Ready Capital Q4 2021 Earnings Report
Key Takeaways
Ready Capital Corporation reported financial results for the quarter ended December 31, 2021, with GAAP earnings per common share of $0.69 and distributable earnings per common share of $0.67. The company's performance was driven by record originations in its SBC and SBA 7(a) lending businesses, contributing to total investments of $3.3 billion.
Total investments reached $3.3 billion, including $2.3 billion in SBC originations and acquisitions.
Residential mortgage loans amounted to $876.3 million.
U.S. Small Business Administration 7(a) loans totaled $135.7 million.
Declared and paid dividend of $0.42 per share in cash with distributable earnings coverage of the common dividend at 1.6x
Ready Capital
Ready Capital
Forward Guidance
The company's unique business model, diversified revenue streams and increased scale position the Company well to continue to deliver results for our shareholders going forward.