Ready Capital Corp. (NYSE: RC) reported Q4 EPS of $0.34, $0.07 worse than the analyst estimate of $0.41.

• U.S. GAAP Net Income of $9.5 million, or $0.30 per share of common stock
• Core Earnings of $11.3 million, or $0.34 per share of common stock
• Mark-to-market loss on derivative positions resulted in an after-tax reduction in U.S. GAAP Net Income and Core Earnings of $0.12 per share
• Return on Equity of 6.8%
• Core Return on Equity of 8.1%
• Adjusted net book value of $16.91 per share of common stock as of December 31, 2018
• Originated $332.9 million of small balance commercial ("SBC") loans
• Originated $65.4 million of loans guaranteed by the U.S. Small Business Administration (the "SBA") under its Section 7(a) loan program
• Originated $369.2 million of residential mortgage loans
• Declared and paid dividend of $0.40 per share.

"During 2018, we deployed over $1.8 billion relating to SBC loans, which represented a 33% increase compared to 2017 and the fourth quarter denoted our two-year anniversary as a public company," stated Thomas Capasse, Chairman and Chief Executive Officer. "While we posted strong results in the fourth quarter, they would have been even greater, if the year-end 2018 market volatility did not result in a mark-to-market impact of $0.12 per diluted share. Our annualized ROE of 10.8% and dividend yield exceeding 10% over this two-year period remains at the top of our peer group. As we move into 2019, we are focused on achieving our strategic objective to expand our platform and, as we drive loan growth, create additional and consistent value for our shareholders."

For earnings history and earnings-related data on Ready Capital Corp. (RC) click here.