Earnings summaries and quarterly performance for Ready Capital.
Executive leadership at Ready Capital.
Board of directors at Ready Capital.
Research analysts who have asked questions during Ready Capital earnings calls.
JR
Jade Rahmani
Keefe, Bruyette & Woods
6 questions for RC
Also covers: ABR, ACRE, AMH +22 more
Crispin Love
Piper Sandler
4 questions for RC
Also covers: ABL, ABR, AGNC +24 more
DH
Douglas Harter
UBS
4 questions for RC
Also covers: ACRE, ACT, AGNC +42 more
Christopher Nolan
Ladenburg Thalmann
2 questions for RC
Also covers: CCAP, ECC, EIC +12 more
DH
Doug Harter
UBS Group AG
2 questions for RC
Also covers: AOMR, ARCC, ARI +20 more
Stephen Laws
Raymond James
2 questions for RC
Also covers: ABR, ACR, AJX +16 more
MH
Matthew Howlett
B. Riley Securities
1 question for RC
Also covers: AOMR, BRSP, BUR +9 more
Randy Binner
B. Riley Securities
1 question for RC
Also covers: ARR, BRSP, BUR +14 more
Recent press releases and 8-K filings for RC.
Ready Capital reports Q4 2025 losses and outlines balance sheet repositioning strategy
RC
Earnings
Guidance Update
New Projects/Investments
- Ready Capital is executing a comprehensive balance sheet repositioning strategy to strengthen liquidity and reduce its legacy CRE book by 60% to approximately $2 billion.
- For Q4 2025, the company reported a GAAP loss from continuing operations of $1.46 per common share and a distributable earnings loss of $0.43 per common share.
- Book value declined 14% per share in Q4 2025 to $8.79 per share, primarily due to a $173 million increase in valuation allowance and CECL reserves.
- The company plans to generate over $850 million in free cash to address upcoming debt maturities of $67 million in Q3 2026 and $450 million in Q4 2026, with $380 million already generated from Q4 2025 to date.
- The population of loans placed on nonaccrual significantly increased to 27% at year-end, which is a strategic decision related to asset sales and management rather than negative credit migration.
9 hours ago
Ready Capital Reports Q4 2025 Loss and Outlines Balance Sheet Repositioning Strategy
RC
Earnings
Management Change
New Projects/Investments
- Ready Capital reported a GAAP loss from continuing operations of $1.46 per common share and a distributable earnings loss of $0.43 per common share for Q4 2025, with book value declining 14% to $8.79 per share due to increased valuation allowances and CECL reserves.
- The company is executing a balance sheet repositioning strategy to generate over $850 million of free cash, reduce its legacy CRE book by 60% to approximately $2 billion, and achieve a 1.0 times reduction in leverage to 2.5x.
- Since the start of Q4 2025, Ready Capital has generated approximately $380 million in free cash and anticipates an additional $500 million by year-end 2026, primarily through portfolio runoff and planned loan sales, to address $67 million in Q3 2026 and $450 million in Q4 2026 debt maturities.
- Organizational changes include the promotion of Dominick Scali to Chief Credit Officer and Co-President of ReadyCap Commercial, and Gary Taylor transitioning to President of ReadyCap Lending (SBA business), aligning with a strategic shift to increase capital allocation to the SBA business from 10% to 20%.
9 hours ago
Ready Capital reports Q4 2025 GAAP loss and outlines balance sheet repositioning strategy
RC
Earnings
Management Change
Guidance Update
- Ready Capital reported a GAAP loss from continuing operations of $1.46 per common share and a distributable earnings loss of $0.43 per common share for Q4 2025. The company's book value declined 14% per share to $8.79 per share, largely due to a $173 million increase in valuation allowance and CECL reserves.
- The company is executing a comprehensive balance sheet repositioning strategy to generate over $850 million in free cash and reduce its legacy CRE book by 60% to approximately $2 billion. This plan aims to reduce leverage by 1 turn to 2.5x and includes a 25% reduction in operating costs.
- As of February 27, 2026, approximately $380 million in free cash has been generated since the start of Q4 2025, with an additional $500 million anticipated by year-end (Q4 2026) to address upcoming debt maturities of $67 million in Q3 2026 and $450 million in Q4 2026.
- Organizational changes were announced, including the promotion of Dominick Scali to Chief Credit Officer and Co-President of ReadyCap Commercial and Gary Taylor's transition to President of ReadyCap Lending, reflecting an increased capital allocation to the SBA business.
9 hours ago
Ready Capital Reports Q4 2025 Financial Results
RC
Earnings
Dividends
- For Q4 2025, Ready Capital reported a net loss from continuing operations of $(1.46) per common share and Distributable losses of $(0.43) per common share.
- The company declared a dividend of $0.01 per common share.
- The total loan portfolio was $5.9 billion at quarter-end, with total loan originations of $374.6 million and loan repayments of $442.3 million during the quarter.
- Book value per share was $8.79 , and the company completed the sale of 34 loans totaling $855.3 million in unpaid principal balance in February 2026.
12 hours ago
Ready Capital Corporation Reports Fourth Quarter and Full Year 2025 Results
RC
Earnings
M&A
- Ready Capital Corporation reported a GAAP loss per common share from continuing operations of $(1.46) and a distributable loss per common share of $(0.43) for the fourth quarter ended December 31, 2025.
- The company's book value was $8.79 per share of common stock as of December 31, 2025.
- Fourth quarter originations included $235 million in LMM commercial real estate and $140 million in Small Business Lending loans.
- For the full year 2025, total originations across all products reached $1.8 billion, and the company completed the acquisition of United Development Funding IV and the sale of GMFS, its Residential Mortgage Banking business.
- Subsequent to the quarter-end, Ready Capital completed the sale of 34 loans with an unpaid principal balance of $855.3 million and retired the 5.75% Senior Unsecured Note due February 2026.
1 day ago
Ready Capital Reports Q4 2025 Results
RC
Earnings
Dividends
Debt Issuance
- Ready Capital Corporation reported a GAAP loss per common share from continuing operations of $(1.46) and a distributable loss per common share of $(0.43) for the fourth quarter ended December 31, 2025.
- The company's book value per share was $8.79 as of December 31, 2025.
- Total loan originations for Q4 2025 were $374.6 million, which included $234.9 million of LMM commercial real estate loans.
- Ready Capital declared a dividend of $0.01 per common share for the fourth quarter of 2025.
- Subsequent to the quarter-end, the company completed the sale of 34 loans totaling $855.3 million in unpaid principal balance and retired the remaining outstanding 5.75% Senior Unsecured Note due February 2026.
1 day ago
Ready Capital Announces Leadership Changes
RC
Management Change
Hiring
- Ready Capital Corporation announced the appointment of Dominick Scali as Chief Credit Officer of the Company and Co-President of ReadyCap Commercial, LLC.
- David Cohen was elevated to the position of Co-President of ReadyCap Commercial, LLC.
- Gary Taylor stepped down as Chief Operating Officer of the Company, and Matt Cohen was promoted to Head of Operations and Chief Technology Officer.
- Adam Zausmer resigned as Chief Credit Officer of the Company.
1 day ago
Ready Capital Reports Q3 2025 Loss and Outlines Debt Maturity Strategy
RC
Earnings
Debt Issuance
Share Buyback
- Ready Capital reported a GAAP loss from continuing operations of $0.13 per common share and a distributable earnings loss of $0.94 per common share for Q3 2025, with book value per share at $10.28.
- The company is actively repositioning its balance sheet, completing two portfolio sales totaling $758 million in unpaid principal balance and netting $109 million, while also repurchasing 2.5 million shares at an average price of $4.17.
- Ready Capital is prioritizing the management of $650 million of debt maturing in 2026, leveraging $830 million of unencumbered assets (including $150 million of unrestricted cash) and $425 million in expected net liquidity from portfolio maturities and asset resolutions.
- The small business lending platform contributed positively, generating $11 million in net income from $175 million of SBA 7(a) loans and $67 million of USDA production in the quarter.
Nov 7, 2025, 1:30 PM
Ready Capital Reports Q3 2025 Loss Amidst Balance Sheet Repositioning and Debt Maturity Focus
RC
Earnings
Debt Issuance
Share Buyback
- Ready Capital reported a GAAP loss from continuing operations of $0.13 per common share and a distributable earnings loss of $0.94 per common share for Q3 2025, with book value per share at $10.28 at quarter-end.
- The company is actively repositioning its balance sheet, completing two portfolio sales totaling $758 million in unpaid principal balance, which included a sale of 21 loans that contributed $0.02 per share to earnings in the quarter.
- Ready Capital faces $650 million of debt maturing in 2026 and plans to address these obligations using $830 million of unencumbered assets (including $150 million of unrestricted cash) and $425 million in net liquidity from portfolio maturities and asset resolutions over the next 12 months.
- Small business lending operations originated $175 million of SBA 7(a) loans and $67 million of USDA production, generating $11 million in net income and adding 280 basis points return on equity. The company also repurchased 2.5 million shares at an average price of $4.17.
Nov 7, 2025, 1:30 PM
Ready Capital Reports Q3 2025 Financial Results
RC
Earnings
Dividends
Share Buyback
- Ready Capital Corporation (RC) reported a net loss from continuing operations of $(0.13) per common share and distributable losses of $(0.94) per common share for Q3 2025.
- The company declared a dividend of $0.125 per common share and its book value per share was $10.28.
- RC repurchased 2.5 million shares at an average price of $4.17, which had a $0.09 positive impact on book value per share.
- The total loan portfolio stood at $6.5 billion, with a 60+ core delinquency rate of 5.9% at quarter end.
- The company completed two portfolio sales of commercial real estate loans totaling $758 million, generating net proceeds of $109 million.
Nov 7, 2025, 1:30 PM
Quarterly earnings call transcripts for Ready Capital.
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