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 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 on financial instruments and real estate owned
Net unrealized gain on financial instruments
Servicing income, net of amortization and impairment
Income on purchased future receivables, net
Gain on bargain purchase
Income (loss) on unconsolidated joint ventures
Other income (loss)
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) benefit
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
$
$
$
$
$
$
$
$
$
$
$
$
Q1 2021
73,371
(50,761)
22,610 $
8
22,618
41,409
8,846
20,996
15,635
2,317
$
$
(15,485)
(2,982)
(2,693)
$
(809)
571
88,965 $
(22,777) $
(2,123)
(6,104)
(6,307)
(15,484)
(73,955) $
37,628 $
(8,681)
28,947
281
659
28,007 $
0.49 $
0.49 $
$
56,817,632
56,843,448
0.40 $
Q2 2021
103,047
(55,415)
47,632
(5,517)
42,115
36,690
17,183
4,612
11,928
2,779
3,361
(688)
75,865
$
$
$
$
$
(24,270) $
(3,299)
(21,421)
(2,872)
(2,626)
(286)
(6,851)
(1,266)
$
(17,190)
(80,081) $
37,899
(6,995)
30,904
3,224
444
27,236 $
0.38 $
0.38 $
71,221,806
71,385,603
0.42 $
$
Q3 2021
105,136
(50,136)
55,000 $
(1,579)
53,421 $
$
37,270 $
23,210
5,688
10,243
2,838
3,548
5,674
88,471
$
(24,537) $
(3,804)
(24,380)
(6,900)
(2,742)
(2,775)
(8,124)
(2,629)
(12,926)
(88,817) $
53,075 $
(6,540)
46,535 $
1,999
756
43,780 $
0.61 $
0.60 $
71,618,168
71,787,228
0.42 $
READY CAPITAL.
Q4 2021
121,942
(57,249)
64,693
(961)
63,732
$
816
3,452
66,451
$
$
21,928 $
19,642
8,081
10,209
2,323
$
(18,481) $
(2,805)
(13,847)
(3,585)
(2,867)
(2,358)
(8,904)
(4,080)
(12,801)
(69,728) $
60,455 $
(6,867)
53,588 $
1,999
371
51,218 $
0.69 $
0.68 $
74,163,951
74,326,672
0.42 $
Q1 2022
124,405
(61,017)
63,388
(1,542)
61,846
8,424
8,007
45,315
10,528
2,469
6,563
6,501
87,807
(27,968)
(3,000)
(979)
(5,126)
(3,196)
(8,920)
(5,699)
(12,653)
(67,541)
82,112
(17,849)
64,263
1,999
775
61,489
0.70
0.66
87,707,281
95,402,494
0.42
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