 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
PSBD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 26, 2026 | $11.02 | $10.65 | -3.36% |
Nov 05, 2025 | $11.71 | $11.80 | +0.77% |
Aug 06, 2025 | $13.09 | $13.16 | +0.53% |
May 07, 2025 | $11.52 | $11.05 | -4.08% |
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 Palmer Square Capital BDC Inc. (PSBD) report earnings?
Palmer Square Capital BDC Inc. (PSBD) is schdueled to report earning on May 13, 2026, Before Open (Confirmed).
What is Palmer Square Capital BDC Inc. (PSBD) earnings time?
Palmer Square Capital BDC Inc. (PSBD) earnings time is at May 13, 2026, Before Open (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 PSBD EPS forecast?
PSBD EPS forecast for the fiscal quarter 2026 (Q1) is 0.39.