Discontinued — last reported Q3 '23
Business Segments · Interest Income Expense Net
Residential Mortgage Banking — Interest Income Expense Net
Ready Capital Residential Mortgage Banking — Interest Income Expense Net increased by 110.2% to $44.00K in Q3 2023 compared to the prior quarter. Year-over-year, this metric grew by 112.1%, from -$365.00K to $44.00K. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ1 2014
Last reportedQ3 2023Nov 8, 2023
Rolls up toNet Interest Income
How to read this metric
An increase indicates improved net interest margins; a decrease suggests margin compression due to rising funding costs or lower asset yields.
Detailed definition
This metric measures the net interest margin for the residential mortgage banking segment by subtracting interest expens...
Peer comparison
Equivalent to Net Interest Income (NII) for banking and finance segments.
Metric ID:
rc_segment_residential_mortgage_banking_interest_income_expense_netHistorical Data
10 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Value | -$261.00K | -$161.00K | -$187.00K | -$133.00K | -$6.00K | -$365.00K | $0.00 | $79.00K | -$432.00K | $44.00K |
| QoQ Change | — | +38.3% | -16.1% | +28.9% | +95.5% | <-999% | +100.0% | — | -646.8% | +110.2% |
| YoY Change | — | — | — | — | +97.7% | -126.7% | +100.0% | +159.4% | <-999% | +112.1% |
Range-$432.00K – $79.00K
CAGR-54.7%
Avg YoY Growth<-999%
Median YoY Growth+98.9%
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Frequently Asked Questions
- What is Ready Capital's residential mortgage banking — interest income expense net?
- Ready Capital (RC) reported residential mortgage banking — interest income expense net of $44.00K in Q3 2023.
- How has Ready Capital's residential mortgage banking — interest income expense net changed year-over-year?
- Ready Capital's residential mortgage banking — interest income expense net increased by 112.1% year-over-year, from -$365.00K to $44.00K.
- What does residential mortgage banking — interest income expense net mean?
- The difference between interest earned and interest paid within the residential mortgage banking segment.