Main Street Capital (NYSE: MAIN) reported Q2 EPS of $0.63, $0.01 better than the analyst estimate of $0.62.

• Net investment income of $39.6 million (or $0.63 per share), compared to $39.5 million (or $0.66 per share) in the second quarter of 2018
• Distributable net investment income(1) of $42.0 million (or $0.67 per share), compared to $41.9 million (or $0.70 per share) in the second quarter of 2018
• Total investment income of $61.3 million, compared to $59.9 million in the second quarter of 2018
• Industry leading ratio of total non-interest operating expenses as a percentage of quarterly average total assets ("Operating Expenses to Assets Ratio") of 1.4% on an annualized basis for the quarter and 1.3% for the trailing twelve month ("TTM") period ended June 30, 2019
• Net increase in net assets resulting from operations of $38.3 million (or $0.61 per share)
• Net asset value of $24.17 per share at June 30, 2019, representing an increase of $0.08 per share, or 0.3%, compared to $24.09 per share at December 31, 2018, or an increase of $0.33 per share, or 1.4%, after excluding the effect of the semi-annual supplemental cash dividend paid in June 2019
• Return on equity(2) of 10.1% for the quarter and 10.6% for the TTM period ended June 30, 2019
• Declared regular monthly dividends totaling $0.615 per share for the third quarter of 2019, or $0.205 per share for each of July, August and September 2019, representing a 7.9% increase from the regular monthly dividends paid for the third quarter of 2018
• Completed $31.7 million in total lower middle market (\"LMM\") portfolio investments, including an investment of $15.1 million in one new LMM portfolio company, which after aggregate repayments of debt principal and return of invested equity capital from several LMM portfolio investments resulted in a net decrease of $11.9 million in total LMM portfolio investments
• Net decrease of $41.1 million in middle market portfolio investments
• Net increase of $54.0 million in private loan portfolio investments
• Further diversified our capital structure by issuing $250.0 million of 5.20% Notes due 2024 ("5.20% Notes")

For earnings history and earnings-related data on Main Street Capital (MAIN) click here.