Trinity Capital Inc. (TRIN) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you and welcome to Trinity Capital's first quarter 2026 earnings conference call. Speaking on today's call are Kyle Brown, Chief Executive Officer, Sarah Stanton, General Counsel and Chief Compliance Officer, Michael Testa, Chief Financial Officer, and Jerry Harder, Chief Operating Officer. Also joining us for the Q&A portion of the call is Ron Kundich, Chief Credit Officer. Earlier today, we released our financial results, which are available on our website at ir.trinitycapitol.com. Before we begin, please note that certain statements made during this call may be considered forward-looking under federal securities laws. Please review our most recent SEC filings for further information on the risks and uncertainties related to these statements. With that, allow me to turn the call over to Trinity Capital's CEO, Kyle Brown. Thanks, Ben, and thank you everyone who's joining us today. Trinity Capital continues to perform because of our diversified lending platform of five complementary verticals, our ever-expanding managed funds platform that delivers incremental income to Trinity shareholders, and our internally managed structure that ensures total alignment between investors and employees. To start off, here's some highlights from Trinity's performance during the first quarter. Our net asset value grew 7% quarter-over-quarter and 40% year-over-year to a record $1.2 billion. Platform AUM increased to more than $2.9 billion, up 36% year-over-year. Our originations engine remained robust, achieving $306 million of fundings and $396 million of commitments. We maintained strong credit, with non-accruals at 1% of the portfolio at fair value. Furthermore, I'd like to spotlight some shareholder-focused results from Q1. We're paying a $0.17 monthly dividend through the e...