Ready Capital reports Q3 GAAP loss of $(0.07)/share; record SBA lending of $440M

Ready Capital Corp

2024-Q3 EPS reported -$0.75

GAAP loss from continuing ops of $(0.07) per share; Distributable Earnings loss of $(0.28) per share.
Distributable Earnings before realized losses of $0.25 per share; return on equity before realized losses 8.4%.
Record Small Business Lending originations of $440M, including $355M SBA 7(a) loans.
Net book value per share $12.59 as of Sept 30; dividend of $0.25 per share declared and paid.
Acquired Funding Circle USA, Inc. to strengthen Small Business Lending platform.

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