Discontinued — last reported Q3 '23
Business Segments · Bank Servicing Income
Residential Mortgage Banking — Bank Servicing Income
Ready Capital Residential Mortgage Banking — Bank Servicing Income decreased by 2.4% to $9.17M in Q3 2023 compared to the prior quarter. Year-over-year, this metric grew by 1.8%, from $9.01M to $9.17M. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityStable
First reportedQ1 2016
Last reportedQ3 2023Nov 8, 2023
How to read this metric
An increase indicates a larger servicing portfolio or higher servicing fees; a decrease suggests portfolio runoff or lower fee structures.
Detailed definition
This metric represents the fees earned by the residential mortgage banking segment for servicing mortgage loans on behal...
Peer comparison
Standard 'Mortgage Servicing Rights' (MSR) related income for mortgage banking firms.
Metric ID:
rc_segment_residential_mortgage_banking_bank_servicing_incomeHistorical Data
10 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Value | $7.47M | $7.75M | $8.07M | $8.12M | $8.58M | $9.01M | $8.80M | $9.36M | $9.39M | $9.17M |
| QoQ Change | — | +3.8% | +4.2% | +0.5% | +5.7% | +5.0% | -2.3% | +6.4% | +0.3% | -2.4% |
| YoY Change | — | — | — | — | +14.9% | +16.2% | +9.0% | +15.4% | +9.5% | +1.8% |
Range$7.47M – $9.39M
CAGR+9.5%
Avg YoY Growth+11.1%
Median YoY Growth+12.2%
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Ready Capital's residential mortgage banking — bank servicing income?
- Ready Capital (RC) reported residential mortgage banking — bank servicing income of $9.17M in Q3 2023.
- How has Ready Capital's residential mortgage banking — bank servicing income changed year-over-year?
- Ready Capital's residential mortgage banking — bank servicing income increased by 1.8% year-over-year, from $9.01M to $9.17M.
- What does residential mortgage banking — bank servicing income mean?
- Revenue earned from managing and servicing residential mortgage loans for others.