Hercules Capital, Inc. (NYSE:HTGC) Q3 2022 Earnings Conference Call November 2, 2022 5:00 PM ET
Company Participants
Michael Hara – Managing Director-Investor Relations
Scott Bluestein – Chief Executive Officer and Chief Investment Officer
Seth Meyer – Chief Financial Officer
Conference Call Participants
Crispin Love – Piper Sandler
Kevin Fultz – JMP Securities
Ken Lee – RBC Capital Markets
Ryan Lynch – KBW
Christopher Nolan – Ladenburg Thalmann
Operator
Good day, and thank you for standing by. Welcome to the Hercules Capital Q3 2022 Earnings Conference Call. At this time all participants are in a listen-only mode. [Operator Instructions] Please be advised that today’s conference is being recorded.
I would now like to hand the conference over to your speaker today, Michael Hara, Managing Director of Investor Relations. Please go ahead.
Michael Hara
Thank you, Susan. Good afternoon, everyone, and welcome to Hercules conference call for the third quarter of 2022. With us on the call today from Hercules are Scott Bluestein, CEO and Chief Investment Officer; and Seth Meyer, CFO.
Hercules’ third quarter 2022 financial results were released just after today’s market close and can be accessed from Hercules’ Investor Relations section at investor.htgc.com. An archived webcast replay will be available on the Investor Relations web page for at least 30 days following the conference call.
During this call, we may make forward-looking statements based on our own assumptions and the current expectations. These forward-looking statements are not guarantees of future performance and should not be relied upon in making any investment decision. Actual financial results may differ from the forward-looking statements made during this call for a number of reasons, including, but not limited to, the risks identified in our annual report on Form 10-K and other filings that are publicly available on the SEC’s website. Any forward-looking statements made during this call are made only as of today’s date, and Hercules assumes no obligation to update any such statements in the future.
And with that, I will turn the call over to Scott.
Scott Bluestein
Thank you, Michael and thank you all for joining us today. Despite continued market volatility and general uncertainty around the economic and capital markets environment, Hercules Capital continued to deliver strong operating results in Q3. Our results can be summarized by strong earnings growth and momentum, improving yields, record originations and stable credit. Our record originations performance in the first half of 2022 continued with record Q3 gross debt and equity commitments of over $817 million.