---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-007407"
form_type: "8-K"
ticker: "RC"
cik: "0001527590"
company_name: "Ready Capital Corp"
filed_at: "2024-05-09T23:59:59+00:00"
generated_at: "2026-06-02T05:43:10.579878+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ready Capital reports Q1 GAAP loss $(0.45)/share; distributable earnings $0.29/share

## Summary
- GAAP loss per common share from continuing ops $(0.45); distributable earnings per common share $0.29.
- Total investments $457M, including record $197M SBA 7(a) loans; LMM originations $260M.
- Declared and paid $0.30/share quarterly dividend; net book value $13.44 per share as of March 31.
- Repurchased 2.1M shares in Q1 (avg $8.88); entered $115.25M delayed draw term loan, $75M drawn.

## SEC filing metadata
- accession: 0001558370-24-007407
- form_type: 8-K
- ticker: RC
- cik: 0001527590
- company_name: Ready Capital Corp
- filed_at: 2024-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1527590/000155837024007407/0001558370-24-007407-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1527590/000155837024007407/rc-20240509x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-007407
- JSON: https://secwatch.observer/filing/0001558370-24-007407.json
- Plain text: https://secwatch.observer/filing/0001558370-24-007407.txt

## Key facts
- Earnings Releases
  Ready Capital Corp reported first quarter 2024 results: EPS -$(0.45) GAAP loss per share from continuing operations; distributable earnings per share $0.29.
  - Period: first quarter 2024
  - EPS: -$(0.45) GAAP loss per share from continuing operations; distributable earnings per share $0.29
  - Result: reported results
  source text: READY CAPITAL CORPORATION REPORTS FIRST QUARTER 2024 RESULTS - GAAP LOSS PER COMMON SHARE FROM CONTINUING OPERATIONS OF $(0.45) - - DISTRIBUTABLE EARNINGS PER COMMON SHARE OF $0.29 - - DISTRIBUTABLE RETURN ON AVERAGE STOCKHOLDERS’ EQUITY OF 8.6%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1527590/000155837024007407/0001558370-24-007407-index.htm

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