NYSE$RC

Ready Capital Corporation · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Ready Capital reported Q4 2019 results, with net income and core earnings at $0.43 per share.

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.

Headline financials

Total Revenue

$23.4M

Previous: $15M+56.7%
EPS (adj)

$0.43

Previous: $0.34+26.5%
Book Value Per Share

$16.12

No prior period
Dividend Per Share

$0.40

No prior period
Net Income

$20.9M

Previous: $9.12M+129.5%
Operating Income

$19M

No prior period
Cash & Equivalents

$67.9M

Previous: $54.4M+24.9%
Total Assets

$4.98B

Previous: $3.04B+63.9%
Stock-Based Comp

$1.48M

No prior period

Revenue & EPS history

Ready Capital · Revenue · Quarterly

$23.4M

Q4 2019+56.7%vs Q4 2018
Beat estimate in 4 of 16 quarters(25%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2019

Historical avgQ4 2019

-1.0%

Avg return

Earnings day

-1.5%

Avg return

5 days after

+0.4%

Avg return

30 days after

39%

22 / 56 earnings

Positive

+16.2%

Q2 2020

Best reaction

-26.8%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-12.5%-21.3%
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 2013-3.1%
Q3 2012-3.1%
Q2 2013-0.9%
Q2 2012-0.9%
Q1 2013-1.2%
Q4 2012-1.2%
Q1 2012-1.2%

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