Business
MAIN STREET ANNOUNCES 2024 FOURTH QUARTER AND ANNUAL RESULTS
Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce its financial results for the fourth quarter and full year ended December 31, 2024. Unless otherwise noted or the context otherwise indicates, the terms "we," "us," "our" and the "Company" refer to Main Street and its consolidated subsidiaries.
About this update from Main Street Capital Corporation
[{"type":"text","content":"Fourth Quarter 2024 Net Investment Income of $1.02 Per Share","length":60,"tagName":"p","attribs":{}},{"type":"text","content":"Fourth Quarter 2024 Distributable Net Investment Income(1) of $1.08 Per Share","length":77,"tagName":"p","attribs":{}},{"type":"text","content":"Net Asset Value of $31.65 Per Share","length":35,"tagName":"p","attribs":{}},{"type":"text","content":"HOUSTON, Feb. 27, 2025 /PRNewswire/ -- Main Street Capital Corporation (NYSE: MAIN) ("Main Street") is pleased to announce its financial results for the fourth quarter and full year ended December 31, 2024. Unless otherwise noted or the context otherwise indicates, the terms "we," "us," "our" and the "Company" refer to Main Street and its consolidated subsidiaries.","length":427,"tagName":"p"},{"type":"text","content":"Fourth Quarter 2024 Highlights","length":30,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net investment income of $90.4 million (or $1.02 per share)","length":59,"tagName":"p"}]},{"val":[{"type":"text","content":"Distributable net investment income(1) of $95.3 million (or $1.08 per share)","length":76,"tagName":"p"}]},{"val":[{"type":"text","content":"Total investment income of $140.4 million","length":41,"tagName":"p"}]},{"val":[{"type":"text","content":"An industry leading position in cost efficiency, with a ratio of total non-interest operating expenses as a percentage of quarterly average total assets ("Operating Expenses to Assets Ratio") of 1.3% on an annualized basis","length":232,"tagName":"p"}]},{"val":[{"type":"text","content":"Net increase in net assets resulting from operations of $174.2 million (or $1.97 per share)","length":91,"tagName":"p"}]},{"val":[{"type":"text","content":"Return on equity(2) of 25.4% on an annualized basis","length":51,"tagName":"p"}]},{"val":[{"type":"text","content":"Net asset value of $31.65 per share as of December 31, 2024, representing an increase of $1.08 per share, or 3.5%, compared to $30.57 per share as of September 30, 2024","length":168,"tagName":"p"}]},{"val":[{"type":"text","content":"Declared regular monthly dividends totaling $0.75 per share for the first quarter of 2025, or $0.25 per share for each of January, February and March 2025, representing a 4.2% increase from the regular monthly dividends...