Operating Expenses
Compensation and benefits
Ready Capital Compensation and benefits increased by 30.7% to $25.14M in Q1 2023 compared to the prior quarter. Year-over-year, this metric declined by 10.1%, from $27.97M to $25.14M.
Analysis
StatementIncome Statement
SectionOperating Expenses
First reportedQ1 2013
Last reportedQ1 2023May 9, 2023
Metric ID:
compensation_and_benefitsHistorical Data
8 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | |
|---|---|---|---|---|---|---|---|---|
| Value | $24.27M | $24.54M | $18.48M | $27.97M | $26.09M | $25.94M | $19.23M | $25.14M |
| QoQ Change | — | +1.1% | -24.7% | +51.3% | -6.7% | -0.6% | -25.9% | +30.7% |
| YoY Change | — | — | — | — | +7.5% | +5.7% | +4.0% | -10.1% |
Range$18.48M – $27.97M
CAGR+2.0%
Avg YoY Growth+1.8%
Median YoY Growth+4.9%
Business Segments — Sbc Lending And Acquisitions
| Segment | Q2 '21 | Q3 '21 | Q1 '22 | Q2 '22 | Q3 '22 |
|---|---|---|---|---|---|
| Sbc Lending And Acquisitions | $4.29M | $7.03M | $10.16M | $7.90M | $6.60M |
| Residential Mortgage Banking | $10.13M | $5.40M | $7.53M | $6.91M | $5.27M |
| Total | $24.27M | $24.54M | $27.97M | $26.09M | $25.94M |
Residential Mortgage Banking, Sbc Lending And Acquisitions were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Business Segments — Small Business Lending
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Small Business Lending | $8.33M | $13.85M | $14.56M | $15.30M | $14.44M | $13.94M | $14.55M | $15.32M |
| LMM Commercial Real Estate | $7.14M | $6.46M | $4.74M | $5.87M | $6.48M | $5.02M | $7.20M | $7.65M |
| Total | — | — | — | — | — | — | — | — |
Compensation and benefits at Other Companies
Frequently Asked Questions
- What is Ready Capital's compensation and benefits?
- Ready Capital (RC) reported compensation and benefits of $25.14M in Q1 2023.
- How has Ready Capital's compensation and benefits changed year-over-year?
- Ready Capital's compensation and benefits decreased by 10.1% year-over-year, from $27.97M to $25.14M.