Ready Capital (FRA:0SZ) Credit Losses Provision : €6.4 Mil (As of Dec. 2023)

View and export this data going back to 2016. Start your Free Trial

What is Ready Capital Credit Losses Provision?

Ready Capital's credit losses provision for the three months ended in Dec. 2023 was €6.1 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was €6.4 Mil.

Ready Capital's quarterly credit losses provision declined from Jun. 2023 (€17.9 Mil) to Sep. 2023 (€-11.4 Mil) but then increased from Sep. 2023 (€-11.4 Mil) to Dec. 2023 (€6.1 Mil).

Ready Capital's annual credit losses provision increased from Dec. 2021 (€7.1 Mil) to Dec. 2022 (€32.5 Mil) but then declined from Dec. 2022 (€32.5 Mil) to Dec. 2023 (€6.6 Mil).

Ready Capital Credit Losses Provision Historical Data

The historical data trend for Ready Capital's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Ready Capital Credit Losses Provision Chart

Ready Capital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

Get a 7-Day Free Trial

3.32

28.55

7.12

32.51

6.63

Ready Capital Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Credit Losses Provision	Get a 7-Day Free Trial															31.96	-6.29	17.93	-11.39	6.13

Ready Capital Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €6.4 Mil.

Ready Capital (FRA:0SZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Ready Capital Corp (FRA:0SZ) » Definitions » Credit Losses Provision

Comparable Companies

CMTG ARI LADR PMT CIM FBRT TWO MFA ABR EFC NLY STWD AGNC RITM BXMT RWT KREF NYMT ARR DX

Traded in Other Exchanges

RCPC.PFD:USA RC:USA

Address

1251 Avenue of the Americas, 50th Floor, New York, NY, USA, 10020

Website

https://www.readycapital.com

Ready Capital Corp is a real estate finance company. It acquires, manages, originates, and finances small-balance commercial loans to purchase small multi-family, office, retail, mixed-use, or warehouse properties. The company's segments consist of SBC Lending and Acquisitions, Small Business Lending, and Residential Mortgage Banking. Its objective is to provide attractive risk-adjusted returns through dividends and through capital appreciation.

Ready Capital (FRA:0SZ) Headlines

No Headlines