Ready Capital Corp

Ready Capital Corp. is a real estate finance company, which engages in acquiring, managing, and financing small balance commercial loans. It operates through the following segments: Acquisitions, SBC Originations, SBA Originations, Acquisitions & Servicing, and Residential Mortgage Banking. The Acquisitions segment acquires performing and non-performing SBC loans and intends to continue to acquire these loans as part of the company's business strategy. The SBC Originations segment originates SBC loans secured by stabilized or transitional investor properties using multiple loan origination channels through its wholly-owned subsidiary, ReadyCap Commercial LLC. The SBA Originations, Acquisitions & Servicing segment acquires, originates and services owner-occupied loans guaranteed by the SBA through its wholly-owned subsidiary, ReadyCap Lending LLC. The Residential Mortgage Banking segment, through its wholly-owned subsidiary, GMFS LLC, originates residential mortgage loans eligible to be purchased, guaranteed or insured by Fannie Mae, Freddie Mac, FHA, USDA and VA through retail, correspondent and broker channels. The company was founded in 2011 and is headquartered in New York, NY.

Earnings data Q1 2021

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

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Earnings data Q1 2024

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Earnings data Q3 2024

Earnings data Q4 2024

Ready Capital Corp to acquire Broadmark, anticipates strong growth

Ready Capital Corp's Q4 2022 performance showcased strength in loan originations, credit quality, and strategic acquisitions.
The merger with Broadmark Realty Capital is poised to enhance earnings, reduce leverage, and generate expense synergies for the company.
Challenges include impacts on realized gains, lack of specific full-year origination outlook, and complexities in the Broadmark deal execution.
Opportunities lie in increased liquidity post-acquisition, growth in SBA lending, and capital redeployment for new CRE originations and acquisitions.

Ready Capital Corp reports resilient performance amidst CRE market challenges

Ready Capital Corp navigated challenges in the CRE market with strong performance in core originations and credit metrics.
Despite non-recurring impacts on earnings, the company remains well positioned to maintain dividends and achieve its ROE target.
Opportunities lie in maintaining strong credit metrics, exploring potential acquisitions, and focusing on growth in key market segments.
Analysts' questions covered a range of topics including CECL reserve releases, distributable earnings, and balance sheet strategies.

Ready Capital Corp reports strong Q2 performance and eyes growth opportunities

Ready Capital Corp's Q2 2023 performance showcased robust loan portfolio growth and competitive credit metrics.
The company's strengths lie in the successful Broadmark acquisition, distributable earnings, and limited defaults in multifamily loans.
Challenges include upcoming maturities, potential risks in multifamily bridge loans, and headwinds from the Broadmark deal.
Opportunities for growth include optimizing capital structure, exploring new acquisitions, and capitalizing on multifamily market stabilization.

Ready Capital Corp reports strong Q3 performance amidst market caution

Ready Capital Corp (RC) demonstrated strong performance with successful Broadmark integration and improved liquidity, despite challenges in the CRE market.
The company's focus on cost synergies, credit metrics strength, and strategic rebranding position it well for future growth opportunities.
While challenges like portfolio yield drag and market uncertainties exist, Ready Capital's adaptability and focus on strategic opportunities are key strengths.

Ready Capital Corp reports 8.6% ROE for 2023, eyes strategic refinancing and growth opportunities

Ready Capital Corp's performance in 2023 was impacted by M&A effects and underperformance in certain business segments, leading to a distributable ROE of 8.6%. Despite challenges in delinquencies, the company is strategically focused on refinancing, leveraging debt, and exiting underperforming sectors. Opportunities lie in CLO issuance, SBA vertical growth, and accretive impacts from the Broadmark transaction.

Ready Capital Corp reports Q3 losses but eyes CRE market growth

Ready Capital Corp's Q3 performance reflects challenges with losses but also strengths in small business lending and market positioning.
Strategic initiatives and a well-positioned CRE market offer growth opportunities despite short-term challenges.
The company's focus on high-growth areas and future earnings expectations signal a path towards long-term success and market competitiveness.
Navigating through challenges while capitalizing on opportunities will be crucial for Ready Capital Corp's future financial performance and growth.

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Ready Capital Corp. is a real estate finance company, which engages in acquiring, managing, and financing small balance commercial loans. It operates through the following segments: SBC Lending and Acquisitions, Small Business Lending, and Residential Mortgage Banking. The SBC Lending and Acquisitions segment is involved in the SBC loans across the full life-cycle of an SBC property including construction, bridge, stabilized, and agency loan origination channels through wholly-owned subsidiary, ReadyCap Commercial, LLC. The Small Business Lending segment acquires, originates, and services owner-occupied loans guaranteed by the SBA under its SBA Section 7(a) Program through wholly-owned subsidiary, ReadyCap Lending, LLC. The Residential Mortgage Banking segment focuses on the residential mortgage loan origination segment through wholly-owned subsidiary, GMFS, LLC. The company was founded in November 2011 and is headquartered in New York, NY.

Ready Capital (RC) delivered earnings and revenue surprises of 58.33% and -23.55%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Ready Capital (RC) Surpasses Q3 Earnings Estimates

Shares of Ready Capital (NYSE:RC) were unchanged in after-market trading after the company reported Q3 results. Quarterly Results Earnings per share rose 42.50% year over year to $0.57, which beat the estimate of $0.36.

Recap: Ready Capital Q3 Earnings

Low interest rates are likely to have driven residential mortgage originations for Ready Capital (RC) in Q3. Also, the revival of direct small balance commercial origination channels might have aided results.

What's in the Offing for Ready Capital's (RC) Q3 Earnings?

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Ready Capital (RC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Ready Capital (RC) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

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Ready Capital is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.

Moving Average Crossover Alert: Ready Capital

NEW YORK, Oct. 01, 2020 (GLOBE NEWSWIRE) -- Ready Capital’s National Bridge Lending Team announces the closing of an acquisition, renovation, and lease-up loan for a $16.9 MM value-add bridge loan in Memphis, TN.

Ready Capital National Bridge Team Close An Approximately $17.0 Million Bridge Loan

Ready Capital (RC) saw a big move last session, as its shares jumped more than 6% on the day, amid huge volumes.

Ready Capital (RC) Looks Good: Stock Adds 6.1% in Session

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As of late, it has definitely been a great time to be an investor Ready Capital.

Ready Capital's Shares March Higher, Can It Continue?

NEW YORK, Sept. 15, 2020 /PRNewswire/ -- Ready Capital Corporation (NYSE:RC) announced that its Board of Directors declared a quarterly cash dividend of $0.30 per share of common stock and Operating Partnership unit for the quarter ended September 30, 2020.

Ready Capital Corporation Declares Third Quarter 2020 Dividend

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Let's see if Ready Capital Corporation (RC) stock is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks.

Is Ready Capital (RC) Stock a Suitable Value Pick Right Now?

Ready Capital Corp (RC) CEO Tom Capasse on Q2 2020 Results - Earnings Call Transcript

NEW YORK, Aug. 6, 2020 /PRNewswire/ -- Ready Capital Corporation ("Ready Capital" or the "Company") (NYSE: RC), a multi-strategy real estate finance company that originates, acquires, finances, and services small to medium balance commercial loans, today reported financial results for the.

Ready Capital Corporation Announces Second Quarter 2020 Results

NEW YORK, July 31, 2020 /PRNewswire/ -- Ready Capital Corporation (NYSE: RC) (the "Company") today announced that the Company will release its second quarter 2020 financial results after the New York Stock Exchange closes on Thursday, August 6, 2020. Management will host a webcast and.

Ready Capital Corporation Announces Second Quarter 2020 Results And Webcast Call

Ready Capital (RC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Ready Capital (RC) to Report Q2 Results: Wall Street Expects Earnings Growth

Paycheck Protection Program loans will add $35 - $50 million in profit for RC.

A 14.2% Baby Bond Yielder As Ready Capital Profits From The Pandemic

NEW YORK, July 10, 2020 /PRNewswire/ -- Ready Capital Corporation (NYSE: RC), a multi-strategy real estate finance company that originates, acquires, finances and services small- to medium-sized balance commercial loans, announced today the completion of two securitizations, totaling $609...

Ready Capital Corporation Announces Completion Of Two Securitizations

NEW YORK, June 24, 2020 /PRNewswire/ -- Ready Capital Corporation (NYSE: RC) ("Ready Capital" or the "Company") today announced that, due to the public health and safety concerns related to the COVID-19 pandemic, and in order to support the health and well-being of its stockholders and...

Ready Capital Corporation Announces Change to a Virtual-Only Format for 2020 Annual Meeting of Stockholders

NEW YORK, June 15, 2020 /PRNewswire/ -- Ready Capital Corporation (NYSE:RC) announced that its Board of Directors declared a quarterly cash dividend of $0.25 per share of common stock and Operating Partnership unit for the quarter ended June 30, 2020. This dividend is payable on July 31,...

Ready Capital Corporation Declares Second Quarter 2020 Dividend

Ready Capital Corporation (RC) CEO Tom Capasse on Q1 2020 Results - Earnings Call Transcript

Ready Capital (RC) delivered earnings and revenue surprises of -97.22% and -9.05%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

News for Ready Capital Corp Stock (RC)