Crescent Capital BDC, Inc. — Third Quarter 2026 Earnings Summary

Financial Performance:

• Reported net investment income of $0.37 per share for the quarter ended September 30, 2026, down from $0.46 per share in the same period in 2025 and up from $0.36 per share in the prior quarter (June 30, 2026).
• Reported net income of $0.27 per share for the quarter, compared to $0.19 per share in Q3 2025 and a loss of $0.09 per share in Q2 2026.
• Net asset value (NAV) per share was $17.72 as of September 30, 2026, down from $19.28 in Q3 2025 and $17.82 in Q2 2026.
• Total investment income was $36.9 million for the quarter, an increase from $36.3 million in Q2 2026 and a decrease from $41.4 million in Q3 2025.
• Net investment income was $13.7 million for the quarter, compared to $13.1 million in Q2 2026 and $16.9 million in Q3 2025.
• Net realized losses, net of taxes, were $2.1 million for the quarter, compared to $17.7 million in Q2 2026 and $5.0 million in Q3 2025.
• Net change in unrealized gains, net of taxes, was a loss of $1.5 million for the quarter, compared to a gain of $1.3 million in Q2 2026 and a loss of $4.8 million in Q3 2025.
• Total assets were $1,601.4 million as of September 30, 2026, down from $1,627.6 million in Q3 2025.
• Total net assets were $652.9 million as of September 30, 2026, down from $714.1 million in Q3 2025.
• Weighted average yield on income-producing securities was 9.6% for the quarter, down from 10.4% in Q3 2025.
• 98.2% of debt investments were at floating rates as of September 30, 2026.
• Net debt-to-equity ratio was 1.36x as of September 30, 2026.
• Weighted average cost of debt was 6.26% as of September 30, 2026.

Guidance and Future Outlook:

• No specific forward guidance or future growth targets were provided in the press release.

Business Segments and Product Lines:

• The portfolio consisted of 190 portfolio companies as of September 30, 2026.
• Investment portfolio composition as of September 30, 2026: Unitranche first lien ($1,015.8 million, 65.3%), Senior secured first lien ($375.8 million, 24.2%), Equity & other ($73.5 million, 4.7%), Unsecured debt ($28.8 million, 1.9%), Unitranche first lien - last out ($18.5 million, 1.2%), and Senior secured second lien ($14.4 million, 0.9%).
• During the quarter, the Company invested $23.5 million across three new portfolio companies and several follow-on revolver and delayed draw fundings.
• The Company had $38.7 million in aggregate exits, sales, and repayments during the quarter.
• Interest income increased to $35.6 million in the quarter from $34.7 million in the prior quarter, driven by higher benchmark rates and accelerated amortization of original issue discount (OID) and prepayment fees.
• Dividend income decreased to $0.9 million from $1.2 million in the prior quarter, primarily due to lower distributions from the Logan JV investment.

Market and Competitive Landscape:

• The modest increase in investment income was primarily driven by higher recurring interest income resulting from higher benchmark rates during the quarter.
• No specific market share data or competitor analysis was included in the press release.

Risks and Challenges:

• The press release includes a standard "Forward-Looking Statements" section noting that actual results could differ materially from anticipated results due to numerous assumptions, risks, and uncertainties.
• Specific risks identified include: future operating results, portfolio company prospects, dependence on the general economy, financial condition of portfolio companies, ability to obtain financing, timing of cash flows, increased competition, conflicts of interest, changes in law and policy, geopolitical unrest, interest rate volatility, foreign exchange rates, unfavorable legal proceedings, and changes to tax legislation.

Management Commentary and Tone:

• Management highlighted that the modest increase in investment income was driven by higher benchmark rates.
• No direct quotes from management were included in the press release text provided.

Analyst Questions and Answers:

• No analyst questions and answers section was included in the press release text provided.

Other Key Points:

• The Board declared a fourth quarter 2026 regular cash dividend of $0.34 per share, payable on January 15, 2027.
• A previously announced third and final special dividend of $0.03 per share will be paid on December 15, 2026.
• On November 5, 2026, the Board authorized a share repurchase program of up to $50 million of common stock, to be executed via a Rule 10b5-1 trading plan.
• Sun Life plans to purchase up to an additional $25 million of the Company's common stock in the open market via a Rule 10b5-1 trading plan.
• The Company has $36.2 million in cash and cash equivalents and restricted cash as of September 30, 2026.
• The Company has $210.5 million of undrawn capacity on its credit facilities as of September 30, 2026.
• A conference call to discuss results was scheduled for November 10, 2026, at 12:00 p.m. Eastern Time.