Trinity Capital

Trinity Capital, Inc. engages in operation of an internally managed specialty lending company. It offers equipment lease line of credit, senior venture loan, subordinated term loan, and refinance existing venture debt. The company's financial products include equipment financing, senior venture loan, subordinated term loan and refinance existing venture debt. Trinity Capital was founded in January 2008 by Steven L. Brown and is headquartered in Phoenix, AZ.

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Trinity Capital reports strong Q4 results and explores growth opportunities

Trinity Capital's Q4 2022 performance showcased robust growth in assets and investment income, supported by a well-structured debt portfolio.
While facing challenges with increased leverage and anticipated early repayments, the company remains optimistic about future opportunities.
Exploring new structures, dividend increases, and strategic capital allocation highlight Trinity Capital's proactive approach to growth and income generation.

Trinity Capital reports strong Q1 earnings, navigates market challenges

Trinity Capital delivered a solid Q1 performance, marked by significant growth in investment income and a strategic dividend increase. While facing market challenges and operational complexities, the company remains focused on leveraging opportunities in the VC ecosystem and strengthening its financial position.

Trinity Capital reports robust Q2 growth and eyes venture opportunities

Trinity Capital's Q2 2023 earnings call highlighted strong financial performance, dividend growth, and a focus on strategic execution. With a solid debt portfolio, ample liquidity, and a commitment to maintaining credit quality, the company is well-positioned for future growth. Opportunities in venture capital investments and life sciences sector expansion signal a promising outlook for Trinity Capital.

Trinity Capital reports robust Q3 earnings, appoints new leadership

Trinity Capital's Q3 earnings call showcased strong financial performance, dividend growth, and leadership transition. The company's robust operational performance and stable portfolio position it well for future growth. Challenges in market dynamics and capital management require strategic focus, while opportunities in the macro environment offer avenues for expansion.

Trinity Capital reports record fundings and strong portfolio management

Trinity Capital delivered a strong performance in Q4 2023, with record fundings, increased AUM, and net investment income, supported by proactive portfolio management strategies.
Despite challenges like nonaccrual portfolio companies, Trinity's strengths in liquidity, capital management, and portfolio diversification offer resilience and growth potential.
Opportunities lie in the company's robust investment pipeline, tech lending expansion, and efficient capital deployment plans, positioning Trinity for continued success in a dynamic market.

Trinity Capital excels in Q1 with strong performance and growth strategies

Trinity Capital's Q1 2024 earnings call highlighted strong financial performance, stable credit quality, and strategic growth initiatives. The company's focus on credit underwriting, unique culture, and diversified business verticals position it for continued success. Challenges lie in managing leverage effectively and mitigating risks in debt funding amidst a competitive landscape.

Trinity Capital excels in Q2 2024, eyes growth opportunities

Trinity Capital's Q2 2024 performance reflects robust financial achievements, strategic expansion, and a commitment to maintaining credit quality and shareholder value.
The company's strengths lie in its diversified business lines, strong risk management practices, and proactive approach to driving growth through strategic partnerships.
While facing challenges in managing growth and regulatory considerations, Trinity has opportunities to capitalize on its strengths, explore new markets, and enhance shareholder returns.

Trinity Capital reports record Q3 earnings, eyes European expansion

Trinity Capital delivered strong financial performance in Q3 2024, with record net investment income and dividend consistency showcasing stability and growth.
The company's strategic initiatives, unique structure, and focus on credit quality position Trinity for sustainable expansion and shareholder value creation.
While facing challenges related to rapid growth and operational transparency, Trinity has opportunities to diversify, strengthen market position, and enhance investor relations.
Overall, Trinity's performance, strengths, and opportunities outweigh the challenges, indicating a positive outlook for continued growth and value creation.

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Trinity Capital, Inc. engages in the operation of an internally managed specialty lending company. It offers equipment lease line of credit, senior venture loan, subordinated term loan, and refinance existing venture debt. The company's financial products include equipment financing, senior venture loan, subordinated term loan, and refinance existing venture debt. The company was founded by Steven L. Brown in January 2008 and is headquartered in Phoenix, AZ.

New business to provide growth capital for private-equity-backed companies PHOENIX , May 7, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-oriented companies, today announced the expansion of its business with the addition of a new Sponsor Finance vertical. This strategic expansion naturally extends the Company's established expertise in providing direct lending solutions to sponsor-backed companies across a range of industries.

Trinity Capital Inc. Launches Sponsor Finance Vertical with New Strategic Hires

Trinity Capital last hiked its base quarterly dividend by 2% and now offers a 13.8% dividend yield. TRIN has increased its base dividend for 13 consecutive quarters and is covering the current payout by 106%. TRIN's debt-to-equity ratio is within a prudent range, and the BDC's underwriting quality remains healthy.

Trinity Capital: I'm Buying This 13.8% Dividend Yield From American Venture Debt (Rating Upgrade)

Trinity Capital Inc. (NASDAQ:TRIN ) Q1 2024 Results Conference Call May 1, 2024 12:00 PM ET Company Participants Ben Malcolmson - Head of Investor Relations Kyle Brown - Executive Officer Michael Testa - Chief Financial Officer Gerry Harder - Chief Operating Officer Ron Kundich - Chief Credit Officer Sarah Stanton - Chief Compliance Officer and General Counsel Conference Call Participants Bryce Rowe - B. Riley Kyle Joseph - Jefferies Vilas Abraham - UBS Paul Johnson - KBW Casey Alexander - Compass Point Finian O'Shea - Wells Fargo Christopher Nolan - Landenburg Thalmann Operator Good afternoon.

Trinity Capital Inc. (TRIN) Q1 2024 Earnings Call Transcript

Trinity Capital (TRIN) came out with quarterly earnings of $0.52 per share, missing the Zacks Consensus Estimate of $0.55 per share. This compares to earnings of $0.52 per share a year ago.

Trinity Capital (TRIN) Q1 Earnings Lag Estimates

Record Net Investment Income of $25.2 Million in Q1 Record Total Investment Income of $50.5 Million Return on Average Equity of 16.1% PHOENIX , May 1, 2024 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced its financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights Record total investment income of $50.5 million, an increase of 21.5% year-over-year Record net investment income ("NII") of $25.2 million, or $0.54 per basic share, an increase of 30.1% year-over-year Net increase in net assets resulting from operations of $14.5 million, or $0.31 per basic share 16.1% Return on Average Equity "ROAE" (NII/Average Equity) 7.5% Return on Average Assets "ROAA" (NII/Average Assets) Net Asset Value of $626.3 million, or $12.88 per share at the end of Q1 Total gross investment commitments of $286.8 million Total gross investments funded of $242.7 million, comprised of $182.9 million across eight new portfolio companies, $57.4 million across 12 existing portfolio companies and $2.4 million into Trinity's joint venture (the "JV") Debt principal repayments of $148.5 million, including $43.4 million from early repayments on debt investments 13th consecutive increase in the regular quarterly dividend after the first-quarter distribution of $0.51 per share, an increase of 2.0% from the regular dividend declared in the fourth quarter of 2023 "Trinity's diversified investment platform continued to execute during the first quarter, delivering strong origination performance and record net investment income for our shareholders," said Kyle Brown, Chief Executive Officer of Trinity.

Trinity Capital Inc. Reports First Quarter 2024 Financial Results

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Trinity Capital is a fairly new BDC with an attractive yield and solid fundamentals to go along with it. The company has shown strong growth, beating analyst estimates and delivering record net investment income in their latest quarter. Trinity Capital is defensively positioned with a focus on first-lien, senior secured loans and an investment-grade balance sheet and well-laddered debt.

Trinity Capital: This 14.3% Yield Looks To Be A Great Long-Term Buy For Income Investors

PHOENIX , April 10, 2024 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced that it will release its first quarter 2024 financial results before market open on Wednesday, May 1, 2024. The Company will discuss its financial results on a conference call that day at 9:00 a.m.

Trinity Capital Inc. Provides Details for First Quarter 2024 Financial Results and Conference Call

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Financing provided by SVB's National Fintech Practice and Trinity Capital Inc. (Nasdaq: TRIN) SAN FRANCISCO , April 9, 2024 /PRNewswire/ -- Silicon Valley Bank (SVB) , a division of First Citizens Bank, along with lending partner Trinity Capital Inc. ("Trinity"), today announced that it has provided a $125 million warehouse facility to fintech infrastructure startup, Parafin . Recently named to the  2024 Fintech Innovation 50 , Parafin helps companies, such as marketplaces, vertical SaaS, and payment processors, launch and embed financial services for their sellers.

Parafin Secures $125 Million Warehouse Facility from Silicon Valley Bank and Trinity Capital Inc.

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Trinity Capital Inc. experienced substantial portfolio growth in 2023 despite net realized losses. The BDC is well-positioned to profit from the latest inflation update, indicating that inflation is not receding. Trinity Capital has the potential to continue raising its dividend in 2023 and return excess portfolio income to shareholders.

Trinity Capital: This 13% Yield Is Safer Than It Looks

13th Consecutive Quarter of a Dividend Increase PHOENIX , March 14, 2024 /PRNewswire/ -- Trinity Capital Inc.  (Nasdaq: TRIN) ("Trinity Capital" or the "Company"), a leading provider of diversified financial solutions to growth stage companies, today announced that on March 14, 2024, its Board of Directors declared a cash dividend of $0.51 per share with respect to the quarter ending March 31, 2024. This dividend represents an increase of 2.0% over the regular dividend declared in the prior quarter.

Trinity Capital Inc. Increases Cash Dividend to $0.51 per Share for the First Quarter of 2024

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Business development companies like Trinity Capital have benefited from the Fed's rising interest rate push.

Trinity Capital: Record Q4 2023 Earnings, 13% Dividend Yield

I am upgrading my rating to a Buy on Trinity Capital stock due to their net investment income growth and the price trading at a lower premium to NAV. Trinity Capital reported growth in loan originations and net investment income which will help support the current dividend yield of 13.9%. Trinity Capital's risk profile is well-suited to ride out rate cuts or market cycles due to their portfolio of floating rate loans.

Trinity Capital: Premium To Nav Has Come Down (Rating Upgrade)

Trinity Capital Inc. (NASDAQ:TRIN ) Q4 2023 Earnings Conference Call March 6, 2024 12:00 PM ET Company Participants Ben Malcolmson - Head of Investor Relations Kyle Brown - Chief Executive Officer Michael Testa - Chief Financial Officer Gerry Harder - Chief Operating Officer Conference Call Participants Vilas Abraham - UBS Christopher Nolan - Ladenburg Thalmann Paul Justin - KBW Bryce Rowe - B. Riley Casey Alexander - Compass Point Operator Good afternoon.

Trinity Capital Inc. (TRIN) Q4 2023 Earnings Call Transcript

Trinity Capital (TRIN) came out with quarterly earnings of $0.54 per share, missing the Zacks Consensus Estimate of $0.55 per share. This compares to earnings of $0.57 per share a year ago.

Trinity Capital (TRIN) Lags Q4 Earnings Estimates

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Record Quarterly Net Investment Income of $25.1 Million in Q4 Record Annual Net Investment Income of $89.9 Million in 2023 Return on Average Equity Hits 16.9% in Q4 PHOENIX, March 6, 2024 /PRNewswire/ -- Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth-stage companies, today announced its financial results for the fourth quarter and year ended December 31, 2023. Fourth Quarter 2023 Highlights Record total investment income of $47.8 million, an increase of 15.2% year-over-year Record net investment income ("NII") of $25.1 million, or $0.57 per basic share, an increase of 15.9% year-over-year Net increase in net assets resulting from operations of $17.7 million, or $0.40 per basic share 16.9% Return on Average Equity "ROAE" (NII/Average Equity) 8.3% Return on Average Assets "ROAA" (NII/Average Assets) Net Asset Value increased to $13.19 per share, up from $13.17 at the end of Q3 Record total gross investment commitments of $340.7 million Record total gross investments funded of $267.4 million, comprised of $220.0 million across six new portfolio companies, $47.1 million across ten existing portfolio companies and $0.3 million into the joint venture (the "JV") Debt principal repayments of $108.9 million, including $42.9 million from early repayments and refinancings, $41.4 million from scheduled/amortizing repayments and $24.6 million of assets sold to the JV 12th consecutive increase in the regular quarterly dividend after the fourth-quarter distribution of $0.50 per share, an increase of 2.0% from the regular dividend declared in the third quarter of 2023 "Trinity had a tremendous year in 2023, marked by record fundings and investment income along with continued growth in our portfolio," said Kyle Brown, Chief Executive Officer of Trinity.

Trinity Capital Inc. Reports Fourth Quarter and Full Year 2023 Financial Results

PHOENIX , March 5, 2024 /PRNewswire/ -- Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-stage companies, today announced the commitment of $50 million in equipment financing to Electric Hydrogen, a manufacturer of electrolyzer systems that produce green hydrogen for critical industries.  Electric Hydrogen's electrolyzer systems are complete chemical plants that produce green hydrogen from renewable electricity and water, allowing for the decarbonization of industrial processes such as fertilizer production, steelmaking, base chemical production, and more.

Trinity Capital Inc. Provides $50 Million in Equipment Financing to Electric Hydrogen

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