Ready Capital Q3 GAAP EPS $0.53, distributable EPS $0.46, book value $15.40

Ready Capital Corp

2022-Q3 EPS reported $1.56

Net income $66.3M, diluted EPS $0.53; distributable earnings $58.2M, $0.46 per share.
Total investment activity $1.5B includes $831.1M SBC, $534.3M residential, $133.6M SBA.
Declared $0.42/share dividend, covered 1.1x by distributable earnings.
Issued $100M of 7.375% senior notes due 2027; increased repurchase program to $50M.
Subsequent to Q3: repurchased ~3.6M shares at avg $10.34 in Oct; securitized $860.1M SBC loans.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Ready Capital Corp reported the quarter ended September 30, 2022 results: net income $66.3 million, EPS $0.53 per common share.

Period: the quarter ended September 30, 2022
Net income: $66.3 million
EPS: $0.53 per common share
Result: reported results

Exact text from the filing

Ready Capital Corporation (“Ready Capital” or the “Company”) (NYSE: RC), a multi-strategy real estate finance company that originates, acquires, finances, and services small-to-medium balance commercial loans, today reported financial results for the quarter ended September 30, 2022.

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Source: SEC EDGAR

accession 0001558370-22-016617

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