Discontinued — last reported Q3 '23
Business Segments · Professional Fees
Sbc Lending And Acquisitions — Professional Fees
Ready Capital Sbc Lending And Acquisitions — Professional Fees increased by 11.4% to $1.26M in Q3 2023 compared to the prior quarter. Year-over-year, this metric declined by 22.5%, from $1.63M to $1.26M. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2019
Last reportedQ3 2023Nov 8, 2023
Rolls up toProfessional fees
How to read this metric
Rising professional fees may indicate increased legal or compliance complexity, whereas lower fees suggest streamlined operations.
Detailed definition
This metric captures external costs incurred by the SBC Lending and Acquisitions segment for legal, accounting, consulti...
Peer comparison
Commonly reported as 'Professional Services' or 'Legal and Professional Fees' in segment expense breakdowns.
Metric ID:
rc_segment_sbc_lending_and_acquisitions_professional_feesHistorical Data
10 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Value | $993.00K | $1.19M | $1.03M | $2.40M | $1.10M | $1.63M | $1.90M | $981.00K | $1.14M | $1.26M |
| QoQ Change | — | +20.1% | -13.4% | +132.4% | -54.3% | +48.6% | +16.7% | -48.4% | +15.7% | +11.4% |
| YoY Change | — | — | — | — | +10.5% | +36.6% | +84.1% | -59.1% | +3.5% | -22.5% |
Range$981.00K – $2.40M
CAGR+11.3%
Avg YoY Growth+8.8%
Median YoY Growth+7.0%
Current Streak2 quarters growth
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Frequently Asked Questions
- What is Ready Capital's sbc lending and acquisitions — professional fees?
- Ready Capital (RC) reported sbc lending and acquisitions — professional fees of $1.26M in Q3 2023.
- How has Ready Capital's sbc lending and acquisitions — professional fees changed year-over-year?
- Ready Capital's sbc lending and acquisitions — professional fees decreased by 22.5% year-over-year, from $1.63M to $1.26M.
- What does sbc lending and acquisitions — professional fees mean?
- External costs for professional services like legal and consulting within the small business lending segment.