For the quarter ending 2026-03-31.
| Income Statement | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Interest income | 81,730,000 | 133,827,000* | 137,491,000 | 152,735,000 |
| Interest expense | 96,834,000 | 119,913,000* | 126,971,000 | 135,837,000 |
| Net interest income before (provision for) recovery of loan losses | -15,104,000 | 13,914,000* | 10,520,000 | 16,898,000 |
| (provision for) recovery of loan losses | 70,907,000 | 17,112,500* | 37,977,000 | 8,640,000 |
| Net interest income after (provision for) recovery of loan losses | -86,011,000 | -3,198,500* | -27,457,000 | 8,258,000 |
| Net realized loss (gain) on financial instruments and real estate owned | -60,085,000 | 71,161,000* | -160,396,000 | 18,214,000 |
| Net unrealized gain (loss) on financial instruments | -6,920,000 | -15,103,000* | 2,914,000 | -1,614,000 |
| Valuation allowance, loans held for sale | 6,557,000 | 125,250,250* | -178,225,000 | 39,746,000 |
| Gain on bargain purchase | - | - | 24,472,000 | -14,381,000 |
| Servicing income, net of amortization and impairment of 6,587 and 5,294 | 5,421,000 | 7,895,500* | 7,509,000 | -304,000 |
| Gain on bargain purchase | 0 | 27,387,250* | - | - |
| Income (gain) on unconsolidated joint ventures | 2,059,000 | -6,347,500* | 7,417,000 | -144,000 |
| Other income | 18,065,000 | 14,600,500* | 14,773,000 | 11,304,000 |
| Total non-interest income (expense) | -48,017,000 | -25,656,500* | 74,914,000 | -26,671,000 |
| Employee compensation and benefits and allocated employee compensation and benefits from related party-Nonrelated Party | 23,848,000 | 23,022,000* | 21,151,000 | 23,159,000 |
| Employee compensation and benefits and allocated employee compensation and benefits from related party-Related Party | 3,600,000 | 4,025,000* | 3,602,000 | 3,600,000 |
| Professional fees | 6,655,000 | 12,273,000* | 6,008,000 | 6,368,000 |
| Management fees related party-Related Party | 4,076,000 | 5,006,000* | 5,156,000 | 5,072,000 |
| Incentive fees related party-Related Party | - | 0* | - | - |
| Loan servicing expense | 15,674,000 | 10,044,500* | 9,771,000 | 11,038,000 |
| Transaction related expenses | 335,000 | 2,226,500* | 1,910,000 | 639,000 |
| Impairment on real estate | -469,000 | 14,308,000* | 1,862,000 | 4,268,000 |
| Other operating expenses | 29,014,000 | 29,438,000* | 24,879,000 | 16,133,000 |
| Total non-interest expense | 82,733,000 | 100,343,000* | 74,339,000 | 70,277,000 |
| Income (loss) from continuing operations before benefit for income taxes | -216,761,000 | -129,198,000* | -26,882,000 | -88,690,000 |
| Income tax benefit | -16,674,000 | -11,892,000* | -9,935,000 | -39,939,000 |
| Net income (loss) from continuing operations | -200,087,000 | -117,306,000* | -16,947,000 | -48,751,000 |
| Gain from discontinued operations before income tax benefit | 0 | 2,486,500* | 280,000 | -6,567,000 |
| Income tax benefit | 0 | 620,500* | 70,000 | -1,641,000 |
| Net gain from discontinued operations | 0 | 1,866,000* | 210,000 | -4,926,000 |
| Net income (loss) | -200,087,000 | -115,440,000* | -16,737,000 | -53,677,000 |
| Less dividends on preferred stock | 1,999,000 | 1,999,000* | 1,999,000 | 1,999,000 |
| Less net income attributable to non-controlling interest | 1,642,000 | 2,121,000* | 2,008,000 | 1,814,000 |
| Net income (loss) attributable to ready capital corporation | -203,728,000 | -119,560,000 | -20,744,000 | -57,490,000 |
| Basic EPS | -1.25 | -0.737 | -0.13 | -0.34 |
| Diluted EPS | -1.25 | -0.724 | -0.13 | -0.34 |
| Basic Average Shares | 163,674,011 | 162,308,430 | 163,574,703 | 167,749,917 |
| Diluted Average Shares | 167,650,149 | 165,232,241 | 165,873,807 | 170,673,088 |
Ready Capital Corp (RCD)
Ready Capital Corp (RCD)