| Income Statement | 2024-12-31 | |||
|---|---|---|---|---|
| Income tax benefit (provision) | 6,133 | |||
| Income (loss) from discontinued operations before benefit (provision) for income taxes | -24,532 | |||
| Net income (loss) from discontinued operations | -18,399 | |||
| Income tax benefit (provision) | 104,512 | |||
| Net unrealized gain (loss) on financial instruments | -14,991 | |||
| Net realized gain (loss) on financial instruments and real estate owned | -54,000 | |||
| Other income | 50,803 | |||
| Income (loss) on unconsolidated joint ventures | 10,886 | |||
| Valuation allowance, loans held for sale | -124,878 | |||
| Gain on bargain purchase | 13,859 | |||
| Servicing income, net of amortization and impairment of 21,972, 7,911, and 19,653 | 16,556 | |||
| Total non-interest income (expense) | -101,765 | |||
| Professional fees | 26,887 | |||
| Other operating expenses | 63,572 | |||
| Management fees related party-Related Party | 24,862 | |||
| Loan servicing expense | 46,656 | |||
| Employee compensation and benefits and allocated employee compensation and benefits from related party-Related Party | 11,387 | |||
| Employee compensation and benefits and allocated employee compensation and benefits from related party-Nonrelated Party | 82,522 | |||
| Incentive fees related party-Related Party | - | |||
| Impairment on real estate | 56,503 | |||
| Transaction related expenses | 10,118 | |||
| Total non-interest expense | -322,507 | |||
| Provision for loan losses | -292,759 | |||
| Interest expense | -696,455 | |||
| Interest income | 896,975 | |||
| Net interest income before provision for loan losses | 200,520 | |||
| Net interest income after provision for loan losses | -92,239 | |||
| Income (loss) from continuing operations before benefit (provision) for income taxes | -516,511 | |||
| Net income (loss) from continuing operations | -411,999 | |||
| Net income (loss) | -430,398 | |||
| Less dividends on preferred stock | -7,996 | |||
| Less net income attributable to non-controlling interest | -5,357 | |||
| Net income (loss) attributable to ready capital corporation | -443,751 | |||
| Basic (in dollars per share) | 169,107,477 | |||
| Diluted (in dollars per share) | 170,472,273 | |||
| Total earnings per common share - basic (in dollars per share) | -2.63 | |||
| Total earnings per common share - diluted (in dollars per share) | -2.63 | |||
Ready Capital Corp (RC)
Ready Capital Corp (RC)