Ready Capital (RC) Loans - Loss Allowance (2016 - 2021)
Ready Capital's (RC) quarterly Loans - Loss Allowance came in at $49.6 million in Q2 2021, down 13.03% year-on-year from $57.1 million in Q2 2020, and down 13.03% quarter-over-quarter from $57.1 million in Q2 2020.
Ready Capital (RC) Loans - Loss Allowance (2016 - 2021) Analysis & Trends
Ready Capital's Loans - Loss Allowance history runs 6 years deep, the most recent figure standing at $49.6 million for Q2 2021.
- On a quarterly basis, Loans - Loss Allowance fell 13.03% year-over-year to $49.6 million in Q2 2021; TTM through Jun 2021 was $49.6 million, a 13.03% decrease from a year earlier, with the FY2019 full-year figure at $7.4 million, changed N/A from the prior year.
- Loans - Loss Allowance eased to $49.6 million in Q2 2021 per RC's latest filing, from $57.1 million in the prior quarter.
- Across five years, Loans - Loss Allowance topped out at $57.1 million in Q2 2020 and bottomed at $7.4 million in Q4 2019.
- The 5-year median for Loans - Loss Allowance is $10.5 million (2018), against an average of $20.0 million.
- Across the five-year window, Loans - Loss Allowance declined 29.83% in 2018 and soared 547.41% in 2020, its largest moves.
- Year by year, Loans - Loss Allowance stood at $13.8 million in 2017, then retreated by 29.83% to $9.7 million in 2018, then declined by 23.02% to $7.4 million in 2019, then jumped by 666.87% to $57.1 million in 2020, then declined by 13.03% to $49.6 million in 2021.
- Per Business Quant, the three latest RC Loans - Loss Allowance figures stand at $49.6 million (Q2 2021), $57.1 million (Q2 2020), and $7.4 million (Q4 2019).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Loans - Loss Allowance (Qtr) |
|---|---|---|---|---|---|
| 1 | Annaly Capital Management | 16.30 Bn | 14.44 Bn | - | - |
| 2 | AGNC Investment | 11.85 Bn | 11.36 Bn | - | - |
| 3 | Starwood Property Trust | 5.99 Bn | 5.94 Bn | - | - |
| 4 | Rithm Capital | 5.01 Bn | 5.01 Bn | - | - |
| 5 | Blackstone Mortgage Trust | 2.78 Bn | 2.24 Bn | - | - |
| 6 | Ellington Financial | 1.63 Bn | 1.51 Bn | - | - |
| 7 | Dynex Capital | 1.56 Bn | 1.05 Bn | - | - |
| 8 | Armour Residential REIT | 1.42 Bn | 1.34 Bn | - | - |
| 9 | Two Harbors Investment | 1.27 Bn | 987.19 Mn | - | - |
| 10 | Ready Capital | 243.87 Mn | 243.87 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2021 | 49.63 Mn |
| Jun 30, 2020 | 57.06 Mn |
| Dec 31, 2019 | 7.44 Mn |
| Jun 30, 2019 | 8.81 Mn |
| Mar 31, 2019 | 8.28 Mn |
| Jun 30, 2018 | 9.67 Mn |
| Mar 31, 2018 | 10.53 Mn |
| Jun 30, 2017 | 13.78 Mn |
| Mar 31, 2017 | 14.68 Mn |
| Jun 30, 2016 | 15.69 Mn |