Crescent Capital BDC Inc

Crescent BDC is a business development company that seeks to maximize the total return of its stockholders in the form of current income and capital appreciation by providing capital solutions to companies with sound business fundamentals and strong growth prospects.

Earnings data Q4 2020

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Crescent Capital BDC (CCAP) reports robust Q4 performance and growth opportunities

Crescent Capital BDC, Inc. (CCAP) demonstrated strong financial performance in Q4 2022, with notable increases in adjusted net investment income and total investment income.
The company's focus on a diversified portfolio, credit quality, and deleveraging efforts underscore its commitment to sustainable growth and shareholder value.
While facing potential challenges in market dynamics and operational integration, CCAP remains well-positioned to leverage opportunities for strategic expansion and value creation.

Crescent Capital BDC Inc (CCAP) reports Q1 growth and dividend program introduction

CCAP's Q1 2023 performance showed growth in adjusted net investment income but a decline in net asset value per share.
Introduction of a variable supplemental dividend program and focus on first lien investments highlight strategic strengths.
Challenges include managing spillover amounts, addressing analyst concerns, and navigating wider credit spreads.

Crescent Capital BDC (CCAP) achieves record earnings in Q2

Crescent Capital BDC (CCAP) delivered robust financial performance in Q2 2023, with a focus on core earnings strength and portfolio diversification. The company implemented a supplemental dividend program to enhance shareholder value and maintained a strong liquidity position.

Crescent Capital BDC reports record Q3 earnings and strategic growth

Crescent Capital BDC delivered strong financial performance in Q3 2023, reporting record net investment income and increased net asset value per share.
The company's focus on senior secured first lien loans and prudent risk management strategies contributed to its robust portfolio performance.
While facing market challenges and uncertainties, Crescent Capital BDC remains well-positioned with a solid liquidity position and attractive dividend yield.
Opportunities lie in capitalizing on market activity levels, maintaining disciplined investment strategies, and leveraging its strong liquidity for future growth.

Crescent Capital BDC excels in Q4 2023, eyes growth opportunities

Crescent Capital BDC demonstrates robust financial performance in Q4 2023, supported by a diversified investment portfolio.
Strategic focus on stable dividend payouts and maintaining a conservative balance sheet enhances investor confidence.
Optimism for future deal flow and opportunities in key sectors underpins growth prospects.

CCAP achieves record earnings and dividend growth, poised for expansion

CCAP's Q1 performance reflects strong earnings, dividend declarations, and NAV growth, underlining the company's financial strength and value creation for shareholders.
While maintaining a high-quality investment portfolio, CCAP faces challenges in sustaining yields, managing credit risks, and optimizing capital deployment amidst market dynamics.
Strategically leveraging opportunities for growth, market expansion, and investor engagement can further enhance CCAP's position and performance in the competitive landscape.
Overall, CCAP's solid financial metrics, prudent investment approach, and growth prospects position the company well for navigating market challenges and capitalizing on opportunities.

CCAP reports robust Q2 earnings, eyes growth amid market challenges

CCAP's Q2 performance reflects stability and strong financial health, supported by a defensive portfolio and disciplined investment approach.
While challenges like managing debt structures and market competition exist, opportunities in optimizing capitalization and exploring new strategies are present.
The company's focus on lower and core middle market investments provides a solid foundation for steady returns and portfolio growth.
Overall, CCAP's emphasis on stability, dividend coverage, and strategic investments positions it well for navigating market dynamics.

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Crescent Capital BDC, Inc. invests in secured and unsecured debt and related equity securities. Its primary focus is originating and investing primarily in secured debt and unsecured debt, as well as related equity securities of private U.S. middle-market companies. The company was founded on February 5, 2015 and is headquartered in Los Angeles, CA.

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LOS ANGELES, CA & BOSTON, MA--(BUSINESS WIRE)--First bullet item (following the third paragraph) of release dated February 23, 2023 should read: Consideration per share equal to FCRD's net asset value per share xxx (instead of: Consideration per share equal to CCAP's net asset value per share xxx). The updated release reads: CRESCENT CAPITAL BDC, INC. AND FIRST EAGLE ALTERNATIVE CAPITAL BDC, INC.

CORRECTING and REPLACING Crescent Capital BDC, Inc. and First Eagle Alternative Capital BDC, Inc. Announce Election Deadline for FCRD Stockholders to Elect Form of Consideration

CCAP yields 10.92%, with one of the highest dividend growth rates in the BDC industry. Rising interest rates have ramped up earnings by 25% in 2022.

Crescent Capital BDC: 11% Yield, 24% Discount, 25% Earnings Growth From Floating Rates

LOS ANGELES, CA & BOSTON, MA--(BUSINESS WIRE)--First Eagle Alternative Capital BDC, Inc. (NASDAQ: FCRD) (“FCRD”) and Crescent Capital BDC, Inc. (NASDAQ: CCAP) (“CCAP”) today announced that the deadline (the “Election Deadline”) for FCRD's stockholders of record to elect to receive cash consideration in lieu of shares of CCAP common stock in connection with the pending merger of CCAP and FCRD (the “Merger”) is 5:00 p.m., Eastern Time, on March 2, 2023.

Crescent Capital BDC, Inc. and First Eagle Alternative Capital BDC, Inc. Announce Election Deadline for FCRD Stockholders to Elect Form of Consideration

Crescent Capital BDC, Inc. (NASDAQ:CCAP ) Q4 2022 Earnings Conference Call February 23, 2023 12:00 PM ET Company Participants Dan McMahon – Vice President and Head-Investor Relations Jason Breaux – Chief Executive Officer and President Henry Chung – Managing Director Gerhard Lombard – Chief Financial Officer Conference Call Participants Robert Dodd – Raymond James Operator Good afternoon, ladies and gentlemen, and welcome to the Q4 2022 Crescent Capital BDC, Inc. Earnings Conference Call. [Operator Instructions] This call is being recorded on Thursday, February 23, 2023.

Crescent Capital BDC, Inc. (CCAP) Q4 2022 Earnings Call Transcript

Crescent Capital BDC (CCAP) delivered earnings and revenue surprises of 11.36% and 7.58%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Crescent Capital BDC (CCAP) Q4 Earnings and Revenues Top Estimates

LOS ANGELES, Feb. 22, 2023 (GLOBE NEWSWIRE) -- Crescent Capital BDC, Inc. (“Crescent BDC” or “Company”) (NASDAQ: CCAP) today reported net investment income of $59.7 million, or $1.93 per share, and adjusted net investment income of $53.4 million, or $1.73 per share, for the year ended December 31, 2022. For the quarter ended December 31, 2022, net investment income was $16.1 million, or $0.52 per share, and adjusted net investment income was $15.0 million, or $0.49 per share.1 Reported net asset value per share was $19.83 at December 31, 2022.

Crescent Capital BDC, Inc. Reports December 31, 2022 Financial Results; Declares a First Quarter 2023 Regular Dividend of $0.41 per Share

LOS ANGELES, Feb. 09, 2023 (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, 2022 on Wednesday, February 22, 2023 after market close. Crescent BDC invites all interested persons to attend its webcast/conference call on Thursday, February 23, 2023 at 12:00 p.m. Eastern Time to discuss its fourth quarter and fiscal year ended December 31, 2022 financial results.

Crescent Capital BDC, Inc. Schedules Earnings Release and Conference Call to Discuss its Fourth Quarter and Fiscal Year Ended December 31, 2022 Financial Results

Crescent Capital is an underfollowed BDC that currently trades at a material discount to NAV. It's benefiting from higher interest rates and maintains a strong balance sheet.

11%-Yielding Crescent Capital: Undervalued BDC With Upside Potential

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NEW ORLEANS--( BUSINESS WIRE )--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of First Eagle Alternative Capital BDC, Inc. (NasdaqGS: FCRD) (or the “Company”) to Crescent Capital BDC, Inc. (NasdaqGM: CCAP). Under the terms of the proposed transaction, on a market value basis, based on the closing stock price of Crescent BDC common stock on October 3, 2022 ($14.89 per share), the transaction represents total consideration for First Eagle BDC stockholders of approximately $145.6 million or $4.86 per share. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.

FIRST EAGLE ALTERNATIVE INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of First Eagle Alternative Capital BDC, Inc. - FCRD

Crescent Capital's shares are likely to rebound, as fundamental factors don't support the downtrend. The company's 90% portfolio is performing above expectations, while 89% of its portfolio loans are secured or first-lien loans.

Crescent Capital Offers A Buying Opportunity For Hefty Dividends And Price Gains

Crescent Capital BDC, Inc. (NASDAQ:CCAP ) Q3 2022 Earnings Conference Call November 10, 2022 12:00 PM ET Company Participants Dan McMahon – Head-Investor Relations Jason Breaux – President and Chief Executive Officer Henry Chung – Senior Vice President Gerhard Lombard – Chief Financial Officer Conference Call Participants Operator Good day and thank you for standing by. Welcome to the Crescent Capital BDC, Inc.'s Third Quarter Ended September 30, 2022 Earnings Conference Call.

Crescent Capital BDC, Inc. (CCAP) Q3 2022 Earnings Call Transcript

Crescent Capital BDC (CCAP) delivered earnings and revenue surprises of -2.33% and 0.11%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Crescent Capital BDC (CCAP) Misses Q3 Earnings and Revenue Estimates

LOS ANGELES, Nov. 09, 2022 (GLOBE NEWSWIRE) -- Crescent Capital BDC, Inc. (“Crescent BDC” or “Company”) (NASDAQ: CCAP) today reported net investment income of $16.0 million, or $0.52 per share, and adjusted net investment income of $13.0 million, or $0.42 per share,1 for the quarter ended September 30, 2022. Reported net asset value per share was $20.16 at September 30, 2022.

Crescent Capital BDC, Inc. Reports Third Quarter 2022 Financial Results; Declares a Fourth Quarter 2022 Regular Dividend of $0.41 per Share

Crescent Capital BDC (CCAP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Crescent Capital BDC (CCAP) to Report a Decline in Earnings: What to Look Out for

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LOS ANGELES, Oct. 17, 2022 (GLOBE NEWSWIRE) -- Crescent Capital BDC, Inc. (“Crescent BDC”) (NASDAQ: CCAP) today announced it will release its financial results for the third quarter ended September 30, 2022 on Wednesday, November 9, 2022 after market close. Crescent BDC invites all interested persons to attend its webcast/conference call on Thursday, November 10, 2022 at 12:00 p.m. Eastern Time to discuss its third quarter ended September 30, 2022 financial results.

Crescent Capital BDC, Inc. Schedules Earnings Release and Conference Call to Discuss its Third Quarter Ended September 30, 2022 Financial Results

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LOS ANGELES and BOSTON, Oct. 04, 2022 (GLOBE NEWSWIRE) -- Crescent Capital BDC, Inc. (“Crescent BDC” or the “Company”) (NASDAQ: CCAP) and First Eagle Alternative Capital BDC, Inc. (“First Eagle BDC”) (NASDAQ: FCRD) announced today that they have entered into a definitive merger agreement (the “Merger Agreement”) under which Crescent BDC will acquire First Eagle BDC (the “Transaction”). The combined company, which will remain externally managed by Crescent Cap Advisors, LLC, a subsidiary of Crescent Capital Group (“Crescent”), is expected to have approximately $1.6 billion of investments on a pro forma basis. The boards of directors of both companies, the independent directors of First Eagle BDC and the independent directors of Crescent BDC have approved the Transaction, which is expected to close as early as the fourth quarter of 2022.

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CCAP yields 9.26% and goes ex-dividend on 9/29/22. It has one of the highest dividend growth rates in the BDC industry. It's selling at a 14.4% discount to NAV/Share, much cheaper than BDC avgs., and its P/NII is also much lower than avg.

Crescent Capital BDC: 9% Yield, 14% Discount To NAV, High Dividend Growth Rate

Crescent Capital BDC (CCAP) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Crescent Capital BDC (CCAP) Upgraded to Buy: Here's What You Should Know

Crescent Capital BDC (CCAP) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

News for Crescent Capital BDC Inc ETF (CCAP)