Ready capital corporation (SLD)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12
Loans, held-for-investment

-

-

-

-

-

76,078

10,470

0

Loans, held at fair value

-

-

-

-

-

12,040

-

-

Mortgage loans held for sale

-

-

-

-

-

-

0

0

Mortgage backed securities, at fair value

-

-

-

-

-

4,829

15,947

9,398

Interest income

229,916

169,499

138,305

137,023

148,955

92,947

-

-

Other Investment Securities

-

-

-

-

-

-

0

0

Total interest income

-

-

-

-

-

-

26,418

9,398

Securitized debt obligations of consolidated VIEs

-

-

-

-

-

3,857

-

-

Warehouse lines of credit

-

-

-

-

-

-

0

0

Borrowings under repurchase agreements

-

-

-

-

-

4,254

2,918

1,387

Guaranteed loan financing

-

-

-

-

-

2,276

-

-

Borrowings under credit facilities

-

-

-

-

-

8,858

-

-

Loan repurchase facilities

-

-

-

-

-

-

3,612

0

Exchangeable Senior Notes

-

-

-

-

-

-

563

0

Interest expense

151,880

109,238

74,646

57,772

47,806

19,245

7,094

1,387

Net interest income before provision for loan losses

78,036

60,261

63,659

79,251

101,149

73,702

19,323

8,010

Provision for loan losses

3,684

1,701

2,363

7,819

19,643

11,797

-

-

Net interest income after provision for loan losses

74,352

58,560

61,296

71,432

81,506

61,905

-

-

Other expense

-

-

-

-

-

-

1,500

-

Non-interest income
Residential mortgage banking activities

83,539

59,852

83,437

7,630

-

-

-

-

Operating expenses

-

-

-

-

-

-

5,473

1,475

Total other income (expense)

-

-

-

-

-

-39,113

-

-

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

28,958

38,409

19,329

6,914

181

7,037

-

-

Net unrealized gain (loss) on financial instruments

-18,790

4,853

7,000

17,937

5,732

6,461

-

-

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

30,665

27,075

22,994

8,658

5,133

2,456

0

0

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

2,362

-

-

-

-

-

-

-

Income (loss) on unconsolidated joint ventures

6,088

12,148

1,048

-

-

-

-

-

Change in fair value of mortgage servicing rights

-

-

-

-

-

-

0

0

Other income

11,078

5,586

7,410

9,161

14,431

8,081

0

0

Mortgage banking activities, net

-

-

-

-

-

-

0

0

Gain on bargain purchase

30,728

-

-

15,218

-

-

-

-

Total non-interest income

174,628

147,923

141,218

65,518

19,564

-

0

-

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

-

-

-

-

-

-

7,136

-

Change in unrealized gain or loss on real estate securities

-

-

-

-

-

-

-7,170

-

Change in unrealized gain or loss on Other Investment Securities

-

-

-

-

-

-

0

-

Change in unrealized gain or loss on real estate owned

-

-

-

-

-

-

0

-

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

-

-

-

-

-

-

1,298

-

Realized (loss) / gain on real estate securities

-

-

-

-

-

-

-9,045

-

Realized loss on Other Investment Securities

-

-

-

-

-

-

0

-

Realized (loss) / gain on real estate owned

-

-

-

-

-

-

0

-

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

-

-

-

-

-

-

5,614

-1,171

Total other gains/(losses)

-

-

-

-

-

-

-2,166

16,435

Advisory fee - related party

-

-

-

-

-

-

2,629

877

Employee compensation and benefits

51,237

56,602

55,039

24,827

18,949

12,791

0

0

Allocated employee compensation and benefits from related party

5,473

4,200

3,843

3,668

3,323

2,364

-

-

Variable expenses on residential mortgage banking activities

51,760

22,228

41,737

597

-

-

-

-

Professional fees

7,434

6,999

8,921

13,420

6,954

6,339

-

-

Management fees – related party

9,578

8,176

8,059

7,432

7,260

7,019

-

-

Incentive fees – related party

106

1,143

-

-

965

-

-

-

Loan servicing expense

17,976

15,545

10,323

4,611

4,347

10,300

-

-

Merger related expenses

7,750

-

-

-

-

-

-

-

Other operating expenses

33,162

28,747

26,939

17,180

11,954

10,837

-

-

Other expenses

-

-

-

-

-

-

-

1,827

Total non-interest expense

184,476

143,640

154,861

71,735

53,752

-

9,604

4,180

Income (loss) before provision for income taxes

64,504

62,843

47,653

65,215

53,231

36,290

7,553

20,265

Income tax benefit

-10,552

1,386

1,839

9,651

7,810

897

0

0

Net income from continuing operations

-

-

-

55,564

45,421

35,393

-

-

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

-

-

-

-3,538

-5,103

-2,671

-

-

Income tax benefit

-

-

-

-1,380

-4,450

-

-

-

Loss from discontinued operations

-

-

-

-2,158

-653

-2,671

-

-

Net income (loss)

75,056

61,457

45,814

53,406

44,768

32,722

7,553

20,265

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

2,088

2,199

2,524

4,237

4,385

3,385

880

362

Net income (loss) attributable to Ready Capital Corporation

72,968

59,258

43,290

49,169

40,383

29,337

-

-

Earnings (loss) per basic common share
Continuing operations

-

-

-

1.93

1.62

-

-

-

Discontinued operations

-

-

-

-0.08

-0.03

-

-

-

Preferred dividends

-

-

-

-

-

-

15

15

Net income attributable to ZAIS Financial Corp. common stockholders and common stock repurchase liability

-

-

-

-

-

-

-

19,887

Income allocated to common stock repurchase liability

-

-

-

-

-

-

-

454

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

-

-

-

-

-

-

6,657

19,433

Earnings (loss) per common share - basic

1.72

1.84

1.38

1.85

1.59

-

0.92

7.13

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

1.72

1.84

1.38

-

-

-

-

-

Continuing operations

-

-

-

1.93

1.62

-

-

-

Discontinued operations

-

-

-

-0.08

-0.03

-

-

-

Earnings (loss) per common share - diluted

1.72

1.84

1.38

1.85

1.59

-

0.92

7.13

Basic

42,011

32,085

31,350

26,647

25,287

-

7,273

2,724

Diluted

42,047

32,102

31,351

26,647

25,287

-

8,200

2,773

Continuing operations

-

-

-

-

-

1.30

-

-

Discontinued operations

-

-

-

-

-

-0.11

-

-

Basic and diluted weighted-average shares outstanding

-

-

-

-

-

24,595

-

-

Dividends declared per share of common stock

1.60

1.57

1.48

1.61

1.78

-

-

-