3 Second Quarter 2021 Results . Net income of $30.9 million1, or $0.38 per common share . Distributable earnings of $41.4 million1, or $0.52 per common share . Declared dividend of $0.42 per common share Earnings / Dividends . Return on Equity2 of 10.0% . Distributable Return on Equity3 of 13.8% . Dividend Yield4 of 10.6% Returns . CRE originations and acquisitions of $1.1 billion . SBA loan originations of $145.7 million . Residential mortgage loan originations of $1.1 billion Loan Originations5 / Acquisitions . Adjusted net book value6 of $14.87 per common share . Recourse leverage ratio of 1.8x consisting of 1.1x of warehouse credit facilities and borrowings under repurchase agreements, 0.5x of corporate debt and 0.2x of agency secured borrowings Balance Sheet 1. Before dividends on preferred securities and inclusive of non-controlling interest 2. Return on Equity is an annualized percentage equal to quarterly net income over the average monthly total stockholders’ equity for the period 3. Distributable Return on Equity is an annualized percentage equal to Distributable earnings over the average monthly total stockholders’ equity for the period. Refer to the “Distributable Earnings Reconciliation” slide for a reconciliation of GAAP Net Income to Distributable Earnings 4. Q2 Dividend yield for the period based on the 06/30/2021 closing share price of $15.87 5. Represents fully committed amounts 6. Excludes the equity component of our 2017 convertible note issuance

4 Second Quarter 2021 Results (continued) . Total liquidity of $428(1) million including cash, anticipated warehouse advances, principal and interest receivable from servicers and anticipated proceeds from available-for-sale assets. Current Liquidity . Closed $232 million acquired SBC loan securitization at a 79.8% advance rate and a weighted average cost of 1.6% . Closed a $500 million warehouse facility for SBC loans at 1mL plus spread by product (2%-2.35%) . Issued new Series E Cumulative Redeemable 6.50% Preferred Stock securities to redeem Series B 8.625% and Series D 7.625% Cumulative Preferred Stock Capital Markets . Originated over 70,000 loans in round 2 totaling $2.2 billion through June 30th Paycheck Protection Program – Round 2 . Liquidated $1.8 billion of the agency RMBS portfolio to date, generating over $200 million of capital for reinvestment to core strategies ANH Transaction 1. Liquidity balance as of August 2, 2021

5 Return on Equity 1. Levered yield includes interest income, accretion of discount, MSR creation, income from unconsolidated joint ventures, realized gains (losses) on loans held for sale, unrealized gains (losses) on loans held for sale and servicing income net of interest expense and amortization of deferred financing costs on an annualized basis. 2. GAAP ROE is based on GAAP Net Income, while Distributable ROE is based on Distributable Earnings, which adjusts GAAP Net Income for certain items detailed on the “Distributable Earnings Reconciliation” slide. 3. ROE based on net income before tax of the Residential Mortgage Banking business line divided by the business line’s average monthly equity. Segment Loan Acquisitions 11.9 % 11.9 % 29.3 % SBC Originations 14.0 % 14.0 % 60.0 % Small Business Lending 99.2 % 99.2 % 5.6 % Residential Mortgage Banking (3) 17.1 % 41.9 % 5.0 % 2.6 1.9 3.1 0.3 21.0 % 26.2 % 22.7 % 19.4 % 2.4 2.7 2.4 2.7 (2.0) - (0.5) - 4.8 1.6 4.8 1.6 (0.9) (2.7) - - (10.6) (9.8) (10.3) (9.4) (1.0) (1.2) (1.0) (1.2) (2.5) (3.9) (3.1) (2.1) Dividends on preferred stock (1.2) (0.1) (1.2) (0.1) 10.0 % 12.8 % 13.8 % 10.9 % GAAP ROE (2) Distributable ROE (2) Levered Yield (1) Distributable Levered Yield (1) Equity Allocation Q2'21 Q1'21 Q2'21 Q1'21 Corporate leverage, net of non-earning assets 19.1 24.3 % 19.6 % Return on equity Gross return on equity Realized & unrealized gains, net Non-recurring gains, losses and expenses Investment advisory fees Benefit (Provision) for income taxes Loan loss recovery (provision) PPP revenue, net of direct expenses Operating expenses 18.4 % %

6 SBC Investment by Product Type $20.8 $82.9 $65.0 $50.2 $145.7 $17.0 $6.0 $53.6 $157.9 $105.6 $132.1 $164.4 $240.5 $16.9 $243.2 $652.8 $807.2 $15.8 $140.2 $0 $100 $200 $300 $400 $500 $600 $700 $800 Q2'20 Q3'20 Q4'20 Q1'21 Q2'21 SBA Fixed Rate Freddie Mac Transitional Acquired 1. Origination volumes are based on fully committed amounts HISTORICAL GROWTH1

11 Diversified, Complementary, & Scalable Platforms 13% 14% 31% 1% 34% 7% Acquisitions SBC Originations - Fixed rate SBC Originations - Bridge SBC Originations - Freddie Mac Small Business Lending Residential Mortgage Banking PORTFOLIO BREAKDOWN1 REVENUE BREAKDOWN2 $13,191 $4,376 $18,670 $8,672 $41,676 $14,254 $0 $5,000 $10,000 $15,000 $20,000 $25,000 $30,000 $35,000 $40,000 $45,000 Acquisitions SBC Originations - Fixed rate SBC Originations - Bridge SBC Originations - Freddie Mac Small Business Lending Residential Mortgage Banking 1. Assets include loans, MBS, servicing assets, JV investments, real estate owned, and purchased future receivables. 2. Based on QTD Distributable Earnings. Distributable earnings includes interest income, accretion of discount, MSR creation, income from unconsolidated joint ventures, realized gains (losses) on loans held for sale, unrealized gains (losses) on loans held for sale and servicing income net of interest expense and amortization of deferred financing costs on an annualized basis.

12 Loan Portfolio Composition 12 1. As a percent of unpaid principal balance 2. Excludes loans held-for-sale, at fair value COLLATERAL TYPE SBA COLLATERAL TYPE LIEN POSITION 19% 13% 8% 6% 4% 50% Lodging Offices of Physicians Child Day Care Services Eating Places Gasoline Service Stations Other 31% 16% 14% 13% 12% 14% Multi-family Retail SBA Office Mixed Use Other GEOGRAPHIC LOCATION 19% 14% 7% 11% 6% 43% California Texas Florida New York Georgia Other 99.3% 0.7% First Mortgage Subordinated Mortgage As of June 30, 20211, 2

13 Current Expected Credit Losses • Total ending Q2 2021 allowance reserves of $50.0 million representing 1.0% of the total loan balance • Incremental reserves of $4.0 million across our loan portfolios during the quarter: • Acquired loans: Net reserves remained consistent quarter-over-quarter. • Small Business loans (7(a)): Net reserves remained consistent quarter-over-quarter. • Originated Fixed Rate loans: Net reserves remained consistent quarter-over-quarter. • Originated Transitional loans: Increase in pooled reserves attributable to new loan originations in Q2.

14 Loan Portfolio – Risk Rating BUCKET 1: Very Low Risk of Loss: New origination or current with strong credit metrics (LTV/DSCR/DY). No expected losses. BUCKET 2: Low Risk of Loss: Current with maturity > 6 months. Lower credit metrics with possibility of inclusion on CREFC watchlist. No expected losses. BUCKET 3: Medium Risk of Loss: Current with near term maturities or in forbearance. Loss unlikely with no specific reserves booked. BUCKET 4: Higher Risk: Loan delinquent or in maturity default. Potential issues with sponsor or business plans. Minimal losses possible and adequately reserved in current period. BUCKET 5: Highest risk: Loan in default or special servicing. Specific losses identified and adequately reserved for in current period. 47% 35% 8% 5% 5% CREDIT QUALITY INDICATORS 1. Commercial real estate portfolio only 2. As a percent of unpaid principal balance 3. Excludes loans held-for-sale, at fair value CRITERIA As of June 30, 20211, 2, 3

17% 18% 18% 16% 13% 2% 3% 2% 3% 3% 1% 1% 7% 7% 7% 7% 6% 27% 26% 30% 44% 49% 46% 46% 42% 30% 28% Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Funding Mix Securitized debt oblications Credit faciities and repurchase agreements Senior secured notes and Corporate debt Convertible senior notes Preferred Equity Common Stockholders Equity 15 Capital Structure • Current cash and available liquidity of $428 million • Closed $232 million acquired SBC loan securitization at a 79.8% advance rate and a weighted average cost of 1.6% • Issued new Series E Cumulative Redeemable 6.50% Preferred Stock securities to redeem Series B 8.625% and Series D 7.625% Cumulative Preferred Stock HISTORICAL CAPITAL STRUCTURE LIQUIDITY UPDATE Total Debt & Eqty ($M) $4,648 $4,502 $4,553 $7,312 $8,213 Convertible Notes $ 115.0 7.0% 7.0% Senior Secured Notes $ 180.0 7.5% 7.0% Baby Bonds $ 305.5 5.9% 5.9% Junior Subordinated Notes $ 36.3 3.3% 3.3% Series B Preferred Stock $ 48.0 8.6% 8.6% Series C Convertible Prefer $ 8.4 6.3% 6.3% Series D Preferred Stock $ 50.3 7.6% 7.6% Series E Preferred Stock $ 115.0 6.5% 6.5% Total $ 858.4 6.6% 6.5% As of June 30, 2021 Principal Balance Coupon YTM Corporate Financing ($ in millions)

16 Financing and Leverage 2.1x 2.0x 2.2x 2.3x 1.8x 4.7x 4.5x 4.5x 5.1x 5.4x 0.0 1.0 2.0 3.0 4.0 5.0 6.0 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021 Recourse Total HISTORICAL LEVERAGE $ in millions Total debt-to-equity ratio Secured borrowings (warehouse credit facilities and borrowings under repo transactions) $ 1,568 Secured borrowings (ANH warehouse credit facilities and borrowings under repo transactions) 135 Paycheck Protection Program Liquidity Fund 2,287 Securitized debt obligations 2,309 Senior secured notes and corporate bonds 513 Convertible notes 113 Total debt $ 6,925 Total stockholders' equity $ 1,280 Total debt-to-equity ratio 5.4 Total recourse debt-to-equity ratio Total debt $ 6,925 Less: Securitized debt obligations (2,309) Less: Paycheck Protection Program Liquidity Fund (2,287) Total recourse debt $ 2,329 Total stockholders' equity $ 1,280 Total recourse debt-to-equity ratio 1.8 June 2021

18 Financial Snapshot 1. Average carrying value includes average quarterly carrying value of loan and servicing asset balances 2. Gross yields include interest income, accretion of discount, MSR creation, income from our unconsolidated joint venture, realized gains (losses) on loans held for sale, unrealized gains (losses) on loans held for sale and servicing income net of interest expense and amortization of deferred financing costs on an annualized basis. 3. The Company finances the assets included in the Investment Type through securitizations, repurchase agreements, warehouse facilities and bank credit facilities. Interest expense is calculated based on interest expense and deferred financing amortization for the quarter ended 6/30/2021 on an annualized basis. 4. Excludes loans, held for sale, at fair value 5. Excludes the equity component of our 2017 convertible note issuance. 6. Q2 Dividend yield for the period based on the 06/30/2021 closing share price of $15.87 ($ in thousands, except per share data) Average Carrying Value(1) Debt Cost (3) Levered Yield Loan Acquisitions 1,438,039 $ 5.8% 996,188 $ 3.0% 11.9% SBC Originations 3,387,614 $ 6.2% 2,484,025 $ 3.4% 14.0% Small Business Lending 255,381 $ 35.4% 170,860 $ 3.8% 99.2% Total 5,081,034 $ 7.6% 3,651,073 $ 3.3% 18.4% Investment Type Gross Yield(2) Average Debt Balance % Fixed vs Floating Rate 34% / 66% % Originated vs Acquired 78% / 22% Weighted Average LTV - SBC originations 70% Weighted Average LTV - SBA 81% Weighted Average LTV - Acquired 41% Loan Portfolio Metrics (4) Net income (loss) | Distributable earnings $30,904 | $41,428 Earnings per share - Basic and diluted $ 0.38 Distributable Earnings per Common Share $ 0.52 Return on Equity per Common Share 10.0% Distributable Return on Equity per Common Share 13.8% Dividend Yield (6) 10.6% Q2 2021 Earnings Data Metrics SBA servicing rights - UPB $ 729,071 SBA servicing rights- carrying value $ 19,721 Freddie Mac servicing rights - UPB $ 1,802,187 Freddie Mac servicing rights - carrying value $ 24,724 Residential servicing rights - UPB $ 10,373,511 Residential servicing rights - carrying value $ 100,820 Servicing Portfolio Metrics Common Stockholders' equity $ 1,059,907 Common Stockholders' equity (adjusted)(5) $ 1,059,053 Total Common Shares outstanding 71,231,422 Net Book Value per Common Share $ 14.88 Adjusted Net Book Value per Common Share $ 14.87 Book Equity Value Metrics

APPENDIX Additional Financial Information

22 Distributable Earnings Reconciliation by Quarter The Company believes that this non-U.S. GAAP financial information, in addition to the related U.S. GAAP measures, provides investors greater transparency into the information used by management in its financial and operational decision-making, including the determination of dividends. However, because Distributable Earnings is an incomplete measure of the Company's financial performance and involves differences from net income computed in accordance with U.S. GAAP, it should be considered along with, but not as an alternative to, the Company's net income computed in accordance with U.S. GAAP as a measure of the Company's financial performance. In addition, because not all companies use identical calculations, the Company's presentation of Distributable Earnings may not be comparable to other similarly-titled measures of other companies. We calculate Distributable earnings as GAAP net income (loss) excluding the following: i) any unrealized gains or losses on certain MBS ii) any realized gains or losses on sales of certain MBS iii) any unrealized gains or losses on Residential MSRs iv) any unrealized gains or losses resulting from a change in CECL impairment reserves on accrual loans v) one-time non-recurring gains or losses, such as gains or losses on discontinued operations, bargain purchase gains, or merger related expenses In calculating Distributable Earnings, Net Income (in accordance with U.S. GAAP) is adjusted to exclude unrealized gains and losses on MBS acquired by the Company in the secondary market but is not adjusted to exclude unrealized gains and losses on MBS retained by Ready Capital as part of its loan origination businesses, where the Company transfers originated loans into an MBS securitization and the Company retains an interest in the securitization. In calculating Distributable Earnings, the Company does not adjust Net Income (in accordance with U.S. GAAP) to take into account unrealized gains and losses on MBS retained by us as part of the loan origination businesses because the unrealized gains and losses that are generated in the loan origination and securitization process are considered to be a fundamental part of this business and an indicator of the ongoing performance and credit quality of the Company’s historical loan originations. In calculating Distributable Earnings, Net Income (in accordance with U.S. GAAP) is adjusted to exclude realized gains and losses on certain MBS securities considered to be non-distributable. Certain MBS positions are considered to be non-distributable due to a variety of reasons which may include collateral type, duration, and size. In 2016, the Company liquidated the majority of its MBS portfolio from distributable earnings to fund recurring operating segments. In addition, in calculating Distributable Earnings, Net Income (in accordance with U.S. GAAP) is adjusted to exclude unrealized gains or losses on residential MSRs, held at fair value. The Company treats its commercial MSRs and residential MSRs as two separate classes based on the nature of the underlying mortgages and the treatment of these assets as two separate pools for risk management purposes. Servicing rights relating to the Company’s small business commercial business are accounted for under ASC 860, Transfer and Servicing, while the Company’s residential MSRs are accounted for under the fair value option under ASC 825, Financial Instruments. In calculating Distributable Earnings, the Company does not exclude realized gains or losses on either commercial MSRs or residential MSRs, held at fair value, as servicing income is a fundamental part of Ready Capital’s business and is an indicator of the ongoing performance. To qualify as a REIT, the Company must distribute to its stockholders each calendar year at least 90% of its REIT taxable income (including certain items of non-cash income), determined without regard to the deduction for dividends paid and excluding net capital gain. There are certain items, including net income generated from the creation of MSRs, that are included in distributable earnings but are not included in the calculation of the current year’s taxable income. These differences may result in certain items that are recognized in the current period’s calculation of distributable earnings not being included in taxable income, and thus not subject to the REIT dividend distribution requirement until future years. (In thousands, except share data) Net Income $ 34,663 $ 35,363 $ 27,559 $ 28,947 $ 30,904 Reconciling items: Unrealized (gain) loss on mortgage servicing rights $ 12,044 $ 4,688 $ 4,087 $ (15,356) $ 4,699 Change in CECL reserve on accrual loans (5,076) (7,248) (3,587) (29) 4,035 Non-recurring REO impairment 106 (114) 445 — 510 Merger transaction costs and other non-recurring expenses 967 998 1,323 7,263 2,971 Unrealized loss on mortgage-backed securities (45) — — — — Unrealized loss on de-designated cash flow hedges   —   —   —   —   — Total reconciling items $ 7,996 $ (1,676) $ 2,268 $ (8,122) $ 12,215 Distributable earnings before income taxes $ 42,659 $ 33,687 $ 29,827 $ 20,825 $ 43,119 Income tax adjustments   (3,436)   (1,561)   (1,023)   3,883   (1,691) Distributable earnings $ 39,223 $ 32,126 $ 28,804 $ 24,708 $ 41,428 Less: Distributable earnings attributable to non-controlling interests $ 917 $ 731 $ 677 $ 563 $ 595 Less: Income attributable to participating shares 285 339 305 376 392 Less: Dividends on preferred stock — — — 281 3,224 Distributable earnings attributable to Common Stockholders $ 38,021 $ 31,056 $ 27,822 $ 23,488 $ 37,217 DIstributable earnings per share $ 0.70 $ 0.57 $ 0.51 $ 0.41 $ 0.52 Weighted average common shares outstanding 53,980,451 54,626,995 54,338,209 56,817,632 71,221,806 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Q2 2021