Crescent Capital BDC Inc (NAS:CCAP)

Q3 2025 Crescent Capital BDC Inc Earnings Call Transcript

Nov 13, 2025 / 05:00 PM GMT

Release Date Price: $13.59 (-4.50%)

Transcript 8-K10-Q

Key Points

Positve

Crescent Capital BDC Inc (CCAP) reported net investment income of $0.46 per share, maintaining a stable annualized NII yield of 9.5%.
The company achieved 110% base dividend coverage for the quarter, indicating earnings in excess of the dividend.
Crescent Capital BDC Inc (CCAP) has a highly diversified portfolio with approximately 1.6 billion in investments across 187 companies.
The company maintains a strong focus on domestic service-oriented businesses, mitigating risks associated with tariffs and policy changes.
Crescent Capital BDC Inc (CCAP) has a demonstrated record of alignment with shareholders, supported by a stable dividend history and strategic advisor support.

Negative

Net asset value decreased from $19.55 to $19.28 per share due to unrealized and realized losses from certain portfolio companies affected by tariffs.
The company experienced higher net realized and unrealized losses, impacting net income for the quarter.
Tariff impacts accounted for significant unrealized losses, with two investments collectively accounting for $0.15 per share in losses.
The competitive environment in the core and lower middle market has led to spread compression, affecting investment yields.
Crescent Capital BDC Inc (CCAP) faces potential earnings pressure from a lower base rate environment, which may reduce portfolio yields.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CCAP.OQ - Crescent Capital BDC Inc
Q3 2025 Crescent Capital BDC Inc Earnings Call
Nov 13, 2025 / 05:00PM GMT

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Presentation
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Unidentified_1 [1]
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And welcome to the Crescent Capital BDC Inc. Third quarter ended September 30th, 2025 earnings conference call.

After the speaker's remarks, there will be a question-and-answer session. At that time, if you would like to ask a question, press 1 on your telephone keypad. If you would like to remove your question, press one again.

Please note that Crescent Capital BDC Inc may be referred to as CAP, Crescent BDC, or the company throughout the call. I'll start with some important reminders.

Comments made over the course of this conference call and webcast may contain forward-looking statements and are subject to risks and uncertainties.

The company's actual results could differ materially

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