Palmer Square Capital BDC Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, reporting consolidated financial results including a net increase in net assets from operations of $14,007,567 for the three months ended September 30, 2026, alongside a net decrease of $14,779,215 for the nine-month period.

Key Highlights

  • Total net assets: $403,436,446 as of September 30, 2026, down from $464,123,172 at December 31, 2025, according to the filing.
  • Net asset value per share: $13.34 as of September 30, 2026, compared to $14.85 at December 31, 2025, as reported.
  • Total investment income: $26,568,855 for the three months ended September 30, 2026, and $80,081,846 for the nine months ended September 30, 2026.
  • Net investment income: $11,635,680 for the three months ended September 30, 2026, and $34,713,580 for the nine months ended September 30, 2026.
  • Common shares repurchased: $10,905,044 in net assets reduced through repurchase of common shares during the nine months ended September 30, 2026.
  • Shares outstanding: 30,138,536 shares of common stock outstanding as of November 3, 2026, as stated in the filing.
  • Total assets: $1,106,184,715 as of September 30, 2026, with non-controlled, non-affiliated investments at fair value of $1,087,582,875.

Palmer Square Capital BDC's Third-Quarter 2026 Financial Position and Operating Results

Palmer Square Capital BDC Inc. (NYSE:PSBD), a business development company incorporated in Maryland and headquartered in Mission Woods, Kansas, filed its quarterly report covering the period ended September 30, 2026. According to the filing, the company's total assets stood at $1,106,184,715, supported primarily by non-controlled, non-affiliated investments carried at fair value of $1,087,582,875, against an amortized cost of $1,209,375,951. Total liabilities were reported at $702,748,269, which included credit facilities of $355,894,687 (net of deferred financing costs) and notes of $300,727,862 (net of deferred financing costs).

For the three months ended September 30, 2026, the filing reported total investment income of $26,568,855, composed primarily of interest income of $24,813,915, alongside dividend income, payment-in-kind interest income, and other income. Total expenses for the same quarter were $14,933,175, resulting in net investment income of $11,635,680. After accounting for net realized losses of $4,612,351 and net unrealized gains of $6,984,238, the company reported a net increase in net assets from operations of $14,007,567 for the quarter, or $0.46 per share on a basic and diluted basis.

For the nine months ended September 30, 2026, total investment income was $80,081,846 and total expenses were $45,368,266, yielding net investment income of $34,713,580. However, net realized losses of $18,615,463 and net unrealized losses of $30,877,332 during the nine-month period produced a net decrease in net assets from operations of $14,779,215, or $(0.48) per share. The filing also disclosed that dividends and distributions to stockholders totaled $35,002,467 for the nine months ended September 30, 2026, and that the total decrease in net assets for the nine-month period was $60,686,726.

What Was Disclosed

Palmer Square Capital BDC Inc. disclosed its unaudited consolidated financial statements for the quarter and nine months ended September 30, 2026, covering assets, liabilities, net assets, investment income, expenses, realized and unrealized gains and losses, distributions, and share repurchase activity under its Form 10-Q filing with the SEC.