2023-05-08 16:39:39 ET
- Ready Capital press release ( NYSE: RC ): Q1 Non-GAAP EPS of $0.30 misses by $0.11 .
- Revenue of $101.28M (-33.0% Y/Y) misses by $99.85M .
- Total investments of $829 million, including $411 million of SBC originations and acquisitions, $326 million of residential mortgage loans, and $92 million of U.S. Small Business Administration 7(a) loans
- Completed a securitization of $586 million of floating rate SBC loans and sold $484 million of senior bonds at a weighted average cost of SOFR + 2.9%
- Declared and paid dividend of $0.40 per share in cash
- Net book value of $15.07 per share of common stock as of March 31, 2023.
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Ready Capital Non-GAAP EPS of $0.30 misses by $0.11, revenue of $101.28M misses by $99.85M