Ready Capital Corp (RCD)
2025-06-30 | ||||
|---|---|---|---|---|
| Income tax benefit | -1,641,000 | |||
| Loss from discontinued operations before benefit for income taxes | -6,567,000 | |||
| Net loss from discontinued operations | -4,926,000 | |||
| Income tax benefit | -39,939,000 | |||
| Net unrealized gain (loss) on financial instruments | -1,614,000 | |||
| Net realized gain (loss) on financial instruments and real estate owned | 18,214,000 | |||
| Other income | 11,304,000 | |||
| Income (loss) on unconsolidated joint ventures | -144,000 | |||
| Valuation allowance, loans held for sale | 39,746,000 | |||
| Gain (loss) on bargain purchase | -14,381,000 | |||
| Servicing income, net of amortization and impairment of 12,874 and 18,168 for the three and six months ended june 30, 2025, 4,678 and 8,375 for the three and six months ended june 30, 2024, respectively | -304,000 | |||
| Total non-interest income (expense) | -26,671,000 | |||
| Professional fees | 6,368,000 | |||
| Other operating expenses | 16,133,000 | |||
| Management fees related party-Related Party | 5,072,000 | |||
| Loan servicing expense | 11,038,000 | |||
| Employee compensation and benefits and allocated employee compensation and benefits from related party-Related Party | 3,600,000 | |||
| Employee compensation and benefits and allocated employee compensation and benefits from related party-Nonrelated Party | 23,159,000 | |||
| Impairment on real estate | 4,268,000 | |||
| Transaction related expenses | 639,000 | |||
| Total non-interest expense | 70,277,000 | |||
| (provision for) recovery of loan losses | 8,640,000 | |||
| Interest expense | 135,837,000 | |||
| Interest income | 152,735,000 | |||
| Net interest income before (provision for) recovery of loan losses | 16,898,000 | |||
| Net interest income after (provision for) recovery of loan losses | 8,258,000 | |||
| Loss from continuing operations before benefit for income taxes | -88,690,000 | |||
| Net income (loss) from continuing operations | -48,751,000 | |||
| Net income (loss) | -53,677,000 | |||
| Less dividends on preferred stock | 1,999,000 | |||
| Less net income attributable to non-controlling interest | 1,814,000 | |||
| Net income (loss) attributable to ready capital corporation | -57,490,000 | |||
| Basic (in dollars per share) | 167,749,917 | |||
| Diluted (in dollars per share) | 170,673,088 | |||
| Total earnings per common share - basic (in dollars per share) | -0.34 | |||
| Total earnings per common share - diluted (in dollars per share) | -0.34 | |||