Every 8-K that Ready Capital Corporation 6.20% Senior Notes due 2026 (RCB) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow RCB and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full RCB filings page.
Ready Capital Corporation reported a challenging first quarter of 2026 as it aggressively repositioned its balance sheet. The company recorded a GAAP net loss of $200.1 million, or $(1.25) per common share, and a distributable loss of $(1.00) per share, including significant realized losses on asset sales.
Year-to-date, Ready Capital generated $1.4 billion of cash from loan sales and portfolio runoff, using this to repay over $1.1 billion of asset-level financing and retire $184 million of corporate debt. These actions reduced total assets to $6.3 billion from $7.8 billion at year-end and cut total liabilities to $4.9 billion.
Book value fell to $7.43 per common share, down from $8.79, as loan sales and credit provisions pressured equity. The core commercial real estate portfolio showed 60+ day delinquencies of 14.8%, reflecting loan sales and intensified asset management. The company ended the quarter with $200 million in cash, $730 million of unencumbered assets, total leverage of 3.0x and recourse leverage of 1.8x, and declared a quarterly dividend of $0.01 per common share.
Ready Capital Corporation reported a heavy loss for the quarter and year ended December 31, 2025, driven by credit costs and realized losses on investments. For the fourth quarter, net loss from continuing operations was $232.6 million, or $(1.46) per common share, with a distributable loss per common share of $(0.43) and $(0.09) before realized losses.
The company’s loan portfolio totaled $5.9 billion, but it recorded a fourth-quarter provision for loan losses of $149.9 million and realized losses on sale of investments of $65.0 million, contributing to a full-year net loss of $221.1 million. Book value per common share declined to $8.79 as of December 31, 2025, compared with $10.61 a year earlier, while total assets fell from $10.1 billion to $7.8 billion over the same period.
Management highlighted continued execution of a liquidity plan, including selling 34 loans with $855.3 million of unpaid principal balance after year-end and retiring the 5.75% Senior Unsecured Note due February 2026. The company declared a modest common dividend of $0.01 per share for the quarter, reflecting pressure on earnings and capital.
Ready Capital Corporation furnished an update on its latest results. The company announced an earnings release for the quarter ended September 30, 2025 and posted supplemental financial information on its investor relations website. Copies are provided as Exhibit 99.1 (earnings release) and Exhibit 99.2 (supplemental data). The information under Item 2.02 is being furnished and not deemed filed under the Exchange Act.