| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2020 | FY2020 | FY2020 | FY2020 | FY2020 | FY2020 | FY2020 | FY2019 | FY2019 | FY2019 | FY2019 | FY2019 | FY2019 | FY2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest income | $569.2M-36.5% | $897.0M-5.2% | $945.8M+42.6% | $663.2M | ||||||||||||||||
| Interest expense | -$514.1M+26.2% | -$696.5M+2.8% | -$716.5M-82.6% | -$392.4M | ||||||||||||||||
| Net interest income before provision for loan losses | $55.0M-72.6% | $200.5M-12.6% | $229.3M-15.3% | $270.9M | ||||||||||||||||
| Provision for loan losses | -$87.0M+70.3% | -$292.8M-3949.2% | -$7.2M+79.0% | -$34.4M | ||||||||||||||||
| Net interest income after provision for loan losses | -$32.0M+65.3% | -$92.2M-141.5% | $222.1M-6.0% | $236.4M | ||||||||||||||||
| Net realized gain (loss) on financial instruments and real estate owned | -$142.1M-163.2% | -$54.0M-183.1% | $65.0M+20.9% | $53.8M | ||||||||||||||||
| Net unrealized gain (loss) on financial instruments | -$13.2M+12.3% | -$15.0M-254.3% | $9.7M-55.6% | $21.9M | ||||||||||||||||
| Valuation recovery (allowance), loans held for sale | $15.4M+112.4% | -$124.9M | $0 | — | ||||||||||||||||
| Servicing income, net of amortization and impairment of $29,919, $21,972 and $7,911 | $18.7M+13.0% | $16.6M-21.8% | $21.2M+85.2% | $11.4M | ||||||||||||||||
| Bargain purchase gain | $109.5M+690.5% | $13.9M-93.3% | $208.0M | — | ||||||||||||||||
| Income (loss) on unconsolidated joint ventures | $4.6M-58.1% | $10.9M+1302.9% | -$905K-107.8% | $11.7M | ||||||||||||||||
| Other income | $53.7M+5.7% | $50.8M-51.9% | $105.5M+87.7% | $56.2M | ||||||||||||||||
| Total non-interest income (expense) | $46.7M+145.9% | -$101.8M-124.9% | $408.5M+163.6% | $155.0M | ||||||||||||||||
| Professional fees | -$30.8M-14.7% | -$26.9M+22.6% | -$34.7M-100.8% | -$17.3M | ||||||||||||||||
| Loan servicing expense | -$41.3M+11.6% | -$46.7M-14.3% | -$40.8M-32.4% | -$30.8M | ||||||||||||||||
| Transaction related expenses | -$6.0M+40.2% | -$10.1M+43.0% | -$17.8M-30.3% | -$13.6M | ||||||||||||||||
| Impairment on real estate | -$23.5M+58.4% | -$56.5M-554.1% | -$8.6M-114.2% | -$4.0M | ||||||||||||||||
| Other operating expenses | -$91.0M-43.1% | -$63.6M-24.8% | -$51.0M-16.8% | -$43.6M | ||||||||||||||||
| Total non-interest expense | -$317.3M+1.6% | -$322.5M-18.5% | -$272.2M-25.8% | -$216.3M | ||||||||||||||||
| Income (loss) from continuing operations before benefit for income taxes | -$302.6M+41.4% | -$516.5M-244.1% | $358.4M+104.8% | $175.0M | ||||||||||||||||
| Income tax benefit (provision) | $86.7M-17.0% | $104.5M+1556.8% | -$7.2M+49.7% | -$14.3M | ||||||||||||||||
| Net income (loss) from continuing operations | -$215.9M+47.6% | -$412.0M-217.3% | $351.2M+120.1% | $159.6M | ||||||||||||||||
| Loss from discontinued operations before income tax benefit | -$6.9M+71.7% | -$24.5M-549.2% | -$3.8M-106.5% | $57.9M | ||||||||||||||||
| Income tax benefit | $1.7M-71.7% | $6.1M+549.0% | $945K+106.6% | -$14.3M | ||||||||||||||||
| Net loss from discontinued operations | -$5.2M+71.7% | -$18.4M-549.2% | -$2.8M-106.5% | $43.6M | ||||||||||||||||
| Net income (loss) | -$221.1M+48.6% | -$430.4M-223.5% | $348.4M+71.5% | $203.2M | ||||||||||||||||
| Less: Dividends on preferred stock | $8.0M+0.0% | $8.0M-0.0% | $8.0M+0.0% | $8.0M | ||||||||||||||||
| Less: Net income attributable to non-controlling interest | $7.9M+46.6% | $5.4M-40.2% | $9.0M+0.7% | $8.9M | ||||||||||||||||
| Net income (loss) attributable to Ready Capital Corporation | -$236.9M+46.6% | -$443.8M-233.9% | $331.5M+77.9% | $186.3M | ||||||||||||||||
| Total earnings per common share - basic | — | — | — | — | ||||||||||||||||
| Earnings per common share from continuing operations - basic (in dollars per share) | -$1410.00+44.0% | -$2520.00-211.0% | $2270.00+72.0% | $1320.00 | ||||||||||||||||
| Earnings per common share from discontinued operations - basic (in dollars per share) | -$30.00+72.7% | -$110.00-450.0% | -$20.00-104.9% | $410.00 | ||||||||||||||||
| Total earnings per common share - basic (in dollars per share) | -$1440.00+45.2% | -$2630.00-216.9% | $2250.00+30.1% | $1730.00 | ||||||||||||||||
| Total earnings per common share - diluted | — | — | — | — | ||||||||||||||||
| Earnings per common share from continuing operations - diluted (in dollars per share) | -$1410.00+44.0% | -$2520.00-212.5% | $2240.00+75.0% | $1280.00 | ||||||||||||||||
| Earnings per common share from discontinued operations - diluted (in dollars per share) | -$30.00+72.7% | -$110.00-450.0% | -$20.00-105.4% | $370.00 | ||||||||||||||||
| Total earnings per common share - diluted (in dollars per share) | -$1440.00+45.2% | -$2630.00-218.5% | $2220.00+34.5% | $1650.00 | ||||||||||||||||
| Basic (in dollars per share) | $164544350000.00-2.7% | $169107477000.00+15.2% | $146841594000.00+37.4% | $106878139000.00 | ||||||||||||||||
| Diluted (in dollars per share) | $167259712000.00-1.9% | $170472273000.00+14.7% | $148567026000.00+26.8% | $117193958000.00 | ||||||||||||||||
| Dividends declared per share of common stock (in dollars per share) | $385.00-65.0% | $1100.00-24.7% | $1460.00-12.0% | $1660.00 | ||||||||||||||||
| Nonrelated Party | ||||||||||||||||||||
| Employee compensation and benefits and Allocated employee compensation and benefits from related party | -$14.8M-30.2% | -$11.4M-5.1% | -$10.8M-13.5% | -$9.5M | ||||||||||||||||
| Related Party | ||||||||||||||||||||
| Management fees – related party | -$20.3M+18.2% | -$24.9M+1.0% | -$25.1M-30.1% | -$19.3M | ||||||||||||||||
| Incentive fees – related party | $0 | $0+100.0% | -$1.8M+42.3% | -$3.1M | ||||||||||||||||
Source: SEC EDGAR XBRL. % change vs prior period shown where available.
Source: SEC EDGAR 10-K and 10-Q filings. Last 4 years annual and quarterly free, full history (up to 20 years) on Pro.