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Ready Capital (RC)
:RC
Earnings Data
Report Date
Aug 06, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.04Last Year’s EPS
0.07Same Quarter Last Year
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 08, 2025
|% Change Since: -4.34%
|Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture. While there were successful strategic actions like book value stability, non-core portfolio liquidation, and positive SBA performance, significant challenges remain. These include declines in net interest income, increased loan delinquencies, and issues with the Portland asset. The UDF merger provided a boost, but the overall picture is balanced between achievements and ongoing challenges.Company Guidance
During Ready Capital's first quarter 2025 earnings conference call, several key financial metrics and strategic actions were highlighted. The company reported a stable book value per share at $10.61, with a quarter-over-quarter GAAP earnings per common share of $0.47. The net interest income was $14.6 million, largely impacted by the transition of non-core assets to non-accrual status, resulting in a cash yield of 1.3%. The core portfolio, featuring a $5.9 billion concentration in multifamily loans, demonstrated a healthy credit profile with 60-day plus delinquencies at 4% and an interest yield of 8.4%. Additionally, Ready Capital successfully liquidated $51 million in non-core assets at a 102% premium, aiming to reduce the non-core portfolio further by year-end. Despite current challenges, the company expects to maintain its dividend level, targeting accretion in 2026 driven by the liquidation of non-core assets and potential favorable changes in the economic environment.Stable Book Value Per Share
Book value per share remained stable at $10.61 quarter-over-quarter, benefiting from strategic actions including share repurchases and merger activities.
Successful Non-Core Portfolio Liquidation
Surpassed first-quarter liquidation targets by nearly 2x, generating $28 million of liquidity and reducing the non-core portfolio by 6%.
SBA Business Performance
First-quarter SBA volumes remained high at $343 million, with a 12-month default rate of 3.2% versus the industry average of 3.4%.
UDF Merger Accretion
The UDF merger was 1.3% accretive to book value per share, adding $167.1 million of equity.
Bargain Purchase Gain
Recognized a bargain purchase gain of $102.5 million related to the UDF IV merger.
RC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
RC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 08, 2025 | $4.38 | $4.13 | -5.71% |
Mar 03, 2025 | $6.76 | $4.94 | -26.92% |
Nov 07, 2024 | $6.58 | $6.87 | +4.41% |
Aug 07, 2024 | $7.96 | $8.00 | +0.50% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Ready Capital (RC) report earnings?
Ready Capital (RC) is schdueled to report earning on Aug 06, 2025, TBA Not Confirmed.
What is Ready Capital (RC) earnings time?
Ready Capital (RC) earnings time is at Aug 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RC EPS forecast?
RC EPS forecast for the fiscal quarter 2025 (Q2) is -0.04.