Ladder Capital Corp (LADR)

Ladder Capital Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest and Dividend Income	301.26	358.63	407.28	293.52	176.1	239.85
Total Interest Expense	193.77	221.54	245.1	195.6	182.95	227.47
Net Interest Income	107.49	137.09	162.19	97.92	-6.85	12.38
Commissions and Fees	19.45	18.7	8.93	14.86	11.19	12.65
Gain (Loss) on Sale of Loans & Receivables	5.56	0.03	-0.52	-2.51	8.4	-1.57
Gain (Loss) on Sale of Investments	-	-	-	-	1.5	-12.28
Other Revenue	97.74	104.02	99.19	122.04	104.89	86.8
Revenue Before Loan Losses	246.78	285.12	278.59	348.31	174.9	130.08
Provision for Loan Losses	2.99	13.93	25.1	3.71	-8.71	18.28
Revenue	243.79	271.18	253.5	344.59	183.61	111.81
Revenue Growth (YoY)	-6.41%	6.98%	-26.44%	87.67%	64.22%	-62.78%
Salaries & Employee Benefits	56.48	60.67	63.62	75.84	38.35	58.1
Cost of Services Provided	63.54	67.48	65.94	66.56	49.64	56.12
Total Operating Expenses	151.02	160.48	159.47	175.07	125.79	153.3
Operating Income	92.78	110.71	94.03	169.53	57.82	-41.5
EBT Excluding Unusual Items	92.78	110.71	94.03	169.53	57.82	-41.5
Other Unusual Items	0.27	0.19	10.72	0.69	-	22.25
Pretax Income	93.05	110.9	104.75	170.21	57.82	-19.25
Income Tax Expense	5.49	3.45	4.24	4.91	0.93	-9.79
Earnings From Continuing Ops.	87.56	107.45	100.5	165.31	56.89	-9.46
Minority Interest in Earnings	0.85	0.81	0.62	-23.09	-0.37	-4.99
Net Income	88.4	108.26	101.13	142.22	56.52	-14.45
Net Income to Common	88.4	108.26	101.13	142.22	56.52	-14.45
Net Income Growth	-11.16%	7.05%	-28.89%	151.61%	-	-
Shares Outstanding (Basic)	126	126	125	124	124	112
Shares Outstanding (Diluted)	126	126	125	126	125	112
Shares Change (YoY)	0.57%	0.72%	-0.75%	1.01%	10.81%	5.65%
EPS (Basic)	0.70	0.86	0.81	1.14	0.46	-0.13
EPS (Diluted)	0.70	0.86	0.81	1.13	0.45	-0.13
EPS Growth	-11.44%	6.17%	-28.32%	151.11%	-	-
Dividend Per Share	0.920	0.920	0.920	0.880	0.800	0.940
Dividend Growth	-	-	4.54%	10.00%	-14.89%	-30.88%
Operating Margin	38.06%	40.82%	37.09%	49.20%	31.49%	-37.12%
Profit Margin	36.26%	39.92%	39.89%	41.27%	30.78%	-12.92%
Effective Tax Rate	5.90%	3.11%	4.05%	2.88%	1.60%	-

Updated Jul 24, 2025. Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.

SEC Filings: 10-K · 10-Q