---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-008528"
form_type: "8-K"
ticker: "RC"
cik: "0001527590"
company_name: "Ready Capital Corp"
filed_at: "2023-05-08T23:59:59+00:00"
generated_at: "2026-06-15T13:05:08.112982+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Ready Capital Q1 GAAP EPS $0.30; announces merger with Broadmark

## Summary
- GAAP EPS $0.30 per common share; distributable earnings $0.31; distributable ROE 8.5%.
- Total investments $829M: $411M SBC originations, $326M residential mortgage loans, $92M SBA 7(a) loans.
- Declared cash dividend $0.40/share; net book value $15.07 per share as of March 31.
- Announced definitive merger with Broadmark Realty Capital; expected to create 4th largest commercial mortgage REIT (~$2.8B cap).
- Completed securitization of $586M floating-rate SBC loans; sold $484M senior bonds at SOFR + 2.9%.

## SEC filing metadata
- accession: 0001558370-23-008528
- form_type: 8-K
- ticker: RC
- cik: 0001527590
- company_name: Ready Capital Corp
- filed_at: 2023-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1527590/000155837023008528/0001558370-23-008528-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1527590/000155837023008528/rc-20230508x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-008528
- JSON: https://secwatch.observer/filing/0001558370-23-008528.json
- Plain text: https://secwatch.observer/filing/0001558370-23-008528.txt

## Key facts
- Earnings Releases
  Ready Capital Corp reported financial results for the quarter ended March 31, 2023.
  - Period: the quarter ended March 31, 2023
  - Result: reported results
  source text: On May 8, 2023, Ready Capital Corporation (the “Company”) issued an earnings release announcing the financial results for the quarter ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1527590/000155837023008528/0001558370-23-008528-index.htm

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