For the quarter ended June 2024, Ready Capital (RC) reported revenue of $50.95 million, down 15.6% over the same period last year. EPS came in at $0.07, compared to $0.35 in the year-ago quarter. The reported revenue represents a surprise of -17.51% over the Zacks Consensus Estimate of $61.77 million. With the consensus EPS estimate being $0.26, the EPS surprise was -73.08%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine ...

- GAAP LOSS PER COMMON SHARE FROM CONTINUING OPERATIONS OF $(0.21) - - DISTRIBUTABLE EARNINGS PER COMMON SHARE OF $0.07 - - DISTRIBUTABLE EARNINGS PER COMMON SHARE BEFORE REALIZED LOSSES OF $0.19 - - DISTRIBUTABLE RETURN ON AVERAGE STOCKHOLDERS' EQUITY OF 2.6% - NEW YORK, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation ("Ready Capital" or the "Company") (NYSE: RC), a multi-strategy real estate finance company that originates, acquires, finances, and services lower-to-middle-market ("LMM") invest ...

Core Viewpoint - Ready Capital Corporation will release its second quarter 2024 financial results on August 7, 2024, after market close, followed by a conference call on August 8, 2024, at 8:30 a.m. Eastern Time to discuss the results and provide a business update [1]. Company Overview - Ready Capital Corporation (NYSE: RC) is a multi-strategy real estate finance company that focuses on originating, acquiring, financing, and servicing lower-to-middle-market commercial real estate loans [5]. - The company specializes in loans backed by commercial real estate, including agency multifamily, investor, construction, and bridge loans, as well as U.S. Small Business Administration loans under its Section 7(a) program [5]. - Headquartered in New York, the company employs approximately 350 professionals nationwide [5]. Conference Call Details - The conference call can be accessed by dialing 877-407-0792 for domestic calls or 201-689-8263 for international calls [3]. - A replay of the call will be available approximately two hours after the live call and can be accessed until August 22, 2024, using the domestic number 844-512-2921 or the international number 412-317-6671 with the replay pin number 13746991 [4]. - The company encourages the use of the webcast for the conference call due to potential extended wait times for dial-in access [2].

NEW YORK, July 31, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE: RC) (the "Company") today announced that the Company will release its second quarter 2024 financial results after the New York Stock Exchange closes on Wednesday, August 7, 2024. Management will host a webcast and conference call on Thursday, August 8, 2024 at 8:30 a.m. Eastern Time to provide a general business update and discuss the financial results for the quarter ended June 30, 2024. Webcast: The Company encourages use of the ...

FORT LAUDERDALE, Fla., June 24, 2024 /PRNewswire/ -- iBusiness Funding LLC (iBusiness), the technology and lending services division of Ready Capital Corporation (NYSE: RC), and Funding Circle Holdings plc are pleased to announce a share purchase agreement, positioning iBusiness Funding, LLC as the new owner of FC USA and its subsidiaries, contingent on the return of its Small Business Lending Company (SBLC) license to the SBA. iBusiness Funding Logo (PRNewsfoto/iBusiness Funding)iBusiness Funding Logo (PRN ...

The Company declared a dividend of $0.390625 per share of Series C Preferred Stock payable on July 15, 2024, to Series C Preferred stockholders of record as of the close of business on June 28, 2024, which is the effective record date since June 30, 2024, is not a business day. About Ready Capital Corporation Contact NEW YORK, June 14, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) (the "Company") announced that its Board of Directors declared a quarterly cash dividend of $0.30 per share of co ...

NEW YORK, June 14, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) (the "Company") announced that its Board of Directors declared a quarterly cash dividend of $0.30 per share of common stock and Operating Partnership unit for the quarter ended June 30, 2024. This dividend is payable on July 31, 2024, to shareholders of record as of the close of business on June 28, 2024. Additionally, the Company announced that its Board of Directors declared quarterly cash dividends on its 6.25% Series C Cumul ...

Core Insights - Ready Capital Corporation has acquired Madison One Capital, M1 CUSO, and Madison One Lender Services, enhancing its position in the government guaranteed loan industry, particularly in USDA and SBA loan products [1][2][5] Group 1: Acquisition Details - The acquisition aims to expand Ready Capital's presence in USDA lending, supporting guaranteed loans for small businesses and energy projects in rural areas [2] - Madison One will operate as a subsidiary under its current name, with its team remaining intact and reporting to ReadyCap Lending's CEO [3][4] Group 2: Financial Impact - The transaction is expected to generate over $300 million in USDA loan volume annually, contributing to Ready Capital's gain-on-sale earnings [5] - Ready Capital is already the fourth largest originator of SBA 7(a) loans, indicating a strong foothold in the small business lending market [2] Group 3: Strategic Benefits - The partnership is anticipated to provide Madison One with a direct balance sheet, facilitating growth in its USDA platform and offering more flexible financing options for rural clients [5] - The acquisition is expected to create synergies that will enable Madison One to extend more capital into rural America [5]

Access to a live audio-webcast of the presentation in listen-only mode will be available through the "Investor Relations" section of the Company's website, www.readycapital.com. A replay of the webcast will be archived on the Company's website. NEW YORK, June 03, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (NYSE:RC) (the "Company") announced that Tom Capasse, Ready Capital's Chairman and Chief Executive Officer, will present at REITweek 2024: Nareit's Investor Conference at the New York Hilton Midtow ...

Company Overview - Ready Capital Corporation (NYSE: RC) is a multi-strategy real estate finance company that focuses on originating, acquiring, financing, and servicing lower-to-middle-market commercial real estate loans [3] - The company specializes in loans backed by commercial real estate, including agency multifamily, investor, construction, bridge loans, and U.S. Small Business Administration loans under its Section 7(a) program [3] - Headquartered in New York, the company employs approximately 350 professionals nationwide [3] Upcoming Event - Tom Capasse, the Chairman and CEO of Ready Capital, will present at REITweek 2024: Nareit's Investor Conference on June 5, 2024, at 2:00 p.m. Eastern Time [1] - A live audio-webcast of the presentation will be available in listen-only mode through the "Investor Relations" section of the company's website, with a replay archived afterward [2]