Discontinued — last reported Q3 '23
Business Segments · Interest Expense
Residential Mortgage Banking — Interest Expense
Ready Capital Residential Mortgage Banking — Interest Expense decreased by 20.6% to $1.84M in Q3 2023 compared to the prior quarter. Year-over-year, this metric declined by 26.0%, from $2.48M to $1.84M. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2014
Last reportedQ3 2023Nov 8, 2023
Rolls up toInterest Expense
How to read this metric
An increase may signal higher leverage or rising interest rates on debt; a decrease suggests lower borrowing costs or reduced debt levels.
Detailed definition
This represents the costs incurred by the residential mortgage banking segment to finance its operations and asset holdi...
Peer comparison
Standard interest expense line item for any financial institution with debt-funded operations.
Metric ID:
rc_segment_residential_mortgage_banking_interest_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 | $2.30M | $2.37M | $2.20M | $1.96M | $2.23M | $2.48M | $1.75M | $1.53M | $2.31M | $1.84M |
| QoQ Change | — | +3.4% | -7.5% | -10.8% | +13.7% | +11.4% | -29.4% | -12.8% | +51.5% | -20.6% |
| YoY Change | — | — | — | — | -3.0% | +4.4% | -20.3% | -22.1% | +3.9% | -26.0% |
Range$1.53M – $2.48M
CAGR-9.5%
Avg YoY Growth-10.5%
Median YoY Growth-11.6%
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Frequently Asked Questions
- What is Ready Capital's residential mortgage banking — interest expense?
- Ready Capital (RC) reported residential mortgage banking — interest expense of $1.84M in Q3 2023.
- How has Ready Capital's residential mortgage banking — interest expense changed year-over-year?
- Ready Capital's residential mortgage banking — interest expense decreased by 26.0% year-over-year, from $2.48M to $1.84M.
- What does residential mortgage banking — interest expense mean?
- The total interest costs paid to fund the residential mortgage banking segment's operations.