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Ready Capital (RC) Reports Q2 Earnings: What Key Metrics Have to Say
Ready Capital Ready Capital (US:RC) ZACKS·2025-08-08 01:31

Financial Performance - Ready Capital reported $16.9 million in revenue for the quarter ended June 2025, a year-over-year decline of 66.8% [1] - The EPS for the same period was -$0.14, compared to $0.07 a year ago, indicating a significant drop [1] - The reported revenue was a surprise of -55.9% compared to the Zacks Consensus Estimate of $38.32 million [1] - The EPS surprise was -1300% against the consensus estimate of -$0.01 [1] Key Metrics - Net interest income before provision for loan losses was $16.9 million, significantly below the average estimate of $38.32 million [4] - Total non-interest income (loss) was reported at $29.07 million, a change of -135.3% year-over-year, compared to the average estimate of $28.01 million [4] - Interest income was $152.74 million, down 34.8% from the year-ago quarter and below the estimated $173.19 million [4] - Net realized gain (loss) on financial instruments and real estate owned was $18.21 million, representing a +151.2% change year-over-year, exceeding the estimate of $14.45 million [4] - Servicing income, net was reported at -$0.3 million, a change of -109.3% year-over-year, compared to the average estimate of $5.82 million [4] Stock Performance - Shares of Ready Capital have returned -6.4% over the past month, while the Zacks S&P 500 composite increased by +1.2% [3] - The stock currently holds a Zacks Rank 5 (Strong Sell), indicating potential underperformance in the near term [3]