---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-007464"
form_type: "8-K"
ticker: "RC"
cik: "0001527590"
company_name: "Ready Capital Corp"
filed_at: "2022-05-06T23:59:59+00:00"
generated_at: "2026-06-25T22:58:06.753196+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ready Capital Q1 GAAP EPS $0.70, distributable EPS $0.52; completes $542M Mosaic merger

## Summary
- GAAP net income $64.3M ($0.70/share); distributable earnings $48.9M ($0.52/share); dividend coverage 1.3x.
- Completed $542M merger with Mosaic Real Estate Credit, expanding construction lending capabilities.
- Record SBC originations of $2.2B; total investments $3.1B including $769M residential mortgages.
- Raised $107.1M in common stock offering and closed $120M of 6.125% senior notes due 2025.
- Net book value $15.22/share; total leverage 4.4x, recourse 1.4x; 79% of SBC portfolio floating rate.

## SEC filing metadata
- accession: 0001558370-22-007464
- form_type: 8-K
- ticker: RC
- cik: 0001527590
- company_name: Ready Capital Corp
- filed_at: 2022-05-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1527590/000155837022007464/0001558370-22-007464-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1527590/000155837022007464/rc-20220506x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-007464
- JSON: https://secwatch.observer/filing/0001558370-22-007464.json
- Plain text: https://secwatch.observer/filing/0001558370-22-007464.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.