---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-013611"
form_type: "8-K"
ticker: "RC"
cik: "0001527590"
company_name: "Ready Capital Corp"
filed_at: "2023-08-07T23:59:59+00:00"
generated_at: "2026-06-12T04:11:42.035712+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ready Capital Q2 GAAP EPS $1.87; completes $867M Broadmark merger

## Summary
- GAAP EPS $1.87; distributable EPS $0.36; distributable ROE 9.3% for Q2 2023.
- Completed $867M acquisition of Broadmark Realty Capital, becoming 4th largest commercial mortgage REIT.
- Total investments $1.1B: $512M SBC originations, $424M residential mortgage loans, $121M SBA 7(a).
- Closed $649M securitization of floating rate SBC loans; sold $509M senior bonds at SOFR+2.94%.
- Initiated $100M stock buyback; repurchased 1.7M shares at avg $10.82; declared $0.40/share dividend.

## SEC filing metadata
- accession: 0001558370-23-013611
- form_type: 8-K
- ticker: RC
- cik: 0001527590
- company_name: Ready Capital Corp
- filed_at: 2023-08-07T23:59:59+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/1527590/000155837023013611/0001558370-23-013611-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1527590/000155837023013611/rc-20230807x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-013611
- JSON: https://secwatch.observer/filing/0001558370-23-013611.json
- Plain text: https://secwatch.observer/filing/0001558370-23-013611.txt

## Key facts
- Earnings Releases
  Ready Capital Corp reported financial results for quarter ended June 30, 2023.
  - Period: quarter ended June 30, 2023
  - Result: reported results
  source text: On August 7, 2023, Ready Capital Corporation (the “Company”) issued an earnings release announcing the financial results for the quarter ended June 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1527590/000155837023013611/0001558370-23-013611-index.htm

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