Ready Capital reports second quarter 2026 financial results
The company posted a GAAP loss per share of $(0.63) and distributable loss of $(0.47), while generating $1.4 billion in cash from loan sales and runoff.
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Commercial real estate and small business lender
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In short: Ready Capital advanced its balance sheet repositioning strategy while reporting a GAAP loss of $(0.63) per share for the second quarter.
The company posted a GAAP loss per share of $(0.63) and distributable loss of $(0.47), while generating $1.4 billion in cash from loan sales and runoff.
The securitization of SBA 7(a) loans enhances liquidity and lending capacity for small businesses.
GAAP loss per share was $1.25, and the company continues its balance sheet repositioning plan.
The company will report earnings after market close on May 7, 2026, and hold a conference call on May 8 at 8:30 AM ET.
Ready Capital Corporation has made significant progress in its balance sheet repositioning strategy during the second quarter of 2026, according to a recent conference call...
On August 06, 2026, Ready Capital Corp (NYSE: RC) announced progress in its financial restructuring,...
Ready Capital (NYSE:RC) said its second-quarter results reflected continued progress in a balance sheet repositioning plan, including portfolio sales,...
On the call today are Chief Executive Officer, Mike Cecilia, and Chief Executive Officer, Clayton Magouyrk, and Chief financial officer, Hilary Barbara...
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