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 Q2 2021

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Earnings data Q1 2024

Ready Capital's Q1 2023 Earnings Impacted by Non-Recurring Items

Ready Capital's Q1 2023 performance was impacted by non-recurring items, leading to distributable earnings falling short of the 10% ROE target. Despite this, the company's credit metrics outperformed the industry, and the pending Broadmark merger is expected to provide significant operational and financial benefits. However, challenges in achieving ROE targets and lower lending volume are anticipated in the near term.

Ready Capital reports robust Q2 performance amidst market challenges

Ready Capital's Q2 performance showcased growth, strong credit metrics, and expansion plans, while also highlighting market challenges and potential opportunities for acquisitions and debt raising.

Ready Capital reports Q3 earnings, aims to double SBA segment volume

Ready Capital's Q3 earnings call highlighted the company's performance, strengths, challenges, and opportunities. Despite pressure on core earnings related to the Broadmark transaction and issues in the Freddie Mac multifamily market, the company remains focused on leveraging its strengths, exploring strategic options, and aiming for growth in the SBA segment.

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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.

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?

Ready Capital (RC) Misses Q1 Earnings and Revenue Estimates

Shares of Ready Capital (NYSE:RC) rose 2.5% in pre-market trading after the company reported Q1 results.

News for Ready Capital Corp Stock (RC)