Ready Capital Corp. (RC) Reports In-Line Q3 EPS

Ready Capital Corp. (NYSE: RC) reported Q3 EPS of $0.40, in-line with the analyst estimate of $0.40.

Third Quarter Highlights:

• U.S. GAAP Net Income of $12.4 million, or $0.27 per diluted share of common stock
• Core Earnings of $18.2 million, or $0.40 per diluted share of common stock
• Adjusted net book value of $16.16 per share of common stock as of September 30, 2019
• Originated $465.4 million and acquired $77.9 million of small balance commercial ("SBC") loans
• Originated $48.2 million of loans guaranteed by the U.S. Small Business Administration (the "SBA") under its Section 7(a) loan program
• Originated $656.8 million of residential mortgage loans
• Declared and paid dividend of $0.40 per share
• Subsequent to quarter end, completed the acquisition of Knight Capital LLC

Thomas Capasse, Chairman and Chief Executive Officer commented, "We are pleased with the quarter's financial results which mark continued progress in providing our shareholders with a stable and attractive risk adjusted return. Record origination levels in both our small balance commercial and residential operating businesses are indicative of the operating leverage we anticipated with increased scale."

For earnings history and earnings-related data on Ready Capital Corp. (RC) click here.

You May Also Be Interested In

• Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
• NVE Corporation names new CEO and expands board to seven members
• Keurig Dr Pepper coffee chief to depart ahead of planned split