secwatch.observer — SEC 8-K summary
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Issuer:     Ready Capital Corp (RC)
CIK:        0001527590
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001628280-24-046328
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527590/000162828024046328/0001628280-24-046328-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527590/000162828024046328/rc-20241107.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-046328

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