Aajan/iStock via Getty Images
Goldman Sachs BDC (NYSE:GSBD) Q4 earnings came in stronger than expected as a rise in interest rates during the quarter helped drive total investment income higher. GSBD drifted higher by 1.3% in Thursday after-hours trading.
Net investment income per share of $0.66, exceeding the average analyst estimate of $0.51, increased from $0.60 in the prior quarter.
Total investment income of $106.5M for the three months ended Dec. 31, 2022, surpassing the $102.01M consensus, $95.2M for the three months ended Sept. 30, 2022.
Net asset value was $14.61 per share at Dec. 31, 2022, vs. $15.02 at the end of Q3.
Pretax net expenses were $36.9M compared with $33.2M in Q3. The increase was mostly driven by a rise in interest and other debt expenses.
During the quarter, the business development company made new investment commitments of $47.9M, funded new investment commitments of $28.6M, and had fundings of previously unfunded commitments of $68.2M.
Conference call on Feb. 24 at 9:00 a.m. ET.
Earlier, Goldman Sachs BDC NII of $0.66 beats by $0.15, total investment income of $106.5M beats by $4.49M.
