NYSE$RC
Ready Capital Corporation · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Ready Capital reported third quarter results with GAAP earnings per share of $0.61 and distributable earnings per share of $0.64.
Ready Capital Corporation reported strong third quarter results, driven by increased scale, expanded capabilities and an attractive economic climate. The company declared a dividend of $0.42 per share in cash with Distributable Earnings coverage of the dividend at 1.5x. Total investments were $2.3 billion, including $1.2 billion in SBC originations and acquisitions, $1.0 billion of residential mortgage loans, and $138.3 million of U.S. Small Business Administration 7(a) loans.
- Declared and paid dividend of $0.42 per share in cash with Distributable Earnings coverage of the dividend at 1.5x
- Total investments of $2.3 billion, including $1.2 billion in SBC originations and acquisitions, $1.0 billion of residential mortgage loans, and $138.3 million of U.S. Small Business Administration 7(a) loans
- Adjusted net book value of $15.06 per share of common stock as of September 30, 2021, 1.5% year-over-year growth
- Completed the Company’s sixth CRE CLO with $652.5 million of transitional loans securitized at an 83% advance rate and weighted average cost of 1.3%
Headline financials
Revenue & EPS history
Ready Capital · Revenue · Quarterly
$143M
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2021
-1.0%
Avg return
Earnings day
-1.5%
Avg return
5 days after
-0.2%
Avg return
30 days after
39%
22 / 56 earnings
Positive
+16.2%
Q2 2020
Best reaction
-26.8%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -12.9% | -21.7% | -21.7% | |
| Q4 2025 | +12.2% | +27.0% | -6.7% | |
| Q3 2025 | -1.7% | -11.0% | -12.4% | |
| Q1 2025 | -5.3% | -3.0% | -1.6% | |
| Q4 2024 | -26.8% | -22.7% | -26.3% | |
| Q3 2024 | +4.7% | +3.0% | +5.9% | |
| Q2 2024 | +0.1% | -4.7% | -9.8% | |
| Q1 2024 | -0.9% | +4.9% | -1.5% | |
| Q4 2023 | -5.0% | +0.3% | +2.1% | |
| Q3 2023 | +1.0% | -1.9% | +5.3% | |
| Q2 2023 | -0.8% | -2.5% | -5.1% | |
| Q1 2023 | -2.0% | +0.2% | +8.1% | |
| Q4 2022 | -9.9% | -10.6% | -19.0% | |
| Q3 2022 | +4.4% | +10.2% | +6.8% | |
| Q2 2022 | +1.3% | +1.6% | -7.2% | |
| Q1 2022 | -6.5% | -7.7% | -3.2% | |
| Q4 2021 | +6.6% | +7.6% | +13.5% | |
| Q3 2021 | +5.4% | +4.2% | +2.1% | |
| Q2 2021 | +2.6% | +2.5% | +3.5% | |
| Q1 2021 | +0.9% | -2.9% | +7.9% | |
| Q4 2020 | +4.3% | +4.1% | -4.0% | |
| Q3 2020 | -4.0% | -4.7% | +12.8% | |
| Q2 2020 | +16.2% | +16.1% | +25.7% | |
| Q1 2020 | -11.1% | -12.1% | +40.8% | |
| Q4 2019 | -18.7% | -34.7% | -47.6% | |
| Q3 2019 | +1.8% | +0.1% | -1.4% | |
| Q2 2019 | +1.4% | -0.3% | -0.3% | |
| Q1 2019 | -2.2% | -3.6% | -3.6% | |
| Q4 2018 | -4.0% | -5.8% | -8.0% | |
| Q3 2018 | -2.9% | -1.3% | +0.7% | |
| Q2 2018 | -0.3% | -2.1% | +2.1% | |
| Q1 2018 | +4.2% | +5.2% | +11.5% | |
| Q4 2017 | +2.7% | +2.4% | -3.4% | |
| Q3 2017 | +2.3% | +1.7% | +6.3% | |
| Q2 2017 | -1.0% | +0.0% | +4.4% | |
| Q1 2017 | -2.0% | -3.4% | +0.3% | |
| Q4 2016 | +4.1% | +3.7% | +6.7% | |
| Q4 2015 | +0.4% | +1.2% | +5.8% | |
| Q3 2016 | +1.6% | +2.8% | +6.3% | |
| Q2 2016 | -1.9% | -1.7% | -3.8% | |
| Q1 2016 | -0.5% | — | — | |
| Q4 2014 | -0.4% | — | — | |
| Q3 2015 | -5.9% | — | — | |
| Q2 2015 | -1.5% | — | — | |
| Q1 2015 | -0.9% | — | — | |
| Q3 2014 | -2.4% | — | — | |
| Q2 2014 | +7.2% | — | — | |
| Q1 2014 | -0.3% | — | — | |
| Q4 2013 | +0.8% | — | — | |
| Q3 2012 | -3.1% | — | — | |
| Q3 2013 | -3.1% | — | — | |
| Q2 2013 | -0.9% | — | — | |
| Q2 2012 | -0.9% | — | — | |
| Q4 2012 | -1.2% | — | — | |
| Q1 2013 | -1.2% | — | — | |
| Q1 2012 | -1.2% | — | — |
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