Business
Trinity Capital Inc. Reports Fourth Quarter and Full Year 2024 Financial Results
Return on Average Equity hits 17.4% in Q4 Record Quarterly Net Investment Income of $35 million, or $0.58 per share Record Annual Net Investment Income of
About this update from Trinity Capital Inc.
[{"type":"text","content":"Return on Average Equity hits 17.4% in Q4\nRecord Quarterly Net Investment Income of $35 million, or $0.58 per share\nRecord Annual Net Investment Income of $116 million, or $2.20 per share\n2024 Total Investment Income grows 31% year-over-year\nPHOENIX, Feb. 26, 2025 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) (the \"Company\"), a leading alternative asset manager, today announced its financial results for the fourth quarter and year ended December 31, 2024.\n\n \n \n \n \n \n \n\n \nFourth Quarter 2024 Highlights \nTotal investment income of $70.8 million, an increase of 48.1% year-over-yearNet investment income (\"NII\") of $34.6 million, or $0.58 per basic shareNet increase in net assets resulting from operations of $45.9 million, or $0.77 per basic share17.4% Return on Average Equity \"ROAE\" (NII/Average Equity)7.6% Return on Average Assets \"ROAA\" (NII/Average Assets)Net Asset Value of $823.0 million, or $13.35 per share at the end of Q4Total gross investment commitments of $410.6 millionTotal gross investments funded $297.3 million, comprised of $233.4 million in 9 new portfolio companies, $58.7 million in 15 existing portfolio companies and $5.2 million in multi-sector holdingsTotal investment exits and repayments of $280.6 million, including $129.0 million from early debt repayments, $16.4 million from warrant and equity sales, $58.7 million from scheduled/amortizing debt payments and $76.5 million from investments sold to multi-sector holdings20th consecutive quarter of a consistent or increased regular dividend, with a fourth quarter distribution of $0.51 per shareFull Year 2024 Highlight\nTotal investment income of $237.7 million, an increase of 30.7% year-over-yearNet investment income of $115.8 million, or $2.20 per shareTotal gross investments funded of $1.2 billion, an increase of 91.6% year-over-yearNet investment portfolio growth at cost of $440.9 million, an increase of 33.4% year-over-yearTotal platform assets under management of $2.0 billion, an increase of 40.6% year-over-yearUndistributed earnings spillover of $66.8 million, or $1.08 per share outstanding, based on total shares outstanding at Q4 2024\"Our team executed across various strategic initiatives to drive growth and deliver a milestone year in 2024,\" said Kyle Brown, Chief Executive Officer of Trinity Capital. \"Our distinct business ve...