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Bain Capital Specialty Finance, Inc. — Third Quarter 2026 Earnings Summary

  • Net investment income (NII) declined to $27.7 million ($0.43/share) from $28.6 million ($0.44/share) in Q2 2026, while net income per share rose to $0.26 from $0.22; total investment income fell to $59.9 million from $62.3 million, and the company reported $11.0 million in net realized and unrealized losses.
  • Net asset value (NAV) per share decreased to $16.49 from $16.65, and total fair value of investments dropped to $2,270.3 million from $2,363.6 million, though the weighted average yield on the portfolio at amortized cost increased to 11.2% from 10.8%.
  • Management indicated yields are rising as floating rate loans reset and new deals fund at attractive spreads, viewing the current environment as creating compelling opportunities in the core middle market.
  • The Board declared a Q4 2026 dividend of $0.42 per share, and the company increased its senior secured revolving credit facility commitments with Sumitomo Mitsui Banking Corporation to $955.0 million from $855.0 million.
Company
BAIN CAPITAL SPECIALTY FINANCE INC
Sector
Financial Services
Industry
Asset Management