NYSE$RC

Ready Capital Corporation · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Ready Capital reported record results driven by strong originations and acquisitions in SBC and SBA 7(a) lending businesses.

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

Headline financials

Total Revenue

$53.6M

Previous: $23.5M+128.1%
EPS (adj)

$0.67

Previous: $0.51+31.4%
Dividend Per Share

$0.42

Previous: $0.35+20.0%
Net Income

$53.6M

Previous: $27.6M+94.4%
Operating Income

$60.5M

Previous: $31.8M+89.9%
Cash & Equivalents

$193M

Previous: $139M+38.9%
Total Assets

$9.53B

Previous: $5.37B+77.5%
Stock-Based Comp

$1.71M

Previous: $5.3M-67.8%

Revenue & EPS history

Ready Capital · Revenue · Quarterly

$53.6M

Q4 2021+128.1%vs Q4 2020
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

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.

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 Q4 2021

Historical avgQ4 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

Earnings price reactions
QuarterReport dateReaction (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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