Financial Performance - Crescent Capital BDC reported net investment income of $0.46 per share and net income of $0.19 per share for Q3 2025, with a net asset value (NAV) per share of $19.28[2] - Investment income for Q3 2025 was $41.4 million, a decrease from $43.0 million in Q2 2025, primarily due to a decline in interest income[6] - Total investment income for the three months ended September 30, 2025, was $41.352 million, a decrease of 20% from $51.632 million in the same period of 2024[15] - Net investment income for the three months ended September 30, 2025, was $16.929 million, down 28% from $23.540 million in the prior year[15] - Net investment income per share (basic and diluted) for the three months ended September 30, 2025, was $0.46, down from $0.64 in the same period of 2024[15] Dividends - The company declared a fourth quarter 2025 regular cash dividend of $0.42 per share, payable on January 15, 2026[3] Investments - Total investments at fair value decreased to $1,580.7 million as of September 30, 2025, down from $1,600.7 million as of June 30, 2025[4] - The company invested $73.9 million across 7 new portfolio companies during Q3 2025, compared to $57.5 million across 3 new portfolio companies in Q2 2025[5] - The weighted average yield on income-producing securities at cost was 10.4% for Q3 2025, unchanged from Q2 2025[4] - Net realized and unrealized losses on investments for the three months ended September 30, 2025, amounted to $9.827 million, compared to losses of $8.216 million in the same period of 2024[15] Expenses - Total net expenses for Q3 2025 were $24.5 million, down from $26.1 million in Q2 2025[7] - Total expenses for the three months ended September 30, 2025, were $24.165 million, a decrease of 12% from $27.544 million in the same period of 2024[15] Assets and Liabilities - As of September 30, 2025, the company had $27.8 million in cash and cash equivalents and $239.8 million of undrawn capacity on its credit facilities[8] - The debt to equity ratio was 1.23x as of September 30, 2025[8] Net Assets - The company had a net increase in net assets resulting from operations of $7.1 million for Q3 2025[4] - The net increase in net assets resulting from operations for the three months ended September 30, 2025, was $7.102 million, compared to $15.268 million in the same period of 2024[15] Company Overview - Crescent BDC manages over $48 billion in assets, focusing on below investment grade credit through various debt securities[17] - Crescent BDC aims to maximize total return for stockholders through capital solutions for middle market companies with strong growth prospects[16] - The company is externally managed by Crescent Cap Advisors, LLC, a subsidiary of Crescent[16] - Crescent BDC has elected to be regulated as a business development company under the Investment Company Act of 1940[16]

Core Insights - Crescent Capital BDC reported net investment income of $0.46 per share and net income of $0.19 per share for the quarter ended September 30, 2025, with a net asset value (NAV) per share of $19.28 [1][3] Financial Performance - Total investments at fair value decreased to $1,580.7 million as of September 30, 2025, from $1,600.7 million in June 2025 and $1,591.4 million in September 2024 [3] - Total assets were $1,627.6 million, down from $1,654.4 million in June 2025 and $1,645.0 million in September 2024 [3] - Total net assets decreased to $714.1 million from $724.7 million in June 2025 and $748.8 million in September 2024 [3] - Investment income fell to $41.4 million from $43.0 million in the previous quarter, with interest income decreasing to $38.8 million [3][4] - Net realized losses were $5.0 million, compared to losses of $2.9 million in the previous quarter [3][4] Dividend Declarations - The Board declared a fourth quarter 2025 regular cash dividend of $0.42 per share, payable on January 15, 2026, to stockholders of record as of December 31, 2025 [2] Portfolio & Investment Activity - As of September 30, 2025, the company had investments in 187 portfolio companies, with an aggregate fair value of $1,580.7 million [4] - The company invested $73.9 million across 7 new portfolio companies during the quarter, with $86.0 million in exits, sales, and repayments [5][4] Liquidity and Capital Resources - As of September 30, 2025, the company had $27.8 million in cash and cash equivalents and $239.8 million of undrawn capacity on its credit facilities [7] - The weighted average cost of debt was 5.99%, with a debt to equity ratio of 1.23x [7] Conference Call - A conference call is scheduled for November 13, 2025, to discuss the financial results for the quarter ended September 30, 2025 [8]

Investment Performance - As of September 30, 2025, the total investments at fair value amounted to $1,580.7 million, a slight decrease from $1,598.9 million as of December 31, 2024[349]. - The weighted average yield on income-producing securities (at cost) was 10.4% as of September 30, 2025, compared to 10.9% as of December 31, 2024[350]. - The company made new investments totaling $73.9 million for the three months ended September 30, 2025, compared to $72.7 million for the same period in 2024[350]. - Proceeds from investments sold or repaid totaled $86.0 million for the three months ended September 30, 2025, compared to $92.3 million for the same period in 2024[350]. - The portfolio comprised 187 companies as of September 30, 2025, an increase from 185 companies as of December 31, 2024[350]. - Total investment income for the three months ended September 30, 2025, was $41.4 million, a decrease from $51.6 million in the same period of 2024[357]. - Net investment income for the nine months ended September 30, 2025, was $50.4 million, compared to $68.5 million in 2024[357]. - For the three months ended September 30, 2025, net investment income was $16.9 million or $0.46 per share, a decrease from $23.5 million or $0.64 per share in the same period of 2024[370]. - For the nine months ended September 30, 2025, net investment income was $50.4 million or $1.36 per share, down from $68.5 million or $1.85 per share in 2024[370]. Debt and Financing - 97.4% of the debt in the portfolio bore a floating rate at fair value as of September 30, 2025[350]. - The company utilizes leverage to enhance yield, with an asset coverage ratio requirement of at least 150% after borrowing[347]. - As of September 30, 2025, total performing debt investments amounted to $1,443.9 million, representing 96.7% of the amortized cost, with a fair value of $1,433.3 million, or 98.4% of fair value[351]. - Non-accrual debt investments increased to 3.3% of total debt investments at cost and 1.6% at fair value as of September 30, 2025, compared to 2.2% and 0.9% respectively as of December 31, 2024[352]. - Interest income decreased from $47.8 million for the three months ended September 30, 2024, to $38.8 million for the same period in 2025, primarily due to a decline in benchmark rates[358]. - Total net expenses for the three months ended September 30, 2025, were $24.5 million, down from $28.1 million in 2024[362]. - Interest and other debt financing costs decreased to $13.9 million for the three months ended September 30, 2025, from $16.1 million in 2024, due to lower benchmark rates[363]. - The combined weighted average interest rate of aggregate borrowings for the nine months ended September 30, 2025, was 6.52%, down from 7.23% in 2024[379]. - Total debt as of September 30, 2025, was $1,121.6 million, an increase from $881.8 million in December 2024[377]. - The asset coverage ratio was 180% as of September 30, 2025, down from 183% as of December 31, 2024[397]. - The company had notional exposure to foreign currency forward contracts totaling £16.9 million, CHF 18.7 million, AUD $44.8 million, and SEK 11.6 million as of September 30, 2025[409]. Regulatory Compliance - The company is required to invest at least 70% of its assets in qualifying assets as per the 1940 Act[337]. - The company was in compliance with asset coverage requirements under the 1940 Act as of September 30, 2025[376]. Management and Fees - The management fees and incentive fees paid to the Adviser are significant components of the company's operating expenses[343]. - Management fees for the nine months ended September 30, 2025, were $15.3 million, slightly up from $15.0 million in the same period of 2024[364]. Losses and Dividends - The company recorded a net realized loss on investments of $5.0 million for the three months ended September 30, 2025[357]. - Net realized losses on investments for the three months ended September 30, 2025, were $(5.0) million, compared to realized gains of $3.8 million in 2024[371]. - A regular fourth quarter cash dividend of $0.42 per share was declared, payable on January 15, 2026[400]. Cash and Commitments - As of September 30, 2025, the company had $27.8 million in cash and cash equivalents and $239.8 million of undrawn capacity on credit facilities[375]. - Aggregate unfunded commitments totaled $212.5 million as of September 30, 2025, unchanged from December 31, 2024[398].

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for Crescent Capital BDC (CCAP) due to lower revenues, with a focus on how actual results compare to estimates impacting stock price [1][2]. Earnings Expectations - The upcoming earnings report is expected on November 12, with a consensus EPS estimate of $0.47, reflecting a year-over-year decrease of 26.6%. Revenues are projected at $42.42 million, down 17.8% from the previous year [3][4]. - The consensus EPS estimate has been revised down by 4.17% over the last 30 days, indicating a bearish sentiment among analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates a negative Earnings ESP of -1.43% for Crescent Capital BDC, suggesting analysts have become more pessimistic about the company's earnings prospects [12]. - The stock currently holds a Zacks Rank of 4, making it challenging to predict an earnings beat [12]. Historical Performance - In the last reported quarter, Crescent Capital BDC met the expected EPS of $0.46, resulting in no surprise. Over the past four quarters, the company has only beaten consensus EPS estimates once [13][14]. Comparison with Industry Peers - Blackstone Secured Lending Fund (BXSL), another player in the same industry, is expected to report an EPS of $0.8, indicating a year-over-year decline of 12.1%. Its revenues are projected to be $351.28 million, up 2.4% from the previous year [18][19]. - Blackstone Secured Lending Fund has a positive Earnings ESP of +4.18% and a Zacks Rank of 3, suggesting a higher likelihood of beating the consensus EPS estimate [19][20].

Core Viewpoint - KBRA assigns a BBB rating to Crescent Capital BDC, Inc.'s senior unsecured notes, indicating a stable outlook for the company [1] Group 1: Rating Details - The company has three senior unsecured notes: $67.5 million at 5.87% due 2029, $50 million at 5.97% due 2029, and $67.5 million at 6.20% due 2031 [1] - The rating outlook for these notes is classified as Stable [1] Group 2: Use of Funds - The funds raised from these notes will be utilized to repay maturing unsecured debt [1] Group 3: Credit Considerations - The ratings are bolstered by the company's affiliation with its credit investment platform, Crescent Capital Group [1]

Core Points - Crescent Capital BDC, Inc. will release its financial results for Q3 2025 on November 12, 2025, after market close [1] - A conference call to discuss the financial results will take place on November 13, 2025, at 12:00 p.m. Eastern Time [1][2] - The conference call will be accessible via a live webcast on the company's website and through a toll-free number [2] - A replay of the earnings call will be available on the Investor Relations section of the company's website [3] Company Overview - Crescent BDC is a business development company focused on maximizing total returns for stockholders through current income and capital appreciation [4] - The company provides capital solutions to middle market companies with strong growth prospects [4] - Crescent BDC is externally managed by Crescent Cap Advisors, LLC, a subsidiary of Crescent Capital Group LP [4] - Crescent Capital Group LP manages over $48 billion in assets and specializes in below investment grade credit [5] - The firm has over 30 years of experience in investing in marketable and privately originated debt securities [5]

Core Insights - Crescent Capital BDC, Inc. (NASDAQ: CCAP) is structured as a business development company focused on generating attractive total returns from its debt investment portfolio [1] - The company lends capital to businesses, aiming to create a hybrid investment strategy that combines growth and income [1] Company Overview - Crescent Capital BDC, Inc. operates as a business development company, which is designed to provide financing to small and mid-sized businesses [1] - The company emphasizes the importance of high-quality dividend stocks and other assets that offer long-term growth potential [1] Investment Strategy - The investment approach includes a mix of classic dividend growth stocks, Business Development Companies, REITs, and Closed-End Funds to enhance investment income [1] - The strategy aims to achieve total returns comparable to traditional index funds, specifically the S&P [1]

Company Overview - Crescent Capital BDC, Inc. (NASDAQ: CCAP) is structured as a business development company focused on generating attractive total returns from its portfolio of debt investments [1] Investment Strategy - The company lends capital to businesses, aiming to create a hybrid investment strategy that combines growth and income [1] - The approach includes a mix of classic dividend growth stocks, Business Development Companies, REITs, and Closed End Funds to enhance investment income while achieving total returns comparable to traditional index funds like the S&P [1]

Company Overview - Crescent Capital BDC, Inc. (NASDAQ: CCAP) has experienced a significant decline in stock price, dropping over 18% since the beginning of 2025 [1] Investment Strategy - The focus on dividend investing is highlighted as a key strategy for achieving financial freedom, emphasizing its accessibility for investors [1] - The author has extensive experience in M&A and business valuation, which informs their investment decisions and insights [1] Portfolio Focus - The investment portfolio primarily includes sectors such as technology, real estate, software, finance, and consumer staples, which have been areas of professional advisory and personal investment [1]

Core Viewpoint - Crescent Capital BDC, Inc. (NASDAQ: CCAP) has experienced a significant decline in stock price, dropping over 18% since the beginning of 2025, although this negative performance is somewhat mitigated by dividends [1] Company Insights - The company focuses on dividend investing as a strategy for financial stability and growth, which is highlighted as an accessible path to achieving financial freedom [1] - The author emphasizes the importance of financial modeling, commercial and financial due diligence, and negotiation in assessing the health of companies within various sectors, including tech, real estate, software, finance, and consumer staples [1] Investment Strategy - Dividend investing is presented as a key component of the author's financial journey, aimed at demystifying the process for others seeking to build long-term wealth [1]