Net interest income (loss) before (provision for) recovery of loan losses
-5,452
-15,104
13,914*
10,520
(provision for) recovery of loan losses
21,554
70,907
17,112*
37,977
Net interest income (loss) after (provision for) recovery of loan losses
-27,006
-86,011
-3,198*
-27,457
Net realized loss (gain) on financial instruments and real estate owned
-22,221
-60,085
71,161*
-160,396
Net unrealized gain (loss) on financial instruments
-4,173
-6,920
-15,103*
2,914
Valuation allowance, loans held for sale
-2,447
6,557
125,250*
-178,225
Servicing income, net of amortization and impairment of 11,207 and 17,794 for the three and six months ended june 30, 2026, and 12,874 and 18,168 for the three and six months ended june 30, 2025, respectively
72
5,421
7,896*
7,509
Gain on bargain purchase
-
0
27,387*
-
Gain (loss) on bargain purchase
0
-
-
24,472
Income (gain) on unconsolidated joint ventures
1,276
2,059
-6,347*
7,417
Other income
14,214
18,065
14,601*
14,773
Total non-interest income (expense)
-8,385
-48,017
-25,656*
74,914
Employee compensation and benefits and allocated employee compensation and benefits from related party-Nonrelated Party
24,590
23,848
23,022*
21,151
Employee compensation and benefits and allocated employee compensation and benefits from related party-Related Party
3,376
3,600
4,025*
3,602
Professional fees
7,671
6,655
12,273*
6,008
Management fees related party-Related Party
3,765
4,076
5,006*
5,156
Incentive fees related party-Related Party
-
-
0*
-
Loan servicing expense
3,439
15,674
10,045*
9,771
Transaction related expenses
512
335
2,227*
1,910
Impairment on real estate
952
-469
14,308*
1,862
Other operating expenses
33,268
29,014
29,438*
24,879
Total non-interest expense
77,573
82,733
100,343*
74,339
Loss from continuing operations before benefit for income taxes
-112,964
-216,761
-129,198*
-26,882
Income tax benefit
-13,281
-16,674
-11,892*
-9,935
Net income (loss) from continuing operations
-99,683
-200,087
-117,306*
-16,947
Gain from discontinued operations before income tax benefit
0
0
2,487*
280
Income tax benefit
0
0
621*
70
Net gain from discontinued operations
0
0
1,866*
210
Net income (loss)
-99,683
-200,087
-115,440*
-16,737
Less dividends on preferred stock
1,999
1,999
1,999*
1,999
Less net income attributable to non-controlling interest
1,848
1,642
2,121*
2,008
Net income (loss) attributable to ready capital corporation
-103,530
-203,728
-119,560
-20,744
Basic EPS
-0.63
-1.25
-0.737
-0.13
Diluted EPS
-0.63
-1.25
-0.724
-0.13
Basic Average Shares
165,101,861
163,674,011
162,308,430
163,574,703
Diluted Average Shares
172,781,180
167,650,149
165,232,241
165,873,807
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.
Time Plot
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