Discontinued — last reported Q3 '23
Business Segments · Noninterest Expense
Residential Mortgage Banking — Noninterest Expense
Ready Capital Residential Mortgage Banking — Noninterest Expense decreased by 11.9% to $14.01M in Q3 2023 compared to the prior quarter. Year-over-year, this metric declined by 25.8%, from $18.88M to $14.01M. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2016
Last reportedQ3 2023Nov 8, 2023
Rolls up toTotal Operating Expenses
How to read this metric
Lower noninterest expense relative to revenue indicates higher operational efficiency and better profit margins.
Detailed definition
The aggregate of all operating expenses for the residential mortgage banking segment, excluding interest expense. This m...
Peer comparison
Standard metric across financial institutions, often compared as 'Noninterest Expense' or 'Operating Expenses'.
Metric ID:
rc_segment_residential_mortgage_banking_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 | $35.99M | $36.59M | $22.50M | $13.34M | $7.22M | $18.88M | $6.80M | $14.59M | $15.90M | $14.01M |
| QoQ Change | — | +1.7% | -38.5% | -40.7% | -45.9% | +161.3% | -64.0% | +114.7% | +9.0% | -11.9% |
| YoY Change | — | — | — | — | -79.9% | -48.4% | -69.8% | +9.3% | +120.1% | -25.8% |
Range$6.80M – $36.59M
CAGR-34.3%
Avg YoY Growth-15.8%
Median YoY Growth-37.1%
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Ready Capital's residential mortgage banking — noninterest expense?
- Ready Capital (RC) reported residential mortgage banking — noninterest expense of $14.01M in Q3 2023.
- How has Ready Capital's residential mortgage banking — noninterest expense changed year-over-year?
- Ready Capital's residential mortgage banking — noninterest expense decreased by 25.8% year-over-year, from $18.88M to $14.01M.
- What does residential mortgage banking — noninterest expense mean?
- The total operating costs of the residential mortgage banking segment, excluding interest payments.