secwatch.observer — SEC 8-K summary
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Issuer:     Ready Capital Corp (RC)
CIK:        0001527590
Form:       8-K
Filed at:   2025-08-08T23:59:59+00:00
Accession:  0001628280-25-039039
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ready Capital Q2 GAAP loss $0.31; distributable loss $0.14; book value $10.44
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- GAAP loss per common share from continuing operations of $(0.31); distributable loss per share of $(0.14).
- Book value per share of common stock $10.44 as of June 30, 2025.
- LMM loan originations $173M; SBL originations $359M (incl. $216M SBA 7(a) and $96M USDA).
- Repurchased 8.5M shares at avg $4.41 under stock repurchase program.
- Subsequent: sold 21 loans (carrying value $494M) for net proceeds $85M on Aug 6, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1527590/000162828025039039/0001628280-25-039039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1527590/000162828025039039/rc-20250808.htm
  HTML page:      https://secwatch.observer/filing/0001628280-25-039039

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer