Hercules Capital, Inc. (NYSE: HTGC) announced its financial results for the third quarter ended September 30, 2024, on October 30, 2024. The company reported net investment income (NII) of $0.51 per share, which was in line with analyst estimates.
Total investment income for the quarter reached $125.2 million, marking a 7.3% increase from the third quarter of the previous year. The company also reported a net income of $68.7 million for the quarter, reflecting its operational performance.
Despite challenges in the venture capital market, Hercules Capital achieved an 18.9% return on equity. These results demonstrate the company's ability to generate robust income and maintain profitability within its specialized lending model.
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