Nuveen Churchill Direct Lending (NCDL) Amortization of Premiums and Discounts (2019 - 2026)
Nuveen Churchill Direct Lending (NCDL) reported Amortization of Securities Premiums, Net of $785,000 for Q3 2026, up 63.5% from $480,000 a year earlier and up 4.9% from the prior quarter.
Nuveen Churchill Direct Lending (NCDL) Amortization of Premiums and Discounts (2019 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, Nuveen Churchill Direct Lending's Amortization of Securities Premiums, Net came in at $3.67 million, down 10.9% year-over-year; for FY2025, it was $4.24 million, up 14.9% from FY2024.
- Amortization of Securities Premiums, Net has increased for four consecutive years, with a four-year compound annual growth rate of 43.0% (FY2021 to FY2025).
- By year, Amortization of Securities Premiums, Net came in at $3.69 million in FY2024 (+36.2%), $2.71 million in FY2023 (+53.7%), $1.76 million in FY2022 (+73.9%) and $1.01 million in FY2021.
- Five-year quarterly Amortization of Securities Premiums, Net spans a low of $343,000 in Q3 2022 and a high of $1.63 million in Q1 2025.
- Year over year, Amortization of Securities Premiums, Net gained in five of the last eight quarters, with growth averaging 10.8%.
- The high point for year-over-year Amortization of Securities Premiums, Net in five years was Q3 2024 (growth of 84.2%); the low point was Q3 2025 (a decline of 43.5%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $748,000 (Q2 2026), $1.05 million (Q1 2026) and $1.09 million (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Royalty Pharma | 39.80 Bn | 40.13 Bn | - |
| 2 | Rocket Companies | 38.90 Bn | 27.72 Bn | - |
| 3 | Orix | 38.66 Bn | 9.30 Bn | 13.83 Bn |
| 4 | Federal National Mortgage Association Fannie Mae | 26.46 Bn | -16,107.65 Bn | - |
| 5 | Synchrony Financial | 22.47 Bn | -45.15 Bn | - |
| 6 | Affirm Holdings | 22.07 Bn | 15.11 Bn | - |
| 7 | Royal Gold | 21.71 Bn | 20.92 Bn | 402.46 Mn |
| 8 | Ares Capital | 13.84 Bn | 11.59 Bn | - |
| 9 | Annaly Capital Management | 13.83 Bn | 4.86 Bn | - |
| 10 | Nuveen Churchill Direct Lending | 581.78 Mn | 549.38 Mn | - |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 781,000.00 |
| Jun 30, 2026 | 748,000.00 |
| Mar 31, 2026 | 1.05 Mn |
| Dec 31, 2025 | 1.09 Mn |
| Sep 30, 2025 | 475,000.00 |
| Jun 30, 2025 | 1.04 Mn |
| Mar 31, 2025 | 1.63 Mn |
| Dec 31, 2024 | 969,000.00 |
| Sep 30, 2024 | 849,000.00 |
| Jun 30, 2024 | 854,000.00 |
| Mar 31, 2024 | 1.02 Mn |
| Dec 31, 2023 | 714,000.00 |
| Sep 30, 2023 | 461,000.00 |
| Jun 30, 2023 | 628,000.00 |
| Mar 31, 2023 | 905,000.00 |
| Dec 31, 2022 | 529,000.00 |
| Sep 30, 2022 | 344,000.00 |
| Jun 30, 2022 | 372,000.00 |
| Mar 31, 2022 | 518,000.00 |
| Dec 31, 2021 | 1.73 Mn |
Nuveen Churchill Direct Lending Amortization of Premiums and Discounts API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=amortization-of-premiums-and-discounts&ticker=NCDL&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "amortization-of-premiums-and-discounts", "ticker": "NCDL", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=amortization-of-premiums-and-discounts&ticker=NCDL&period=max&api_key=YOUR_API_KEY");
const data = await res.json();