Ladder Capital Corp income statement
In fiscal 2015, Ladder Capital Corp reported revenue of $329m, up 10.2% on the year before and net income of $73.8m, or $1.42 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | LTMDec 2020 |
|---|---|---|---|---|---|
| Revenue | 249 | 315 | 299 | 329 | 165 |
| Interest expense | 36 | 49 | 78 | 113 | 227 |
| Net interest income | 100 | 73 | 110 | 128 | 25 |
| Non-interest income | 149 | 242 | 189 | 201 | 140 |
| Provision for credit losses | 0 | 1 | 1 | 1 | 18 |
| Income before tax | 172 | 192 | 124 | 161 | −19 |
| Income tax | 3 | 4 | 27 | 15 | −15 |
| Net income | 169 | 189 | 44 | 74 | −7 |
| Diluted EPS | — | — | $0.86 | $1.42 | −$0.07 |
| Diluted shares (average) | — | — | 98m | 52m | 112m |
| Quarter | 2019 Q1Mar 2019 | 2019 Q2Jun 2019 | 2019 Q3Sept 2019 | 2019 Q4Dec 2019 | 2020 Q1Mar 2020 | 2020 Q2Jun 2020 | 2020 Q3Sept 2020 | 2020 Q4Dec 2020 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 68 | 77 | 69 | 86 | 50 | 25 | 51 | 40 |
| Interest expense | 51 | 52 | 51 | 49 | 51 | 68 | 56 | 51 |
| Net interest income | 35 | 33 | 31 | 27 | 21 | −6 | −2 | 12 |
| Non-interest income | 33 | 44 | 38 | 60 | 29 | 31 | 53 | 27 |
| Provision for credit losses | 0 | 0 | 0 | 2 | 27 | −1 | −3 | −5 |
| Income before tax | 22 | 38 | 32 | 48 | −19 | −6 | 21 | −16 |
| Income tax | −3 | 2 | 1 | 2 | −5 | −1 | 0 | −10 |
| Net income | 22 | 36 | 31 | 45 | −14 | −5 | 21 | −9 |
| Diluted EPS | $0.21 | $0.30 | $0.26 | $0.37 | −$0.15 | −$0.04 | $0.14 | −$0.10 |
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