---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-011390"
form_type: "8-K"
ticker: "RC"
cik: "0001527590"
company_name: "Ready Capital Corp"
filed_at: "2024-08-07T23:59:59+00:00"
generated_at: "2026-05-31T11:43:29.874769+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ready Capital Q2 GAAP loss $(0.21)/share; distributable EPS $0.07; dividend $0.30

## Summary
- GAAP loss from continuing ops $(0.21) per share; distributable EPS $0.07; distributable EPS before realized losses $0.19.
- Sold $4.7B residential mortgage servicing rights for net $61.8M; exiting residential mortgage banking segment.
- Completed sale process of $462M under-performing loans; settlement expected in Q3 2024.
- Acquired Madison One (USDA/SBA lender); post-quarter acquired Funding Circle USA (small business lending).
- Repurchased ~2.3M shares at avg $8.61; net book value $12.97; dividend $0.30 declared and paid.

## SEC filing metadata
- accession: 0001558370-24-011390
- form_type: 8-K
- ticker: RC
- cik: 0001527590
- company_name: Ready Capital Corp
- filed_at: 2024-08-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1527590/000155837024011390/0001558370-24-011390-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1527590/000155837024011390/rc-20240807x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-011390
- JSON: https://secwatch.observer/filing/0001558370-24-011390.json
- Plain text: https://secwatch.observer/filing/0001558370-24-011390.txt

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