Ready Capital Corp. (RC) Tops Q4 EPS by 2c

Ready Capital Corp. (NYSE: RC) reported Q4 EPS of $0.43, $0.02 better than the analyst estimate of $0.41.

Fourth Quarter Highlights:

• U.S. GAAP Net Income of $20.9 million, or $0.43 per diluted share of common stock
• Core Earnings of $21.0 million, or $0.43 per diluted share of common stock
• Adjusted net book value of $16.12 per share of common stock as of December 31, 2019
• Originated $525.7 million and acquired $153.7 million of small balance commercial ("SBC") loans
• Originated $70.2 million of loans guaranteed by the U.S. Small Business Administration (the \"SBA\") under its Section 7(a) loan program
• Originated $586.3 million of residential mortgage loans
• Declared and paid dividend of $0.40 per share

Thomas Capasse, Chairman and Chief Executive Officer said, "We closed out a very positive 2019 continuing to sequentially grow our net interest income while starting to benefit from the operating leverage afforded through increased scale. Volumes remain robust across most business lines led by record origination levels in both our small balance commercial and residential operating businesses as we continue to take advantage of our platform diversity."

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

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