Exhibit 99.1 READY CAPITAL CORPORATION REPORTS FOURTH QUARTER 2023 RESULTS - GAAP EARNINGS PER COMMON SHARE FROM CONTINUING OPERATIONS OF $0.12 - - DISTRIBUTABLE EARNINGS PER COMMON SHARE OF $0.26 - - DISTRIBUTABLE RETURN ON AVERAGE STOCKHOLDERS' EQUITY OF 7.5% - New York, New York, February 27, 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-marke ...

FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 Commission File Number: 001-35808 Table of Contents READY CAPITAL CORPORATION UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large a ...

Ready Capital Corporation (NYSE:RC) Q3 2023 Results Conference Call November 8, 2023 8:30 AM ET Company Participants Andrew Ahlborn - CFO Adam Zausmer - Chief Credit Officer Tom Capasse - CEO Conference Call Participants Sarah Barcomb - BTIG Jade Rahmani - KBW Henry Coffey - Wedbush Matt Howlett - B. Riley Securities Operator Greetings, and welcome to the Ready Capital Third Quarter 2023 Earnings Call [Operator Instructions] As a reminder, this conference is being recorded. I would now like to turn the conf ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 Commission File Number: 001-35808 READY CAPITAL CORPORATION (Exact Name of Registrant as Specified in its Charter) (State or Other Jurisdiction of Incorporation or Organization) (IRS Employer Identification No.) Maryland 90-0729143 1251 Avenue of the Americas, 50 th Floor, New Y ...

Ready Capital Corporation (NYSE:RC) Q2 2023 Earnings Conference Call August 8, 2023 8:30 AM ET Company Participants Andrew Ahlborn - CFO Tom Capasse - CEO Adam Zausmer - CCO Conference Call Participants Crispin Love - Piper Sandler Stephen Laws - Raymond James Christopher Nolan - Ladenburg Thalmann Jade Rahmani - KBW Matt Howlett - B. Riley Securities Operator Greetings, ladies and gentlemen, and welcome to the Ready Capital Second Quarter of 2023 Earnings Call. At this time, all participants are in listen- ...

Financial Performance - Net income for Q1 2023 was $36,978,000, a decrease of 42.5% compared to $64,263,000 in Q1 2022[321]. - Basic earnings per share (EPS) decreased to $0.30 in Q1 2023 from $0.70 in Q1 2022, representing a decline of 57.1%[321]. - Diluted EPS also fell to $0.29 in Q1 2023 from $0.66 in Q1 2022, a decrease of 56.1%[321]. - Distributable earnings for Q1 2023 were $38,149,000, a decline of 21.9% compared to $48,863,000 in Q1 2022[400]. - The return on equity for Q1 2023 was 8.2%, down from 18.0% in Q1 2022[400]. - Consolidated net income for Q1 2023 was $37.0 million, a decrease of $27.3 million (42.4%) from $64.3 million in Q1 2022[423]. Assets and Liabilities - Total assets as of March 31, 2023, were $11,537,463,000, compared to $11,476,244,000 as of March 31, 2022, reflecting a growth of 0.5%[358]. - The company reported total liabilities of $2,657,222,000 as of March 31, 2023, with secured borrowings accounting for $2,484,902,000[328]. - Total liabilities were $9.6 billion, a decrease of $74 million (0.8%) from December 31, 2022, mainly due to reductions in secured borrowings and accounts payable[407]. - The total carrying amount of debt was $1,122,110,000, which includes senior secured notes, convertible notes, and corporate debt[454]. - The investment in unconsolidated joint ventures was $114.2 million, reflecting a slight decrease of $4.5 million (3.8%)[406]. Income and Expenses - Interest income for the three months ended March 31, 2023, was $217,573,000, a significant increase from $124,405,000 in the same period of 2022, representing a growth of 74.9%[358]. - Total non-interest income for Q1 2023 was $44,098,000, up from $87,807,000 in Q1 2022, indicating a decrease of 49.8%[358]. - Total non-interest expense for Q1 2023 was $70,642,000, compared to $67,541,000 in Q1 2022, showing an increase of 3.1%[358]. - Total other operating expenses rose to $14,318 thousand in Q1 2023, up from $12,653 thousand in Q1 2022, indicating an increase of about 13%[299]. Loan Activity - Total loan originations in Q1 2023 amounted to $828,794,000, down 72.9% from $3,064,974,000 in Q1 2022[405]. - The Company originated $109.5 million of PPP loans and recognized fees totaling $5.2 million in the period of origination[294]. - Total PPP related assets decreased from $190,509 thousand as of December 31, 2022, to $148,904 thousand as of March 31, 2023, representing a decline of approximately 22%[296]. - Loans, net decreased by $448 million (12.5%) to $3.1 billion, primarily due to the closing of RCMF 2023-FL11[406]. - Loans, net in the SBC Lending segment amounted to $9.4 billion, while small business lending and residential mortgage banking contributed $540 million and $5.1 million, respectively[409]. Equity and Dividends - The Company declared dividends of $0.1 million and $1.9 million for its Series C and Series E Preferred Stock, respectively, during the three months ended March 31, 2023[319]. - The dividend yield increased to 15.7% in Q1 2023 from 11.2% in Q1 2022[400]. - Total stockholders' equity was $1.9 billion, a decrease of $10 million from December 31, 2022, primarily due to declared dividends of $45 million, partially offset by net income of $37 million[408]. Risk Management - The company is exposed to various risks including market risk, credit risk, and liquidity risk associated with its financial instruments[329][330]. - The company manages counterparty credit risk through diversification and monitoring the creditworthiness of counterparties[333]. - The Company is exposed to liquidity risk, which includes the risk of not being able to fund acquisition and origination activities at settlement dates[338]. - The company is subject to credit risk, with potential increases in defaults adversely impacting operating results[396]. Strategic Initiatives - The company is focused on expanding its construction lending capabilities through the acquisition of the Mosaic Funds, which is expected to enhance its operational scale and synergies[363]. - The company expects the Broadmark Merger to close in the second quarter of 2023, which will increase the number of directors on the Board from nine to twelve[380][379]. - The company has a large and active pipeline of potential acquisition and origination opportunities, although competition may limit the ability to capitalize on these[403]. Financial Instruments and Hedging - The company utilizes interest rate swaps to mitigate risks associated with changing interest rates, which involves receiving variable-rate interest amounts in exchange for fixed-rate payments[336]. - The company utilizes derivative financial and hedging instruments to manage interest rate risk associated with fixed-rate mortgages[388]. - The total gross fair value of derivative contracts as of March 31, 2023, was $47,877,000, with $34,104,000 offset in the consolidated balance sheets[328]. Compliance and Accounting - The company must distribute at least 90% of its net taxable income to maintain its REIT status, with compliance confirmed as of March 31, 2023[350]. - The company’s financial statements are prepared in accordance with GAAP, requiring the use of estimates and assumptions[469]. - The implementation of the Current Expected Credit Loss (CECL) model began on January 1, 2020, replacing the previous incurred loss methodology[471].

Ready Capital Corporation (NYSE:RC) Q1 2023 Results Conference Call May 9, 2023 8:30 AM ET Company Participants Andrew Ahlborn - Chief Financial Officer Tom Capasse - Chief Executive Officer Adam Zausmer - Chief Credit Officer Conference Call Participants Stephen Laws - Raymond James Jade Rahmani - KBW Steven DeLaney - JMP Securities Matthew Howlett - the B. Riley Operator Greetings, and welcome to the Ready Capital First Quarter 2023 Earnings Call. At this time, all participants are in a listen-only mode. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-35808 READY CAPITAL CORPORATION (Exact name of registrant as specified in its charter) Maryland 90-0729143 (State or other jurisdiction of inco ...

Ready Capital Corporation (NYSE:RC) Q4 2022 Earnings Conference Call February 27, 2023 8:00 AM ET Company Participants Tom Capasse - CEO Andrew Ahlborn - CFO Adam Zausmer - CCO Conference Call Participants Crispin Love - Piper Sandler Stephen Laws - Raymond James Steven DeLaney - JMP Securities Christopher Nolan - Ladenburg Thalmann Jade Rahmani - KBW Matt Howlett - B. Riley Operator Greetings, and welcome to the Ready Capital Corporation fourth quarter 2022 earnings conference call. At this time, all parti ...

Financial Performance - Total management fees for the three months ended September 30, 2022, were $5.4 million, compared to $2.7 million in the same period of 2021, representing a 100% increase [332]. - Total incentive fee distribution for the three months ended September 30, 2022, was $0.9 million, down from $2.8 million in the same period of 2021, a decrease of 67.9% [336]. - The Company reported a net income of $66.253 million for the three months ended September 30, 2022, an increase of 42.4% from $46.535 million in the same period in 2021 [379]. - Basic earnings per share (EPS) for the three months ended September 30, 2022, was $0.53, compared to $0.61 for the same period in 2021, representing a decrease of 13.1% [379]. - Diluted EPS for the nine months ended September 30, 2022, was $1.56, an increase of 6.8% from $1.46 in the same period in 2021 [379]. - The company reported distributable earnings of $58.186 million for the three months ended September 30, 2022, compared to $49.365 million in the same period of 2021, reflecting a 17.5% increase [467]. - Consolidated net income for the nine months ended September 30, 2022, was $189.5 million, an increase of $83.1 million from the same period in 2021, driven by higher loan volumes and interest income from PPP loans [499]. Assets and Liabilities - The total other assets as of September 30, 2022, amounted to $213.0 million, an increase from $172.1 million as of December 31, 2021 [344]. - As of September 30, 2022, total PPP related assets amounted to $278.4 million, a decrease of 68.3% from $877.8 million as of December 31, 2021 [359]. - Total assets as of September 30, 2022, reached $11,858,211,000, indicating a stable asset base [423]. - Total liabilities increased to $9.881 billion as of September 30, 2022, up $1.636 billion or 19.8% from $8.245 billion at the end of 2021 [474]. - Stockholders' equity rose by $688 million to $1.969 billion as of September 30, 2022, primarily due to equity raised from the Mosaic Mergers and public offerings [476]. Income and Expenses - Total interest income for the three months ended September 30, 2022, was $186,026,000, with a net interest income after provision for loan losses of $67,100,000 [423]. - Non-interest income totaled $78,528,000 for the same period, driven by residential mortgage banking activities and net realized gains on financial instruments [423]. - The company reported a total non-interest expense of $200,857,000 for the nine months ended September 30, 2022, reflecting operational costs [425]. - The provision for loan losses for Q3 2022 was $3.2 million, an increase of $1.7 million due to higher loan balances and changes in macroeconomic forecasts [485]. - Non-interest expense for the nine months ended September 30, 2022, was $200.9 million, a decrease of $42.0 million compared to the same period in 2021 [481]. Loan Activity - The Company originated $109.5 million in PPP loans and recognized fees totaling $5.2 million during the period of origination [356]. - Total loan originations for the three months ended September 30, 2022, were $1.499 billion, a decrease of 34% from $2.272 billion in the same period of 2021 [471]. - The Company originated $2.2 billion in PPP loans under the Economic Aid Act, classified as held-for-investment [363]. - Total loan investment activity for the nine months ended September 30, 2022, was $6.703 billion, a slight decrease from $6.877 billion in the same period of 2021 [471]. Financing and Commitments - The Company has committed $125.0 million to invest in the Waterfall Atlas Fund, with $36.6 million already contributed as of September 30, 2022, leaving a remaining commitment of $88.4 million [341]. - The Company has undrawn commitments on outstanding loans, which are disclosed in Note 25, indicating potential future funding requirements [401]. - The company maintains various short-term and long-term financing arrangements secured by loans and investments [512]. Market Conditions and Risks - Current market conditions are characterized by inflationary pressures and macroeconomic concerns, with the U.S. Federal Reserve likely to continue raising interest rates into 2023 [463]. - The company anticipates that increases in interest rates may lead to higher interest expenses and a decline in the value of fixed-rate loans and securities [454]. - The company reported that credit risk is a significant concern, with default rates influenced by various factors including property performance and regional economics [462]. Shareholder Information - The Company declared dividends of $0.1 million for Series C Preferred Stock and $1.9 million for Series E Preferred Stock during the three months ended September 30, 2022 [376]. - The dividend yield for the three months ended September 30, 2022, was 16.6%, compared to 11.6% in the same period of 2021 [467]. - The conversion rate for Series C Preferred Stock was 1.2018 shares of common stock per $25 principal amount, equivalent to a conversion price of approximately $20.80 per share [374]. Strategic Initiatives - The company aims to provide attractive risk-adjusted returns primarily through dividends and capital appreciation by growing its investment portfolio [434]. - The company has a large and active pipeline of potential acquisition and origination opportunities, although competition may limit the ability to acquire or originate these investments [468]. - The acquisition of Red Stone was completed for an initial purchase price of approximately $63 million in cash, plus $7 million in retention payments and 128,533 shares of common stock [445].