Discontinued — last reported Q3 '23
Business Segments · Noninterest Expense
Sbc Lending And Acquisitions — Noninterest Expense
Ready Capital Sbc Lending And Acquisitions — Noninterest Expense increased by 21.4% to $29.68M in Q3 2023 compared to the prior quarter. Year-over-year, this metric grew by 29.9%, from $22.84M to $29.68M. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2019
Last reportedQ3 2023Nov 8, 2023
Rolls up toTotal Operating Expenses
How to read this metric
Lower non-interest expense relative to revenue indicates higher operational efficiency and better profitability margins.
Detailed definition
This is the total of all operating expenses incurred by the SBC Lending and Acquisitions segment, excluding interest exp...
Peer comparison
Standardized as 'Non-interest Expense' across the financial services industry for segment-level analysis.
Metric ID:
rc_segment_sbc_lending_and_acquisitions_noninterest_expenseHistorical Data
10 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Value | $16.88M | $18.02M | $16.52M | $24.11M | $23.55M | $22.84M | $20.77M | $22.21M | $24.45M | $29.68M |
| QoQ Change | — | +6.8% | -8.4% | +46.0% | -2.3% | -3.0% | -9.1% | +6.9% | +10.1% | +21.4% |
| YoY Change | — | — | — | — | +39.5% | +26.8% | +25.7% | -7.9% | +3.8% | +29.9% |
Range$16.52M – $29.68M
CAGR+28.5%
Avg YoY Growth+19.6%
Median YoY Growth+26.2%
Current Streak3 quarters growth
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Frequently Asked Questions
- What is Ready Capital's sbc lending and acquisitions — noninterest expense?
- Ready Capital (RC) reported sbc lending and acquisitions — noninterest expense of $29.68M in Q3 2023.
- How has Ready Capital's sbc lending and acquisitions — noninterest expense changed year-over-year?
- Ready Capital's sbc lending and acquisitions — noninterest expense increased by 29.9% year-over-year, from $22.84M to $29.68M.
- What does sbc lending and acquisitions — noninterest expense mean?
- Total operating costs for the small business lending segment excluding interest.