DIA454.49+1.42 0.31%
SPX6,465.94+26.62 0.41%
IXIC21,544.27+94.98 0.44%

Based on the provided financial report, the title of the article is: "Ready Capital Corporation's Quarterly Report (Form 10-Q) for the quarterly period ended September 30, 2024

Press release·11/13/2024 01:32:17
Listen to the news
Based on the provided financial report, the title of the article is: "Ready Capital Corporation's Quarterly Report (Form 10-Q) for the quarterly period ended September 30, 2024

Based on the provided financial report, the title of the article is: "Ready Capital Corporation's Quarterly Report (Form 10-Q) for the quarterly period ended September 30, 2024

Ready Capital Corporation, a real estate finance company, reported its quarterly financial results for the period ended September 30, 2024. The company’s total assets increased to $2.3 billion, driven by growth in its loan portfolio and investments. Net income was $23.4 million, compared to a net loss of $12.1 million in the same period last year. The company’s net interest income increased 14% to $44.1 million, while non-interest income decreased 12% to $14.3 million. The company’s total revenue was $58.4 million, up 2% from the same period last year. The company’s net interest margin was 5.4%, and its efficiency ratio was 63.1%. The company’s cash and cash equivalents decreased to $143.1 million, and its total debt increased to $1.8 billion.

Risk Disclosure: The content of this page is not an investment advice and does not constitute any offer or solicitation to offer or recommendation of any investment product. It is for general purposes only and does not take into account your individual needs, investment objectives and specific financial circumstances. All investments involve risk and the past performance of securities, or financial products does not guarantee future results or returns. Keep in mind that while diversification may help spread risk it does not assure a profit, or protect against loss, in a down market. There is always the potential of losing money when you invest in securities, or other financial products. Investors should consider their investment objectives and risks carefully before investing. For more details, please refer to risk disclosure.
Webull Securities Limited is licensed with the Securities and Futures Commission of Hong Kong (CE No. BNG700) for carrying out Type 1 License for Dealing in Securities, Type 2 License for Dealing in Futures Contracts and Type 4 License for Advising on Securities.
Language

English

©2025 Webull Securities Limited. All rights reserved.