Hercules Capital Reports Q3 2026 Growth with Record Year-to-Date Originations
Hercules Capital (HTGC) reported strong third-quarter 2026 results, highlighted by a total investment income of $140.1 million and net investment income of $87.3 million ($0.47 per share). The company's assets under management grew to $6.5 billion, representing a 17.7% year-over-year increase across its public BDC and private credit funds. Year-to-date originations reached $3.44 billion, up 20% compared to the previous year. The company maintained a defensive posture with 88.8% first lien exposure and an improved internal credit rating of 2.12. While early loan repayments fell below management guidance, the Net Asset Value (NAV) rose to $12.26 per share. Management noted competitive pressures from aggressive lenders and some uncertainty in M&A valuation timing but remains well-positioned with $506.6 million in available liquidity.
Tickers: $HTGC
Topics: assets under management earnings report loan repayments net asset value net investment income
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