What caused WHF's EPS decline in Q2 2024?

The decline in WhiteHorse Finance's (WHF) EPS in Q2 2024 can be attributed to a combination of factors:

1. Interest Income Decline: The company's total investment income decreased from $25.633 million in the previous quarter to $25.475 million in Q2 2024. This decline in interest income contributed to the lower EPS.
2. Operating Expenses Increase: There was an increase in operating expenses, which rose from $6.3 million in the previous quarter to $6.4 million in Q2 2024. This increase in operating costs likely impacted the net profit and, consequently, the EPS.
3. Provision for Loan Losses: WHF increased its provision for loan losses from $1.5 million to $2 million. This increase in provisions indicates a higher expected loss rate on its loan portfolio, which can directly impact net income and, subsequently, EPS.

In summary, the decline in WHF's EPS in Q2 2024 was likely caused by a combination of lower interest income, increased operating expenses, and higher provisions for loan losses.