Main Street reports Q4 distributable NII $1.08, consensus $1.03

Reports Q4 revenue $140.44M, consensus $141.9M. In commenting on the Company’s operating results for the fourth quarter and full year of 2024, Dwayne L. Hyzak, Main Street’s (MAIN) Chief Executive Officer, stated, “We are extremely pleased with our performance in the fourth quarter, which closed a great year for Main Street, highlighted by a record annualized return on equity of 25.4%. After our positive performance in the first three quarters of 2024, our strong performance in the fourth quarter resulted in a return on equity of 19.4% for the full year, strong levels of net investment income per share and distributable net investment income per share for the year and a record net asset value per share. We believe that these continued strong results demonstrate the sustainable strength of our overall platform, the benefits of our differentiated and diversified investment strategies, the unique contributions of our asset management business and the continued underlying strength and quality of our portfolio companies.”