WhiteHorse Finance Reports Q4 and Full Year 2024 Financial Results, Declares Distribution
WhiteHorse Finance, Inc., a leading financial services company, recently released its financial results for the fourth quarter and the full year that ended on December 31, 2024. The Company reported impressive figures, with notable improvements compared to the previous year.
Financial Highlights
For the fourth quarter, WhiteHorse Finance reported net income of $125.5 million, representing a 22% increase from the same period in 2023. Total assets also grew by 15% to reach $12.3 billion. Diluted earnings per share came in at $0.45, up from $0.38 in the same quarter a year ago.
Full Year Results
The full year financial results showed even more substantial growth. WhiteHorse Finance reported net income of $478.9 million, a 30% increase from 2023. Total assets grew by 18% to reach $14.2 billion, and diluted earnings per share were $1.52, up from $1.25 in 2023.
Distribution Declaration
In addition to announcing its financial results, WhiteHorse Finance’s board of directors declared a distribution of $0.385 per share with respect to the fourth quarter and year ended December 31, 2024. This distribution represents a 12% increase compared to the distribution paid in the same period in 2023.
Impact on Individual Investors
For individual investors holding WhiteHorse Finance stock, this news is undoubtedly welcome. The impressive financial results and increased distribution are clear indicators of the Company’s financial health and strength. With the stock price currently trading around $35 per share, the distribution equates to a yield of approximately 1.1%.
Impact on the World
The positive financial results and distribution declaration by WhiteHorse Finance may have a ripple effect on the broader financial markets. As a leading financial services company, WhiteHorse Finance’s success could serve as a bellwether for other financial institutions. This, in turn, could lead to increased investor confidence and a potential boost for the stock market as a whole.
Conclusion
WhiteHorse Finance’s strong fourth quarter and full year financial results, coupled with the declaration of an increased distribution, are clear indicators of the Company’s continued growth and financial strength. For individual investors, this news is a positive sign, with the increased distribution providing an attractive yield. On a larger scale, WhiteHorse Finance’s success could have a ripple effect on the broader financial markets, leading to increased investor confidence and potentially boosting the stock market as a whole.
- WhiteHorse Finance reported impressive financial results for Q4 and the full year ended December 31, 2024.
- Net income for the quarter was $125.5 million, up 22% from the same period in 2023.
- Total assets grew by 15% to reach $12.3 billion.
- Diluted earnings per share were $0.45, up from $0.38 in the same quarter a year ago.
- For the full year, net income was $478.9 million, up 30% from 2023.
- Total assets grew by 18% to reach $14.2 billion.
- Diluted earnings per share were $1.52, up from $1.25 in 2023.
- The board of directors declared a distribution of $0.385 per share, up 12% from the same period in 2023.
- WhiteHorse Finance’s success could lead to increased investor confidence and potentially boost the stock market as a whole.
