LOS ANGELES, Feb. 04, 2025 (GLOBE NEWSWIRE) -- Crescent Capital BDC, Inc. (“Crescent BDC”) (NASDAQ: CCAP) today announced it will release its financial results for the fourth quarter and fiscal year ended December 31, 2024 on Wednesday, February 19, 2025 after market close. Crescent BDC invites all interested persons to attend its webcast/conference call on Thursday, February 20, 2025 at 12:00 p.m. Eastern Time to discuss its fourth quarter and year ended December 31, 2024 financial results. Conference Call ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Crescent Capital BDC (CCAP) , which belongs to the Zacks Financial - SBIC & Commercial Industry industry.This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 7%.For the last reported quarter, Crescent Capital BDC came out with earnings of $0.6 ...

Investors might want to bet on Crescent Capital BDC (CCAP) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.The ...

I recently co-authored: My Top 10 BDCs for 2025 here on Seeking Alpha. While the list focused on their quality in lieu of their valuations, there were some BDCs I considered quality that I had to leave off theContributing analyst to the iREIT+Hoya Capital investment group. The Dividend Collectuh is not a registered investment professional nor financial advisor and these articles should not be taken as financial advice. This is for educational purposes only and I encourage everyone to do their own due dilige ...

Core Insights - Crescent Capital BDC (NASDAQ: CCAP) has seen its stock price increase by over 4.6% since the last coverage, resulting in a total return of over 7.4% [1] Company Overview - The focus of the analysis is on dividend investing as a means to achieve financial freedom, emphasizing its accessibility and potential for long-term wealth building [1] - The author has extensive experience in M&A and business valuation, which informs the analysis of CCAP and similar investments [1] Investment Strategy - The article highlights the importance of dividends in generating cash flow and building a solid financial foundation [1] - The author aims to share insights and experiences to make dividend investing more approachable for investors [1]

When it comes to measuring the success of BDCs, I believe that NAV growth and dividend consistency are two of the most important metrics. NAV growth indicates a healthy underlying strategy when it comes toFinancial analyst by day and a seasoned investor by passion, I've been involved in the world of investing for over 10 years and honed my skills in analyzing lucrative opportunities within the market.I specialize in uncovering strategies to utilize various investment vehicles - seeking out high quality divi ...

Crescent Capital BDC, Inc. Quarterly Earnings Presentation September 30, 2024 Disclaimer and Forward-Looking Statement 2 This presentation (the "Presentation") has been prepared by Crescent Capital BDC, Inc. (together with its consolidated subsidiaries, "CCAP," "Crescent BDC" or the "Company") and may be used for informational purposes only. This Presentation contains summaries of certain financial and statistical information about the Company and should be viewed in conjunction with the Company's most rece ...

Financial Data and Key Metrics Changes - Net investment income (NII) was reported at $0.64 per share, translating to an annualized NII return on equity of 12.6% [6] - Total investment income increased to $51.6 million, a 5% increase from $49.0 million in the prior quarter [28] - Net asset value (NAV) per share decreased by $0.10 to $20.20, primarily due to net unrealized marks [8] Business Line Data and Key Metrics Changes - The investment portfolio totaled approximately $1.6 billion at fair value, with 90% consisting of first-lien loans, unchanged from the prior quarter [9][10] - The weighted average yield of income-producing securities at cost decreased to 11.6% [22] - Non-accrual investments represented 1.7% of total debt investments at cost and 0.9% at fair value [14] Market Data and Key Metrics Changes - Deal activity in Q3 was driven by lower borrowing costs and strong economic conditions, with refinancings and recapitalizations making up almost 50% of overall volume [15] - The weighted average interest coverage of portfolio companies improved to 1.8 times, compared to 1.7 times in the previous two quarters [24] Company Strategy and Development Direction - The company continues to focus on non-cyclical industries and maintains a diversified portfolio across 20 broad industry categories [10] - Management expressed optimism about increased deal activity in 2025, driven by recent rate cuts and a favorable market reaction to the presidential election results [15][16] Management's Comments on Operating Environment and Future Outlook - Management noted that while the market for M&A has been slow, they expect an acceleration in activity as sponsors seek to monetize investments [48] - The company remains confident in the strong performance of its portfolio and the ability to deliver attractive risk-adjusted returns to shareholders [40] Other Important Information - The company declared a supplemental dividend of $0.07 per share, alongside a regular dividend of $0.42 per share, resulting in an approximately 10% annualized dividend yield [7] - The debt-to-equity ratio improved from 1.18 times to 1.15 times, remaining within the target leverage range [34] Q&A Session Summary Question: Clarification on non-recurring income - Management acknowledged that approximately $3 million of non-recurring income should not be factored into future expectations [42][45] Question: Outlook for remaining First Eagle assets - Management indicated that the pace of monetization for the remaining First Eagle assets is expected to accelerate due to improved market conditions [48] Question: Expectations for 2025 activity levels - Management expressed optimism for increased activity in 2025 but noted that it may not reach the levels seen in 2021 due to different market conditions [56][57] Question: Future acquisition goals - Management stated that they are open to additional M&A opportunities but emphasized the importance of measured growth [62][66] Question: Explanation of supplemental dividend cap - Management explained that the supplemental dividend is capped based on unrealized changes in NAV, limiting it to $0.07 this quarter [69]

Crescent Capital BDC (CCAP) came out with quarterly earnings of $0.64 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.59 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 12.28%. A quarter ago, it was expected that this company would post earnings of $0.58 per share when it actually produced earnings of $0.59, delivering a surprise of 1.72%.Over the last four quarters, the comp ...

[Q3 2024 Earnings and Dividend Announcement](index=1&type=section&id=Crescent%20Capital%20BDC%2C%20Inc.%20Reports%20Third%20Quarter%202024%20Earnings%20Results) Crescent Capital BDC announced its Q3 2024 earnings, reporting specific per-share metrics and declaring both base and supplemental dividends [Earnings Summary](index=1&type=section&id=Earnings%20Summary) For the third quarter of 2024, Crescent Capital BDC reported a net investment income of $0.64 per share and a net income of $0.41 per share, with net asset value per share at $20.20 as of September 30, 2024 Key Earnings Metrics per Share | Metric | Value per Share | | :--- | :--- | | Net Investment Income | $0.64 | | Net Income | $0.41 | | Net Asset Value | $20.20 | [Dividend Declarations](index=1&type=section&id=Dividend%20Declarations) The Board of Directors declared a fourth-quarter 2024 base dividend of $0.42 per share and a third-quarter 2024 supplemental dividend of $0.07 per share Declared Dividends | Dividend Type | Quarter | Amount per Share | Record Date | Payment Date | | :--- | :--- | :--- | :--- | :--- | | Regular Cash Dividend | Q4 2024 | $0.42 | Dec 31, 2024 | Jan 15, 2025 | | Supplemental Cash Dividend | Q3 2024 | $0.07 | Nov 29, 2024 | Dec 16, 2024 | [Financial and Portfolio Overview](index=1&type=section&id=Financial%20and%20Portfolio%20Overview) This section provides a comprehensive overview of the company's financial performance, portfolio composition, and liquidity position [Selected Financial Highlights](index=1&type=section&id=Selected%20Financial%20Highlights) In Q3 2024, Crescent BDC's net investment income per share increased to $0.64, while net assets slightly decreased to $748.8 million and net asset value per share declined to $20.20 Selected Financial Highlights (Millions USD, except per share) | Selected Financials | Sep 30, 2024 | Jun 30, 2024 | Sep 30, 2023 | | :--- | :--- | :--- | :--- | | Total net assets | $748.8 | $752.4 | $730.3 | | Net asset value per share | $20.20 | $20.30 | $19.70 | | Investment income | $51.6 | $48.9 | $48.2 | | Net investment income | $23.5 | $21.7 | $21.7 | | Net investment income per share | $0.64 | $0.59 | $0.59 | | Net increase (decrease) in net assets from operations | $15.3 | $20.4 | $22.6 | [Portfolio & Investment Activity](index=1&type=section&id=Portfolio%20%26%20Investment%20Activity) As of September 30, 2024, the company's portfolio was valued at $1.59 billion across 183 companies, with unitranche first lien loans comprising 64.4% - In Q3 2024, the company invested **$72.7 million** and had **$92.3 million** in exits and repayments, compared to **$119.3 million** in investments and **$73.4 million** in exits in Q2 2024[2](index=2&type=chunk) Portfolio Asset Composition (Millions USD) | Portfolio Asset Types | Fair Value (Sep 30, 2024) | Percentage (Sep 30, 2024) | Fair Value (Dec 31, 2023) | Percentage (Dec 31, 2023) | | :--- | :--- | :--- | :--- | :--- | | Senior secured first lien | $401.7M | 25.2% | $429.2M | 27.0% | | Unitranche first lien | $1,023.7M | 64.4% | $973.9M | 61.5% | | Senior secured second lien | $41.8M | 2.6% | $58.2M | 3.7% | | Equity & other | $59.2M | 3.7% | $50.1M | 3.2% | | **Total investments** | **$1,591.4M** | **100.0%** | **$1,582.1M** | **100.0%** | [Results of Operations](index=2&type=section&id=Results%20of%20Operations) For the third quarter of 2024, investment income rose to $51.6 million, while net expenses increased to $28.1 million, primarily due to higher weighted average debt outstanding Key Operational Metrics (Millions USD) | Metric | Q3 2024 | Q3 2023 | Change | | :--- | :--- | :--- | :--- | | Investment Income | $51.6 | $48.2 | +$3.4M | | Net Expenses | $28.1 | $26.4 | +$1.7M | - The increase in investment income was attributed to a rise in one-time non-recurring income[4](index=4&type=chunk) - The increase in net expenses was primarily due to a higher weighted average debt outstanding[4](index=4&type=chunk) [Liquidity and Capital Resources](index=2&type=section&id=Liquidity%20and%20Capital%20Resources) As of September 30, 2024, the company maintained a solid liquidity position with $37.8 million in cash and $317.0 million available on its credit facilities Liquidity and Capital Metrics | Liquidity & Capital Metric | As of Sep 30, 2024 | | :--- | :--- | | Cash and cash equivalents | $37.8 million | | Undrawn credit capacity | $317.0 million | | Weighted average cost of debt | 6.59% | | Debt to equity ratio | 1.15x | [Financial Statements](index=3&type=section&id=Financial%20Statements) This section presents the company's consolidated financial statements, including assets, liabilities, and operational results [Consolidated Statements of Assets and Liabilities](index=3&type=section&id=Consolidated%20Statements%20of%20Assets%20and%20Liabilities) As of September 30, 2024, total assets were $1.645 billion, total liabilities were $896.2 million, and total net assets grew to $748.8 million Consolidated Balance Sheet (Thousands USD) | Balance Sheet | September 30, 2024 | December 31, 2023 | | :--- | :--- | :--- | | Investments, at fair value | $1,591,433 | $1,582,075 | | Total assets | $1,645,049 | $1,627,379 | | Total liabilities | $896,242 | $884,785 | | Total net assets | $748,807 | $742,594 | [Consolidated Statements of Operations](index=4&type=section&id=Consolidated%20Statements%20of%20Operations) For Q3 2024, total investment income was $51.6 million, resulting in a net increase in net assets from operations of $15.3 million, and $63.7 million for the nine months ended September 30, 2024 Consolidated Statement of Operations (Three Months Ended, Thousands USD) | Operations | Three Months Ended Sep 30, 2024 | Three Months Ended Sep 30, 2023 | | :--- | :--- | :--- | | Total investment income | $51,633 | $48,152 | | Net expenses | $27,437 | $26,079 | | Net investment income | $23,541 | $21,723 | | Net realized and unrealized (losses) gains | ($8,217) | $975 | | **Net increase in net assets** | **$15,268** | **$22,621** | Consolidated Statement of Operations (Nine Months Ended, Thousands USD) | Operations | Nine Months Ended Sep 30, 2024 | Nine Months Ended Sep 30, 2023 | | :--- | :--- | :--- | | Total investment income | $150,944 | $134,176 | | Net expenses | $80,930 | $73,497 | | Net investment income | $68,559 | $59,789 | | Net realized and unrealized (losses) | ($5,365) | ($7,540) | | **Net increase in net assets** | **$63,658** | **$52,979** | [Corporate Information and Disclaimers](index=2&type=section&id=Corporate%20Information%20and%20Disclaimers) This section provides details on the upcoming conference call, information about Crescent BDC and its manager, and important forward-looking statements [Conference Call Information](index=2&type=section&id=Conference%20Call) The company will host a conference call and webcast on November 12, 2024, at 12:00 p.m. Eastern Time to discuss its third-quarter financial results - A conference call to discuss Q3 2024 results is scheduled for Tuesday, November 12, 2024, at 12:00 p.m. ET, with access available via telephone or webcast[6](index=6&type=chunk)[7](index=7&type=chunk) [About Crescent BDC and Crescent Capital Group](index=6&type=section&id=About%20Crescent%20BDC%20and%20Crescent%20Capital%20Group) Crescent BDC is a business development company focused on providing capital to middle-market companies, externally managed by Crescent Capital Group, a global credit investment manager with $43 billion of assets under management - Crescent BDC's objective is to maximize total return through current income and capital appreciation by investing in middle-market companies[12](index=12&type=chunk) - The external manager, Crescent Capital Group, is a global credit investment manager with **$43 billion AUM**, specializing in below-investment-grade credit for over 30 years[13](index=13&type=chunk) [Forward-Looking Statements](index=6&type=section&id=Forward-Looking%20Statements) This press release contains forward-looking statements subject to various risks and uncertainties, with actual results potentially differing materially from those anticipated - The document includes a standard safe harbor statement, warning that forward-looking statements are not guarantees of future performance and are subject to risks such as economic conditions, competition, and geopolitical unrest[14](index=14&type=chunk)