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Dec 31, 2019
Ready Capital Q4 2019 Earnings Report
Ready Capital reported Q4 2019 results, with net income and core earnings at $0.43 per share.
Key Takeaways
Ready Capital Corporation reported a net income of $20.9 million, or $0.43 per share, and core earnings of $21.0 million, or $0.43 per share, for the quarter ended December 31, 2019. The company originated $525.7 million and acquired $153.7 million of small balance commercial loans, and originated $70.2 million of SBA loans and $586.3 million of residential mortgage loans.
Reported U.S. GAAP Net Income of $20.9 million, or $0.43 per diluted share.
Achieved Core Earnings of $21.0 million, or $0.43 per diluted share.
Adjusted net book value was $16.12 per share as of December 31, 2019.
Originated $525.7 million and acquired $153.7 million of small balance commercial loans.