Ready Capital Corp
For the period ended Nov 6, 2025. Filed Nov 6, 2025.
View on SEC.govAbout this filing
A notice of a major event between regular reports, such as results, a deal or a change of executives. It is often the first formal record of the news.
Nov 6, 2025 · Filed Nov 6, 2025
RC$0.85-20.4%Stored close · as of Nov 6, 2026
Contents
EX-99.1 · UNAUDITED SEGMENT REPORTING
UNAUDITED SEGMENT REPORTING
| Three Months Ended September 30, 2025 | ||||
|---|---|---|---|---|
| (in thousands) | LMM Commercial Real Estate | Small Business Lending | Corporate-Other | Consolidated |
| Interest income | $105,856 | $31,635 | $— | $137,491 |
| Interest expense | (106,556) | (20,415) | — | (126,971) |
| Net interest income before provision for loan losses | $(700) | $11,220 | $— | $10,520 |
| Provision for loan losses | (30,980) | (6,997) | — | (37,977) |
| Net interest income after provision for loan losses | $(31,680) | $4,223 | $— | $(27,457) |
| Non-interest income | ||||
| Net realized gain (loss) on financial instruments and real estate owned | (179,279) | 18,883 | — | (160,396) |
| Net unrealized gain (loss) on financial instruments | 2,279 | 845 | (210) | 2,914 |
| Valuation (allowance) recovery, loans held for sale | 178,225 | — | — | 178,225 |
| Servicing income, net | 1,155 | 6,354 | — | 7,509 |
| Gain on bargain purchase | — | — | 24,472 | 24,472 |
| Income on unconsolidated joint ventures | 7,410 | 7 | — | 7,417 |
| Other income | 7,238 | 6,475 | 1,060 | 14,773 |
| Total non-interest income | $17,028 | $32,564 | $25,322 | $74,914 |
| Non-interest expense | ||||
| Employee compensation and benefits | (5,023) | (13,939) | (2,189) | (21,151) |
| Allocated employee compensation and benefits from related party | (360) | — | (3,242) | (3,602) |
| Professional fees | (790) | (3,255) | (1,963) | (6,008) |
| Management fees – related party | — | — | (5,156) | (5,156) |
| Loan servicing expense | (8,081) | (1,690) | — | (9,771) |
| Transaction related expenses | — | — | (1,910) | (1,910) |
| Impairment on real estate | (1,862) | — | — | (1,862) |
| Other operating expenses | (13,022) | (9,479) | (2,378) | (24,879) |
| Total non-interest expense | $(29,138) | $(28,363) | $(16,838) | $(74,339) |
| Income (loss) before provision for income taxes | $(43,790) | $8,424 | $8,484 | $(26,882) |
| Total assets | $6,436,175 | $1,493,159 | $402,767 | $8,332,101 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.