Welcome to our dedicated page for Ready Capital news (Ticker: RC), a resource for investors and traders seeking the latest updates and insights on Ready Capital stock.
Ready Capital Corporation (NYSE: RC) maintains an active presence in commercial real estate finance through strategic acquisitions, SBA lending programs, and residential mortgage operations. This news hub provides investors and industry professionals with verified updates directly from corporate sources and financial regulators.
Access comprehensive coverage of RC's financial developments including quarterly earnings disclosures, loan portfolio expansions, and compliance achievements. Our curated feed aggregates essential updates across all business segments: small balance commercial lending, SBA 7(a) loan servicing, and residential mortgage banking activities.
Key content includes merger/acquisition announcements, SEC filings analysis, dividend declarations, and leadership updates. All materials are sourced from official channels to ensure accuracy and timeliness for market participants.
Bookmark this page for streamlined access to Ready Capital's financial communications. Monitor operational milestones and regulatory developments through our continuously updated repository of corporate disclosures and market analyses.
Ready Capital (NYSE:RC) announced a 103% increase in SBA 7(a) loans, reaching $265.7 million in the first four months of 2024. This underscores the success of their dual lending strategy. Additionally, Gary Taylor has been appointed CEO of ReadyCap Lending, bringing over 25 years of SBA lending experience. ReadyCap Lending aims to achieve an ambitious yearly volume goal of $1 billion, supported by organizational improvements and technology from their affiliate, iBusiness Funding. The company also plans to acquire Madison One, enhancing its position in the SBA lending market.
Ready Capital reported a GAAP loss per share of $(0.45) and a distributable earnings per share of $0.29. The company's distributable return on average stockholders' equity was 8.6%. Despite challenges in commercial real estate, the company focused on repositioning loans and reducing office exposure. Total investments reached $457 million, with significant growth in the Small Business Lending segment. The company also declared a dividend of $0.30 per share and repurchased shares at favorable prices.
Ready Capital (NYSE: RC) announced its first quarter 2024 financial results will be released on May 8, 2024, followed by a webcast and conference call on May 9, 2024. The Company specializes in real estate finance, offering various loan types.
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