Ready capital corporation (RCA)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12
Loans, held-for-investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

170,723

146,370

-

101,443

76,657

77,054

76,078

24,792

22,007

16,091

10,470

4,984

932

28

0

0

0

0

Loans, held at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loans, held for sale, at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage loans held for sale previously held for investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage loans held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Mortgage backed securities, at fair value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,616

11,833

-

961

1,957

3,509

4,829

14,836

15,082

16,281

15,947

14,842

12,797

10,044

9,398

0

0

0

Interest income

250,714

229,916

211,714

196,278

181,102

169,499

159,430

150,181

141,571

138,305

134,935

131,787

133,040

137,023

143,903

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other Investment Securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

468

281

102

0

0

0

0

-

-

-

-

Total interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

40,098

37,371

32,475

26,418

19,826

13,729

10,073

9,398

0

0

0

Securitized debt obligations of consolidated VIEs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Warehouse lines of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Loan repurchase facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

Borrowings under repurchase agreements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

23,833

20,146

-

6,534

2,856

3,593

4,254

2,734

2,934

3,065

2,918

2,602

2,101

1,612

1,387

0

0

0

Guaranteed loan financing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings under credit facilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Promissory note payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loan repurchase facilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

8,348

7,413

5,443

3,612

0

0

0

-

-

-

-

Securities repurchase agreements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Exchangeable Senior Notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

4,819

3,395

1,976

563

0

0

0

-

-

-

-

Interest expense

163,035

151,880

142,158

131,693

122,347

109,238

99,065

90,048

80,871

74,646

69,177

63,366

59,912

57,772

66,882

66,409

57,361

47,806

29,530

20,397

20,086

19,245

15,902

13,744

10,484

7,094

4,347

2,391

1,612

1,387

0

0

0

Net interest income before provision for loan losses

87,679

78,036

69,556

64,585

58,755

60,261

60,365

60,133

60,700

63,659

65,758

68,421

73,128

79,251

127,436

135,664

119,773

101,149

90,985

71,473

73,054

73,702

24,195

23,626

21,990

19,323

15,479

11,338

8,460

8,010

0

0

0

Provision for loan losses

42,970

3,684

3,690

3,797

2,052

1,701

1,076

742

1,298

2,363

4,987

5,009

6,867

7,819

8,801

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net interest income after provision for loan losses

44,709

74,352

65,866

60,788

56,703

58,560

59,289

59,391

59,402

61,296

60,771

63,412

66,261

71,432

79,304

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

-

-

-

-

-

-

-

-

-

-

Non-interest income
Residential mortgage banking activities

105,621

83,539

76,183

64,181

60,415

59,852

99,498

93,222

86,952

83,437

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total non-interest income (expense)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Total other income (expense)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in unrealized gain or loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

Realized gain on mortgage loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

-

Net realized gain (loss) on financial instruments and real estate owned

28,848

28,958

31,525

31,094

33,459

38,409

33,975

32,724

28,595

19,329

16,346

13,105

9,689

6,914

6,709

0

0

-

0

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Net unrealized gain (loss) on financial instruments

-45,312

-18,790

-32,911

-16,530

-5,067

4,853

18,031

12,209

8,726

7,000

17,048

17,927

19,555

17,937

5,498

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Servicing income, net of amortization and impairment of $1,725 and $1,763

32,010

30,665

29,128

28,601

27,417

27,075

26,746

25,958

24,962

22,994

20,444

15,971

11,687

8,658

5,255

4,588

4,908

5,133

6,754

5,760

4,093

2,456

0

0

0

-

-

-

-

-

-

-

-

Income on purchased future receivables, net of allowance for doubtful accounts of $6,917

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (loss) on unconsolidated joint ventures

-378

6,088

8,807

9,938

9,338

12,148

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of mortgage servicing rights

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Other income

14,251

11,078

7,893

6,118

5,152

5,586

7,493

8,142

7,904

7,410

8,106

7,982

7,693

9,161

15,743

18,013

16,727

14,431

12,104

8,105

8,092

8,081

0

0

0

-

-

-

-

-

-

-

-

Mortgage banking activities, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Gain on bargain purchase

-

30,728

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total non-interest income

140,885

174,628

151,333

154,110

161,442

147,923

214,297

190,258

168,174

141,218

0

0

0

-

-

-

-

-

-

0

0

-

8,199

9,372

-1,155

0

0

0

0

-

0

0

0

Non-interest expense
Change in unrealized gain or loss on mortgage loans held for investment and held for sale previously held for investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

0

0

-

0

0

-

Change in unrealized gain or loss on real estate securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Change in unrealized gain or loss on Other Investment Securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

0

0

-

-

-

-

Change in unrealized gain or loss on real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Change in unrealized gain or loss on Treasury Securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Realized gain on mortgage loans held for investment and held for sale previously held for investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Realized (loss) / gain on real estate securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Realized loss on Other Investment Securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Realized (loss) / gain on real estate owned

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Realized gain on Treasury Securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain/(loss) on derivative instruments related to investment portfolio

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-5,403

-3,376

2,224

5,614

5,437

3,564

-1,031

-1,171

0

0

0

Total other gains/(losses)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Advisory fee - related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

2,857

2,850

2,844

2,629

2,052

1,598

1,138

877

0

0

0

Employee compensation and benefits

58,725

51,237

50,242

50,967

52,730

56,602

58,164

57,716

56,895

55,039

51,453

42,560

33,221

24,827

12,529

12,641

16,619

18,949

33,214

28,280

20,190

12,791

0

0

0

-

-

-

-

-

-

-

-

Allocated employee compensation and benefits from related party

5,870

5,473

4,203

3,903

3,853

4,200

4,433

4,223

4,031

3,843

3,978

3,888

3,780

3,668

3,296

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Variable expenses on residential mortgage banking activities

62,713

51,760

44,103

35,122

29,114

22,228

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Professional fees

8,161

7,434

5,101

5,365

6,180

6,999

9,931

9,788

9,410

8,921

11,180

12,149

13,803

13,420

10,140

0

0

-

0

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Management fees – related party

10,142

9,578

9,044

8,619

8,160

8,176

8,160

8,124

8,095

8,059

7,986

7,745

7,571

7,432

7,305

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Incentive fees – related party

-

-

-

-

-

1,143

0

0

0

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loan servicing expense

19,898

17,976

17,290

16,671

15,100

15,545

14,151

13,292

12,903

10,323

8,232

6,674

5,248

4,611

4,662

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Merger related expenses

2,330

7,750

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other operating expenses

40,045

33,162

28,362

26,766

27,597

28,747

31,227

32,126

29,416

26,939

25,313

21,239

18,851

17,180

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

-

-

-

-

-

-

Loan servicing fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

-

General and administrative expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Total non-interest expense

207,990

184,476

164,932

153,949

148,936

143,640

186,600

177,466

165,185

154,861

0

0

0

-

-

-

-

-

-

0

0

-

13,469

13,010

11,598

9,604

9,074

6,607

5,475

4,180

0

0

0

Income (loss) before provision for income taxes

-22,396

64,504

52,267

60,949

69,209

62,843

68,900

62,470

58,143

47,653

69,053

67,887

65,171

65,215

58,630

63,490

63,594

53,231

32,264

17,816

34,078

36,290

0

0

0

-

-

-

-

-

-

-

-

Income tax benefit

-15,452

-10,552

-11,382

-7,842

-4,177

1,386

4,199

2,964

3,368

1,839

8,088

9,725

9,514

9,651

5,699

7,084

9,126

7,810

6,333

3,651

751

897

0

0

0

-

-

-

-

-

-

-

-

Net income from continuing operations

-

-

-

-

-

-

-

-

0

-

-

-

-

55,564

40,729

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from discontinued operations (including loss on disposal of $2,695 in 2016)

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,538

-1,433

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax benefit

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,380

-1,468

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,158

35

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss)

-6,910

75,056

63,608

68,750

73,389

61,457

64,701

59,506

54,775

45,814

59,158

56,355

53,850

53,406

51,541

55,402

53,463

44,768

23,645

11,493

30,656

32,722

38,635

41,503

8,062

7,553

1,198

5,109

16,006

20,265

0

0

0

Less: Net income (loss) attributable to non-controlling interest

41

2,088

1,891

2,206

2,518

2,199

2,523

2,418

2,487

2,524

3,911

4,155

4,201

4,237

4,784

5,125

5,078

4,385

2,115

1,127

3,169

3,385

4,024

4,326

839

880

305

-127

661

362

0

0

0

Net income (loss) attributable to Ready Capital Corporation

-6,951

72,968

61,717

66,544

70,871

59,258

62,178

57,088

52,288

43,290

55,247

52,200

49,649

49,169

37,429

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Earnings (loss) per basic common share
Continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.34

0.31

-

-

0.39

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.01

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred dividends

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15

19

23

27

15

0

0

0

Net income/(loss) attributable to ZAIS Financial Corp. common stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

34,610

37,177

7,222

6,657

420

4,759

14,863

19,433

0

0

0

Earnings (loss) per common share - basic

-0.98

0.30

0.27

0.25

0.90

0.27

0.53

0.48

0.56

0.38

0.37

0.34

0.29

-

0.34

-

-

-

-

0.76

0.05

-

0.14

2.91

0.28

-

0.47

-0.85

-

-

-

-

-

Earnings (loss) per diluted common share
Earnings (loss) per common share - basic

-0.98

-

-

-

0.90

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.34

0.31

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Earnings (loss) per common share - diluted

-0.98

0.30

0.27

0.25

0.90

0.27

0.53

0.48

0.56

0.38

0.37

0.34

0.29

-

0.34

-

-

-

-

0.65

0.05

-

0.14

2.47

0.28

-

0.47

-0.85

-

-

-

-

-

Weighted-average shares outstanding
Net income per share applicable to common stockholders - basic and diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.32

-

2.83

1.10

2.06

Basic

51,984

46,625

44,438

44,425

32,556

32,124

32,109

32,073

32,036

32,055

32,026

30,768

30,549

-

25,870

25,870

-

54,667

30,539

7,970

7,970

-

7,970

7,970

7,970

8,009

7,970

7,970

5,142

2,008

2,843

3,022

3,022

Diluted

51,990

46,727

44,467

44,431

32,563

32,139

32,130

32,092

32,045

32,058

32,028

30,769

30,549

-

25,870

25,870

-

-

-

10,677

8,897

-

8,897

10,677

8,897

8,936

8,897

8,897

6,068

2,206

2,843

3,022

3,022

Continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.34

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.01

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic and diluted weighted-average shares outstanding

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25,764

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends declared per share of common stock

0.40

0.40

0.40

0.40

0.40

0.40

0.40

0.40

0.37

0.37

0.37

0.37

0.37

-

0.45

0.45

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-