Ready Capital

Aug 05, 2021

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Jun 30, 2021

Ready Capital Q2 2021 Earnings Report

Ready Capital reported net income and distributable earnings for Q2 2021.

Key Takeaways

Ready Capital Corporation reported a net income of $30.9 million, or $0.38 per share, and distributable earnings of $41.4 million, or $0.52 per share for the quarter ended June 30, 2021. The company originated a record $1.1 billion of small-to-medium balance commercial loans and $145.7 million of SBA 7(a) loans.

U.S. GAAP Net income of $30.9 million, or $0.38 per diluted share of common stock

Distributable Earnings of $41.4 million, or $0.52 per diluted share of common stock

Adjusted net book value of $14.87 per share of common stock as of June 30, 2021

Originated a record $1.1 billion of small-to-medium balance commercial loans

Total Revenue

$47.6M

Previous year: $19.8M