Net interest income before (provision for) recovery of loan losses
10,520
50,130*
(provision for) recovery of loan losses
37,977
73,190*
Net interest income after (provision for) recovery of loan losses
-27,457
-23,060*
Net realized gain (loss) on financial instruments and real estate owned
-160,396
-13,500*
Net unrealized gain (loss) on financial instruments
2,914
-3,748*
Valuation allowance, loans held for sale
-
31,219*
Valuation recovery (allowance), loans held for sale
-178,225
-
Servicing income, net of amortization and impairment of 4,514 and 22,682 for the three and nine months ended september 30, 2025, and 5,841 and 14,216 for the three and nine months ended september 30, 2024, respectively
7,509
4,139*
Gain on bargain purchase
24,472
3,465*
Income (loss) on unconsolidated joint ventures
7,417
2,722*
Other income
14,773
12,701*
Total non-interest income (expense)
74,914
-25,441*
Employee compensation and benefits and allocated employee compensation and benefits from related party-Nonrelated Party
21,151
20,631*
Employee compensation and benefits and allocated employee compensation and benefits from related party-Related Party
3,602
2,847*
Professional fees
6,008
6,722*
Management fees related party-Related Party
5,156
6,216*
Incentive fees related party-Related Party
-
0*
Loan servicing expense
9,771
11,664*
Transaction related expenses
1,910
2,530*
Impairment on real estate
1,862
14,126*
Other operating expenses
24,879
15,893*
Total non-interest expense
74,339
80,627*
Loss from continuing operations before benefit for income taxes
-26,882
-129,128*
Income tax benefit
-9,935
-26,128*
Net income (loss) from continuing operations
-16,947
-103,000*
Income (loss) from discontinued operations before benefit (provision) for income taxes
280
-6,133*
Income tax benefit (provision)
70
-1,533*
Net income (loss) from discontinued operations
210
-4,600*
Net income (loss)
-16,737
-107,600*
Less dividends on preferred stock
1,999
1,999*
Less net income attributable to non-controlling interest
2,008
1,339*
Net loss attributable to ready capital corporation
-20,744
-110,938
Basic EPS
-0.13
-0.656
Diluted EPS
-0.13
-0.651
Basic Average Shares
163,574,703
169,107,477
Diluted Average Shares
165,873,807
170,472,273
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.
Time Plot
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