NYSE$RC
Ready Capital Corporation · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Ready Capital reported financial results for Q3 2023, with distributable earnings per common share of $0.28 and GAAP earnings per common share of $0.25.
Ready Capital Corporation reported its Q3 2023 financial results, highlighting total investments of $984 million, including SBC originations, residential mortgage loans, and SBA 7(a) loans. The company's distributable earnings per common share was $0.28, and GAAP earnings per common share was $0.25. The company expects short-term earnings pressure from the Broadmark acquisition to abate in upcoming quarters.
- Total investments reached $984 million, including $464 million in SBC originations.
- Residential mortgage loans totaled $391 million.
- U.S. Small Business Administration 7(a) loans amounted to $129 million.
- Dividend of $0.36 per share was declared and paid in cash.
Headline financials
Revenue & EPS history
Ready Capital · Revenue · Quarterly
$119M
Forward guidance
Ready Capital anticipates that the short-term earnings pressure from the Broadmark acquisition will subside in the coming quarters. The company expects its well-positioned balance sheet, strong liquidity, and origination platform to contribute to earnings growth in the new year.
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 2023
-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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