Discontinued — last reported Q3 '23
Business Segments · Bank Servicing Income
Sbc Lending And Acquisitions — Bank Servicing Income
Ready Capital Sbc Lending And Acquisitions — Bank Servicing Income decreased by 36.6% to $1.20M in Q3 2023 compared to the prior quarter. Year-over-year, this metric grew by 0.6%, from $1.19M to $1.20M. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementSegment
CategoryGrowth
SignalHigher is better
VolatilityStable
First reportedQ1 2019
Last reportedQ3 2023Nov 8, 2023
How to read this metric
Higher income indicates a larger servicing portfolio or increased servicing efficiency, providing stable, non-interest revenue.
Detailed definition
Revenue earned by the segment for providing loan servicing functions, such as collecting payments and managing escrow ac...
Peer comparison
Common for mortgage and commercial lenders; peers often highlight this as a source of recurring, low-risk revenue.
Metric ID:
rc_segment_sbc_lending_and_acquisitions_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 | $796.00K | $998.00K | $593.00K | $920.00K | $1.43M | $1.19M | $1.08M | $1.09M | $1.89M | $1.20M |
| QoQ Change | — | +25.4% | -40.6% | +55.1% | +55.5% | -16.8% | -9.2% | +1.1% | +72.9% | -36.6% |
| YoY Change | — | — | — | — | +79.8% | +19.3% | +82.3% | +18.8% | +32.1% | +0.6% |
Range$593.00K – $1.89M
CAGR+19.9%
Avg YoY Growth+38.8%
Median YoY Growth+25.7%
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Frequently Asked Questions
- What is Ready Capital's sbc lending and acquisitions — bank servicing income?
- Ready Capital (RC) reported sbc lending and acquisitions — bank servicing income of $1.20M in Q3 2023.
- How has Ready Capital's sbc lending and acquisitions — bank servicing income changed year-over-year?
- Ready Capital's sbc lending and acquisitions — bank servicing income increased by 0.6% year-over-year, from $1.19M to $1.20M.
- What does sbc lending and acquisitions — bank servicing income mean?
- Fees earned for managing and servicing loans on behalf of others.