Discontinued — last reported Q3 '24
Small Business Lending — Total Assets
Ready Capital Small Business Lending — Total Assets increased by 8.7% to $1.49B in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 5.4%, from $1.41B to $1.49B. Over 2 years (FY 2021 to FY 2023), Small Business Lending — Total Assets shows a downward trend with a -30.1% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
Growth in total assets typically signals business expansion, whereas a decline may indicate a strategic shift or portfolio contraction.
Detailed definition
The aggregate book value of all assets allocated to the Small Business Lending segment, including cash, loans held for i...
Peer comparison
Standard 'Total Segment Assets' metric used in segment reporting for financial institutions.
rc_segment_small_business_lending_total_assetsHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $2.86B | $2.46B | $1.56B | $1.22B | $1.05B | $930.58M | $835.84M | $791.39M | $739.39M | $1.41B | $1.40B | $1.36B | $1.37B | $1.49B |
| QoQ Change | — | -13.9% | -36.7% | -21.9% | -13.8% | -11.4% | -10.2% | -5.3% | -6.6% | +90.7% | -1.0% | -2.7% | +0.7% | +8.7% |
| YoY Change | — | — | — | — | -63.3% | -62.2% | -46.4% | -35.0% | -29.6% | +51.5% | +67.0% | +71.5% | +84.9% | +5.4% |
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Frequently Asked Questions
- What is Ready Capital's small business lending — total assets?
- Ready Capital (RC) reported small business lending — total assets of $1.49B in Q3 2024.
- How has Ready Capital's small business lending — total assets changed year-over-year?
- Ready Capital's small business lending — total assets increased by 5.4% year-over-year, from $1.41B to $1.49B.
- What is the long-term trend for Ready Capital's small business lending — total assets?
- Over 2 years (2021 to 2023), Ready Capital's small business lending — total assets has grown at a -30.1% compound annual growth rate (CAGR), from $8.88B to $4.34B.
- What does small business lending — total assets mean?
- The total value of all resources and loans owned by the Small Business Lending segment.