Discontinued — last reported Q3 '21
Business Segments · Provision For Loan Losses Expensed
Loan Acquisitions — Provision For Loan Losses Expensed
Ready Capital Loan Acquisitions — Provision For Loan Losses Expensed decreased by 1744.6% to -$1.22M in Q3 2021 compared to the prior quarter. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryRisk
SignalLower is better
VolatilityVolatile
First reportedQ1 2014
Last reportedQ3 2021Nov 5, 2021
Rolls up toProvision for Credit Losses
How to read this metric
An increase suggests deteriorating credit quality or a more conservative outlook on the loan portfolio.
Detailed definition
The non-cash expense recognized to account for expected credit losses within the loan acquisition portfolio. This reflec...
Peer comparison
Standard provision for credit losses (PCL) reported by all lending institutions.
Metric ID:
rc_segment_loan_acquisitions_provision_for_loan_losses_expensedHistorical Data
2 periods
| Q2 '21 | Q3 '21 | |
|---|---|---|
| Value | $74.00K | -$1.22M |
| QoQ Change | — | <-999% |
Range-$1.22M – $74.00K
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Frequently Asked Questions
- What is Ready Capital's loan acquisitions — provision for loan losses expensed?
- Ready Capital (RC) reported loan acquisitions — provision for loan losses expensed of -$1.22M in Q3 2021.
- What does loan acquisitions — provision for loan losses expensed mean?
- The amount set aside as an expense to cover potential future losses from loan defaults.