Ready Capital (RC) - 2025 Q1 - Quarterly Results

Exhibit 99.1 READY CAPITAL CORPORATION REPORTS FIRST QUARTER 2025 RESULTS Use of Non-GAAP Financial Information In addition to the results presented in accordance with U.S. GAAP, this press release includes distributable earnings, formerly referred to as core earnings, which is a non-U.S. GAAP financial measure. The Company defines distributable earnings as net income adjusted for unrealized gains and losses related to certain mortgage backed securities ("MBS") not retained by us as part of our loan origina ...