Company Analysis

Ready Capital Corporation (RC)

NYSE: RC · Real Estate Investment Trusts · New York, NY · filing with the SEC since 2011
Grade3.6
◀ Past 4.3● Present 4.2▶ Future 1.9

Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.
Income statement, by fiscal year, newest first
Fiscal yearFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018FY 2017FY 2016
Period endingDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021Dec 31, 2020Dec 31, 2019Dec 31, 2018Dec 31, 2017Dec 31, 2016
Report filedMar 2, 2026Mar 3, 2025Feb 28, 2024Feb 28, 2023Feb 28, 2022Mar 15, 2021Mar 12, 2020Mar 13, 2019Mar 16, 2018Mar 15, 2017
For lenders
Interest and dividend income569,166896,975945,814663,217r395,196r258,636229,916169,499138,305137,023
Interest expense on deposits and borrowings514,125696,455716,468392,360······
Net interest income55,041200,520229,346270,857r190,828r83,15578,03660,26163,65979,251
Provision for credit losses87,038292,7597,23034,4428,04934,7263,6841,7012,3637,819
Net interest income after provision-31,997-92,239222,116236,415r182,779r48,42974,35258,56061,29671,432
Noninterest income46,708-101,765408,468154,951r132,990r334,757174,628147,923141,218r65,518r
Noninterest expense317,267322,507272,165216,340r183,609r328,733184,476143,640154,861r71,735r
Interest expense··716,468392,360r204,368r175,481151,880109,23874,64657,772
Share of profit of equity-method investments4,56210,886-90511,6616,9162,4046,08812,1481,048·
Income before income taxes-302,556-516,511358,419175,026r132,160r54,45364,50462,84347,65365,215
Income tax expense-86,703-104,5127,17415,475r14,859r8,384-10,5521,3861,8399,651
Income from continuing operations-215,853-411,999351,245159,551r117,301r46,06975,05661,45745,81455,564
Income from discontinued operations-5,208-18,399-2,83443,61242,673····-2,158
Net income including non-controlling interests-221,061-430,398348,411203,163159,97446,06975,05661,45745,81453,406
Net income to non-controlling interests7,8545,3578,9608,9002,2301,1992,0882,1992,5244,237
Net income·····44,87072,96859,25843,29049,169
Preferred dividends7,9967,9967,9977,9967,503·····
Net income to common shareholders-236,911-443,751331,454186,267150,24144,87072,96859,04143,22849,169
Earnings per share, basic-1.44-2.632.251.732.170.811.721.841.381.85
Earnings per share, diluted-1.44-2.632.221.65r2.16r0.811.721.841.381.85
Weighted average shares, basic164,544,350169,107,477146,841,594106,878,13968,511,57853,736,52342,011,75032,085,97531,350,10226,647,981
Weighted average shares, diluted167,259,712170,472,273148,567,026117,193,95868,660,90653,818,37842,047,64832,102,18431,351,61126,647,981
Weighted average shares, basic and diluted·········26,647,981
As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. r restated by the company in a later report; b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.
What each line is, and the XBRL concept behind it
Interest and dividend income what its loans and securities earnedus-gaap:InterestAndDividendIncomeOperating
Interest expense on deposits and borrowings what it paid for the money it lendsus-gaap:InterestExpenseOperating
Net interest income interest earned less interest paidus-gaap:InterestIncomeExpenseNet
Provision for credit losses set aside for loans that may not be repaidus-gaap:ProvisionForLoanLossesExpensed
Net interest income after provision interest income left after the provisionus-gaap:InterestIncomeExpenseAfterProvisionForLoanLoss
Noninterest income fees and other income that is not interestus-gaap:NoninterestIncome
Noninterest expense salaries, buildings and the other costs of running the bankus-gaap:NoninterestExpense
Interest expense what its borrowing costus-gaap:InterestExpense
Share of profit of equity-method investments its share of companies it partly ownsus-gaap:IncomeLossFromEquityMethodInvestments
Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit
Income from continuing operations profit from the businesses it keepsus-gaap:IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
Income from discontinued operations profit or loss from businesses it sold or closedus-gaap:IncomeLossFromDiscontinuedOperationsNetOfTax
us-gaap:IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss
Net income to non-controlling interests the share that belongs to minority holdersus-gaap:NetIncomeLossAttributableToNoncontrollingInterest
Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss
Preferred dividends paid to preferred holders before common shareholdersus-gaap:PreferredStockDividendsIncomeStatementImpact
Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic
Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic
Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted
Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic
Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding
Weighted average shares, basic and diluted the average count, where both counts are the sameus-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted
SI Assistanton RC · research, not advice