Ready Capital Investor Presentation Deck
Statement of Income by Quarter
(In thousands, except share data)
Interest income
Interest expense
Net interest income before (provision for) recovery of loan losses
Recovery of (provision for) loan losses
Net interest income after (provision for) recovery of loan losses
Non-interest income
Residential mortgage banking activities
Net realized gain (loss) on financial instruments and real estate owned
Net unrealized gain (loss) on financial instruments
Servicing income, net of amortization and impairment
Income on purchased future receivables, net
Income (loss) on unconsolidated joint ventures
Other income
Total non-interest income
Non-interest expense
Employee compensation and benefits
Allocated employee compensation and benefits from related party
Variable expenses on residential mortgage banking activities
Professional fees
Management fees - related party
Incentive fees - related party
Loan servicing expense
Transaction related expenses
Other operating expenses
Total non-interest expense
Income before provision for income taxes
Income tax provision
Net income
Less: Dividends on preferred stock
Less: Net income attributable to non-controlling interest
Net income attributable to Ready Capital Corporation
Earnings per common share - basic
Earnings per common share - diluted
Weighted-average shares outstanding - Basic
Weighted-average shares outstanding - Diluted
Dividends declared per share of common stock
S
$
$
S
$
S
$
S
$
$
$
$
$
Q1 2022
124,405 S
(61,017)
63,388
(1,542)
61,846 $
8,424
8,007
45,315
10,528
2,469
6,563
6,501
87,807
(5,126)
(3,196)
(8,920)
(5,699)
S
(27,968) S
(3,000)
(979)
S
87,707,281
95,402,494
0.42
$
(12,653)
(67,541) $
82,112 S
(17,849)
64,263
1,999
775
61,489 $
0.70 $
0.66 $
$
$
Q2 2022
153,671
(80,827)
72,844 $
4,390
77,234 $
2,947
21,114
(3,253)
14,565
1,859
5,200
8,334
50,766
S
S
$
(26,089) S
(1,804)
4,532
(3,851)
(5,465)
(10,296)
(1,372)
(14,372)
(58,717) $
69,283 S
(10,318)
58,965 $
1,999
2,874
54,092
0.47
0.45
$
$
$
114,359,026
125,065,851
0.42 $
Q3 2022
186,026
(115,495)
70,531
12,053
21,117
16,460
12,189
1,162
S
67,100 $
(603)
$
S
16,150
78,528 $
(25,941) S
(1,745)
(9,061)
(3,865)
(5,410)
(949)
(10,697)
(1,535)
(15,396)
(74,599) $
71,029 S
(4,776)
66,253
1,999
3,023
61,231 $
0.53 $
0.50 $
114,371,160
125,666,609
0.42 $
$
READY CAPITAL.
Q4 2022
207,068
(143,435)
63,633 $
(33,859)
29,774 $
549
3,526
9,430
8,643
501
19,771
42,420
S
S
$
(19,228) S
(3,000)
1,168
(5,251)
(5,224)
(2,156)
(10,123)
(5,027)
(12,881)
(61,722) $
10,472 S
3,210
13,682 $
1,999
2,228
9,455 $
0.08 $
0.09 $
110,739,644
121,062,323
0.40 $
Q1 2023
217,573
(160,394)
57,179
6,734
63,913
9,169
11,575
(11,728)
14,003
5:40
656
19,883
44,098
(25,139)
(2,326)
(5,485)
(5,717)
(5,081)
(1,720)
(9,963)
(893)
(14,318)
(70,642)
37,369
(391)
36,978
1,999
1,835
33,144
0.30
0.29
110,672,939
121,025,909
0.40
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