CEO Bryan Donohoe noted that the company is actively repositioning its assets by addressing high-risk loans and reducing exposure to real estate owned (REO) properties. During the quarter, the firm closed $130 million in new loan commitments, contributing to a total of over $900 million in new business over the past year. CFO Jeff Gonzales emphasized that the company maintains sufficient balance sheet flexibility with more than $100 million in available capital to support ongoing operations.
Looking ahead, the firm confirmed a regular cash dividend of $0.15 per common share for the third quarter of 2026, payable on October 15 to shareholders of record as of September 30. Management aims to rebuild earnings capacity to consistently meet or exceed current dividend obligations as the portfolio transition progresses.
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