Hercules Capital, Inc.HTGC
▲ PositiveCapitalrelevance
Record Q2 originations, investment income, and NII beat expectations, with higher revenue and net income.
Impact on stocks 1
Financials
Hercules Capital, Inc.Hercules Capital reported record second-quarter 2026 originations, investment income, and net investment income, alongside higher revenue and net income, with early loan repayments running ahead of guidance. Management highlighted steady portfolio credit quality, strong liquidity, and ongoing contributions from the private credit business. The stock rose 3.01% on the day of the release and 4.39% over the following week, though it remains down 12.94% year to date. The most followed narrative pegs fair value at $19.36 against a last close of $16.42, implying a 15.2% undervaluation, driven by compounding earnings, resilient margins, and a richer future earnings multiple, while noting risks from competition and early prepayments.
Hercules Capital, Inc.Record Q2 originations, investment income, and NII beat expectations, with higher revenue and net income.