secwatch.observer — SEC 8-K summary
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Issuer:     Ready Capital Corp (RC)
CIK:        0001527590
Form:       8-K
Filed at:   2024-02-27T23:59:59+00:00
Accession:  0001558370-24-001842
Event type: earnings
Sentiment:  positive
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ready Capital Q4 2023 GAAP EPS $0.12, distributable EPS $0.26; pays $0.30 dividend
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- GAAP EPS from continuing ops $0.12; distributable EPS $0.26; distributable ROAE 7.5%.
- Net book value $14.10/share as of Dec 31, 2023; paid dividend $0.30/share.
- Q4 total investments $449M: $297M LMM originations + $152M SBA 7(a) loans.
- Full-year GAAP EPS $2.27, distributable EPS $1.18; distributable ROAE 8.6%.
- Completed Broadmark merger; liquidated 23% of portfolio; initiated $100M buyback, repurchased 1.7M shares at $10.82 avg.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527590/000155837024001842/0001558370-24-001842-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527590/000155837024001842/rc-20240227x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-001842

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