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BCP Investment Corporation Announces Third Quarter 2025 Financial Results
Globenewswire· 2025-11-06 21:05
Core Insights - BCP Investment Corporation reported a 50.0% increase in total investment income to $18.9 million for Q3 2025, compared to $12.6 million in Q2 2025, and a 94.2% increase in net investment income to $8.8 million ($0.71 per share) from $4.6 million ($0.50 per share) in the previous quarter [1][5][9] - The company announced a quarterly base distribution of $0.47 per share, payable on November 25, 2025 [1][10] - A modified Dutch Auction tender offer of $9.0 million is set to launch, with expectations of repurchasing up to 10% of the company's outstanding common stock by year-end [1][6][8] Financial Performance - Total investment income for Q3 2025 was $18.9 million, with core investment income at $15.3 million, compared to $12.6 million in Q2 2025 [5][11] - Net asset value (NAV) increased by 40.4% to $231.3 million ($17.55 per share) as of September 30, 2025, from $164.7 million ($17.89 per share) at the end of Q2 2025 [5][11] - The investment portfolio at fair value as of September 30, 2025, was $539.7 million, comprising 116 different portfolio companies [11][12] Debt and Financing - The company issued $35.0 million of 7.50% notes due 2028 and $75.0 million of 7.75% notes due 2030, with interest payable semi-annually [5][10] - As of September 30, 2025, the company had approximately $324.6 million in outstanding borrowings, with a current weighted average interest rate of 6.1% [17][18] - The company plans to redeem $108.0 million of its 4.875% notes due 2026, with redemption expected on November 13, 2025 [5][10] Strategic Initiatives - The merger with Logan Ridge Finance Corporation on July 15, 2025, has enhanced the company's scale, portfolio diversification, and operational efficiencies [2][7] - Management emphasized a focus on disciplined capital allocation and maintaining a high-quality portfolio to drive long-term value for shareholders [10][11] - The company aims to narrow the discount to NAV through share repurchases and the tender offer [8][9]
Popular Q2 Earnings Beat on Strong NII & Fee Income Growth Y/Y
ZACKS· 2025-07-24 17:06
Core Viewpoint - Popular, Inc. (BPOP) reported strong second-quarter 2025 adjusted earnings per share (EPS) of $3.09, exceeding expectations and showing growth from the previous year [1][10] Financial Performance - The company's net income on a GAAP basis was $210.4 million, reflecting an 18.4% increase year over year [2] - Total quarterly revenues reached $800 million, a 9% increase from the same quarter last year [3] - Net interest income (NII) was $631.5 million, up 11.1% year over year, with the net interest margin expanding by 27 basis points to 3.49% [3] - Non-interest income increased by 1.3% year over year to $168.5 million, driven by higher service charges and net gains on equity securities [4] Expenses and Provisions - Total operating expenses rose by 4.9% year over year to $492.7 million, primarily due to increased personnel costs and business promotion [4][10] - Provisions for credit losses were $48.9 million, up 4.6% from the prior year [6] Loans and Deposits - Total loans held-in-portfolio increased by 2.5% sequentially to $37.4 billion, while total deposits rose by 2.1% to $67.2 billion [5] Credit Quality - Non-performing assets decreased by 13.1% year over year to $357.7 million, with a non-performing assets to total assets ratio of 0.47% [6] Capital Ratios - As of June 30, 2025, the Common Equity Tier 1 capital ratio and Tier 1 capital ratio were 15.91% and 15.96%, respectively, down from 16.48% and 16.54% in the previous year [7] Share Repurchase - In the reported quarter, the company repurchased 1,136,390 shares of common stock for $112 million [8] Strategic Positioning - The company is positioned to benefit from business transformation efforts and modernization of customer channels, with an increase in loans and deposits strengthening its balance sheet [11]
Logan Ridge Finance Corporation Schedules First Quarter 2025 Earnings Release and Conference Call
Globenewswire· 2025-04-03 20:05
Core Viewpoint - Logan Ridge Finance Corporation is set to release its financial results for Q1 2025 on May 8, 2025, and will host a conference call on May 9, 2025, to discuss these results [1]. Group 1: Financial Results Announcement - The financial results for the first quarter ended March 31, 2025, will be released after market close on May 8, 2025 [1]. - A conference call to discuss the financial results is scheduled for May 9, 2025, at 11:00 a.m. ET [1]. Group 2: Conference Call Access - Participants can access the conference call by dialing (646) 307-1963 approximately 10 minutes prior to the start and using conference ID 8145997 [2]. - A replay of the conference call will be available until May 16, 2025 [2]. Group 3: Webcast Information - A live audio webcast of the conference call will be available on a listen-only basis at the provided URL [3]. - The online archive of the webcast will be accessible shortly after the call on the company's website under the Investor Resources section [3]. Group 4: Company Overview - Logan Ridge Finance Corporation is a publicly traded, externally managed investment company regulated as a business development company under the Investment Company Act of 1940 [4]. - The company primarily invests in first lien loans, with some investments in second lien loans and equity securities issued by lower middle market companies [4]. - Logan Ridge is externally managed by Mount Logan Management, LLC, a subsidiary of Mount Logan Capital Inc., which are both affiliates of BC Partners Advisors L.P. [4]. Group 5: Additional Information - The company's filings with the SEC, earnings releases, press releases, and other financial information can be found on its website [5].