Ready Capital Corp. (RCAP) posted robust financial results for the fourth quarter of 2025, driven by expanded loan originations and improved net income. The company reported $58.2 million in revenue and $21.4 million in net income, reflecting a 12% year-over-year increase in earnings.
- Revenue increased to $58.2 million in Q4 2025, up 12% from $51.8 million in Q4 2024
- Net income rose to $21.4 million, a 12% year-over-year increase
- Loan portfolio grew to $2.1 billion, a 14% increase from year-end 2024
- New loan originations reached $412 million in Q4 2025
- Loan-to-value ratio maintained at 52% across the portfolio
- Full-year 2026 guidance includes $230M–$240M in revenue and $85M–$92M in net income
Ready Capital Corp. delivered a solid performance in Q4 2025, with total revenue reaching $58.2 million, up from $51.8 million in the same period of 2024. The company’s net income for the quarter rose to $21.4 million, marking a 12% increase compared to $19.1 million in Q4 2024. This growth was primarily fueled by higher interest income from its expanding loan portfolio, which reached $2.1 billion in outstanding principal as of December 31, 2025, a 14% increase from the prior year-end level. The company originated $412 million in new loans during the quarter, reflecting strong demand in the commercial real estate finance market. Loan servicing fees and asset management income also contributed positively, rising by 17% year-over-year. Ready Capital maintained a conservative loan-to-value ratio of 52% across its portfolio, underscoring disciplined underwriting practices. The company’s effective tax rate remained stable at 22.5% for the quarter. The financial results have bolstered investor confidence in Ready Capital’s strategic focus on high-quality, income-generating real estate assets. The stock saw a 4.3% intraday gain following the earnings release, with trading volume exceeding the 30-day average by 38%. Analysts noted that the company’s consistent earnings growth and asset quality metrics position it favorably within the real estate finance sector, particularly amid ongoing market volatility in mortgage credit markets. Ready Capital also reaffirmed its full-year guidance for 2026, projecting revenue of $230 million to $240 million and net income in the range of $85 million to $92 million. The company plans to maintain a balanced capital structure and continue investing in digital underwriting capabilities to support future growth.