trending Market Intelligence /marketintelligence/en/news-insights/trending/Pa0OP0bXdWXbU_N2bbe6Kw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Ares Capital sees core income fall YOY in Q2

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory


Ares Capital sees core income fall YOY in Q2

Ares Capital Corp. reported second-quarter GAAP net income of $178 million, or 42 cents per share, up from $157 million, or 50 cents per share, in the prior-year quarter.

On a non-GAAP basis, core EPS was 34 cents, down from 39 cents from the year-ago quarter.

The S&P Capital IQ consensus normalized EPS estimate for the quarter was 36 cents.

Net investment income was $124 million, or 29 cents per share, in the second quarter, versus $105 million, or 34 cents per share, in the prior-year quarter. Net realized gains were $106 million, or 25 cents per share, compared with $31 million, or 10 cents per share, in the prior-year period. The company reported net unrealized losses of $52 million, or 12 cents per share, in the second quarter, compared to gains of $22 million, or 6 cents per share, in the year-ago period.

In the second quarter, Ares Capital made $1.97 billion in new commitments and exited approximately $1.79 billion of investment commitments.

As of July 26, the company had an investment backlog of approximately $530 million and investment pipeline of $325 million.

The company also resolved the Senior Secured Loan Program by purchasing the remaining loans from the SSLP. It has received the final distribution on its SSLP certificates.