secwatch.observer — SEC 8-K summary
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Issuer:     Ready Capital Corp (RC)
CIK:        0001527590
Form:       8-K
Filed at:   2022-11-07T23:59:59+00:00
Accession:  0001558370-22-016617
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527590/000155837022016617/0001558370-22-016617-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527590/000155837022016617/rc-20221107x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-016617

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