Ladder Capital Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest and Dividend Income	266.89	358.63	407.28	293.52	176.1
Total Interest Expense	174.92	221.54	245.1	195.6	182.95
Net Interest Income	91.98	137.09	162.19	97.92	-6.85
Commissions and Fees	15	18.7	8.93	14.86	11.19
Gain (Loss) on Sale of Loans & Receivables	4.72	0.03	-0.52	-2.51	8.4
Gain (Loss) on Sale of Investments	-	-	-	-	1.5
Other Revenue	99.73	104.02	99.19	122.04	104.89
Revenue Before Loan Losses	215.22	285.12	278.59	348.31	174.9
Provision for Loan Losses	-0.16	13.93	25.1	3.71	-8.71
Revenue	215.38	271.18	253.5	344.59	183.61
Revenue Growth (YoY)	-20.58%	6.98%	-26.44%	87.67%	64.22%
Salaries & Employee Benefits	52.74	60.67	63.62	75.84	38.35
Cost of Services Provided	63.61	67.48	65.94	66.56	49.64
Total Operating Expenses	148.34	160.48	159.47	175.07	125.79
Operating Income	67.04	110.71	94.03	169.53	57.82
EBT Excluding Unusual Items	67.04	110.71	94.03	169.53	57.82
Other Unusual Items	0.15	0.19	10.72	0.69	-
Pretax Income	67.19	110.9	104.75	170.21	57.82
Income Tax Expense	3.49	3.45	4.24	4.91	0.93
Earnings From Continuing Ops.	63.7	107.45	100.5	165.31	56.89
Minority Interest in Earnings	0.49	0.81	0.62	-23.09	-0.37
Net Income	64.18	108.26	101.13	142.22	56.52
Net Income to Common	64.18	108.26	101.13	142.22	56.52
Net Income Growth	-40.71%	7.05%	-28.89%	151.61%	-
Shares Outstanding (Basic)	125	126	125	124	124
Shares Outstanding (Diluted)	126	126	125	126	125
Shares Change (YoY)	0.33%	0.72%	-0.75%	1.01%	10.81%
EPS (Basic)	0.51	0.86	0.81	1.14	0.46
EPS (Diluted)	0.51	0.86	0.81	1.13	0.45
EPS Growth	-40.70%	6.17%	-28.32%	151.11%	-
Dividend Per Share	0.920	0.920	0.920	0.880	0.800
Dividend Growth	-	-	4.54%	10.00%	-14.89%
Operating Margin	31.13%	40.82%	37.09%	49.20%	31.49%
Profit Margin	29.80%	39.92%	39.89%	41.27%	30.78%
Effective Tax Rate	5.20%	3.11%	4.05%	2.88%	1.60%

Updated Feb 5, 2026. Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.

SEC Filings: 10-K · 10-Q