Hercules Capital, Inc. (NYSE: HTGC) released its financial results for the fourth quarter and full-year ended December 31, 2024, on February 13, 2025. The company reported a record total investment income of $493.6 million for the full year 2024, representing a 7.1% increase from fiscal year 2023.
For the fourth quarter of 2024, the non-GAAP core yield on debt investments saw a slight decline to 12.6% from 12.9% in the prior quarter. While the full-year revenue demonstrated strong growth, the company's EPS for the full year missed expectations by 8.4%.
Despite the EPS miss, the overall performance for 2024 showcased Hercules Capital's ability to generate substantial investment income. The company's focus on senior secured venture growth loans continued to drive its financial results, contributing to its position in the specialty finance market.
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