Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2020

Quarterly Financial Data (Unaudited)

Summary of quarterly financial data

The following table summarizes our quarterly financial data which, in the opinion of management, reflects all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of our results of operations (amounts in thousands, except per share amounts):

	March 31		June 30		September 30		December 31
2020
Net interest income after provision for loan losses	$	(17,183)	$	20,394	$	21,482	$	23,749
Non-interest income		22,523		120,927		107,906		83,406
Non-interest expense		(64,793)		(101,158)		(87,471)		(75,328)
Net income		(51,516)		34,663		35,363		27,559
Net income attributable to Ready Capital Corporation		(50,452)		33,853		34,558		26,911
Earnings per share - Basic	$	(0.98)	$	0.62	$	0.63	$	0.49
Earnings per share - Diluted	$	(0.98)	$	0.62	$	0.63	$	0.49
Dividends declared per share of common stock	$	0.40	$	0.25	$	0.30	$	0.35
2019
Net interest income after provision for loan losses	$	12,460	$	19,933	$	19,640	$	22,319
Non-interest income		56,266		32,956		39,984		45,422
Non-interest expense		(41,279)		(44,600)		(49,842)		(48,755)
Net income		30,450		11,245		12,427		20,934
Net income attributable to Ready Capital Corporation		29,467		10,969		12,104		20,428
Earnings per share - Basic	$	0.90	$	0.25	$	0.27	$	0.43
Earnings per share - Diluted	$	0.90	$	0.25	$	0.27	$	0.43
Dividends declared per share of common stock	$	0.40	$	0.40	$	0.40	$	0.40