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  "documentTitle": "Ready Capital | Investor Presentation Deck | 37 slides",
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      "text": "(In thousands, except share data)\nQ3 2022\nQ4 2022\nQ1 2023\nQ2 2023\nQ3 2023\nInterest income\n186,026\n207,068\n217,573\n232,884\n250,590\nInterest expense\n(115,495)\n(143,435)\n(160,394)\n(172,534)\n(191,612)\nNet interest income before (provision for) recovery of loan losses\n70,531\n63,633\n57,179\n60,350\n58,978\nRecovery of (provision for) loan losses\n(3,431)\n(33,859)\n6,734\n(19,427)\n12,151\nNet interest income after (provision for) recovery of loan losses\n67,100\n29,774\n63,913\n40,923\n71,129\nNon-interest income\nResidential mortgage banking activities\n12,053\n549\n9,169\n9,884\n7,059\nNet realized gain (loss) on financial instruments and real estate owned\n21,117\n3,526\n11,575\n23,878\n14,402\nNet unrealized gain (loss) on financial instruments\n16,460\n9,430\n(11,728)\n7,407\n17,684\nServicing income, net of amortization and impairment\n12,189\n8,643\n14,003\n14,432\n16,033\nIncome on purchased future receivables, net\n1,162\n540\n86\n904\nIncome on unconsolidated joint ventures\n(603)\n501\n656\n33\n56\nGain (loss) on bargain purchase\n229,894\n(14,862)\nOther income\n16,150\n19,771\n19,883\n18,569\n18,315\nTotal non-interest income\n78,528\n42,420\n44,098\n304,183\n59,591\nNon-interest expense\nEmployee compensation and benefits\n(25,941)\n(19,228)\n(25,139)\n(27,709)\n(24,868)\nAllocated employee compensation and benefits from related party\n(1,745)\n(3,000)\n(2,326)\n(2,500)\n(3,001)\nVariable income (expenses) on residential mortgage banking activities\n(9,061)\n1,168\n(5,485)\n(6,574)\n(4,091)\nProfessional fees\n(3,865)\n(5,251)\n(5,717)\n(5,656)\n(7,810)\nManagement fees - related party\n(5,410)\n(5,224)\n(5,081)\n(5,760)\n(7,229)\nIncentive fees - related party\n(949)\n(2,156)\n(1,720)\n(71)\nLoan servicing expense\n(10,697)\n(10,123)\n(9,963)\n(13,115)\n(15,818)\nTransaction related expenses\n(1,535)\n(5,027)\n(893)\n(13,966)\n(2,329)\nOther operating expenses\n(15,396)\n(12,881)\n(14,318)\n(11,241)\n(14,368)\nTotal non-interest expense\n(74,599)\n(61,722)\n(70,642)\n(86,592)\n(79,514)\nIncome before provision for income taxes\n71,029\n10,472\n37,369\n258,514\n51,206\nIncome tax provision\n(4,776)\n3,210\n(391)\n(5,141)\n(4,027)\nNet income\n66,253\n13,682\n36,978\n253,373\n47,179\nLess: Dividends on preferred stock\n1,999\n1,999\n1,999\n2,000\n1,999\nLess: Net income attributable to non-controlling interest\n3,023\n2,228\n1,835\n4,490\n1,517\nNet income attributable to Ready Capital Corporation\n61,231\n9,455\n33,144\n246,883\n43,663\nEarnings per common share - basic\n0.53\n0.08\n0.30\n1.87\n0.25\nEarnings per common share - diluted\n0.50\n0.09\n0.29\n1.76\n0.25\nWeighted-average shares outstanding - Basic\n114,371,160\n110,739,644\n110,672,939\n131,651,125\n171,973,933\nWeighted-average shares outstanding - Diluted\n125,666,609\n121,062,323\n121,025,909\n141,583,837\n174,440,869\nDividends declared per share of common stock\n0.42\n0.40\n0.40\n0.40\n0.36",
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      "text": "Statement of Income by Quarter",
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