Company: CIMO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006426
Chunk: 131

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 1A
Chunk 131
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4 were $121 million, or $1.48 per average diluted common share, and remained relatively unchanged as compared to $119 million, or $1.53 per average diluted common share for the year ended December 31, 2023. 

Net Income (Loss) and Return on Total Stockholders' Equity

The table below shows our Net Income and Economic net interest income as a percentage of average stockholders' equity and Earnings available for distribution as a percentage of average common stockholders' equity. Return on average equity is defined as our GAAP net income (loss) as a percentage of average equity. Average equity is defined as the average of our beginning and ending stockholders' equity balance for the period reported. Economic net interest income and Earnings available for distribution are non-GAAP measures as defined in previous sections.

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 Return on Average EquityEconomic Net Interest Income/Average Equity Earnings available for distribution/Average Common Equity (Ratios have been annualized)For the Year Ended December 31, 20246.72 %10.72 %7.16 %For the Year Ended December 31, 20234.87 %10.45 %7.19 %For the Year Ended December 31, 2022(16.69)%14.17 %11.96 %For the Quarter Ended December 31, 2024(22.27)%10.52 %7.16 %For the Quarter Ended September 30, 202420.30 %10.64 %6.79 %For the Quarter Ended June 30, 20248.57 %11.06 %7.08 %For the Quarter Ended March 31, 202419.90 %10.45 %7.31 %

Return on average equity increased to 6.72% for the year ended December 31, 2024, as compared to 4.87% for the year ended December 31, 2023. Economic net interest income as a percentage of average equity increased by 27 basis points for the year ended December 31, 2024 as compared to the year ended December 31, 2023. Earnings available for distribution as a percentage of average common equity decreased slightly by 3 basis points for the year ended December 31, 2024 as compared to the year ended December 31, 2023.

Financial Condition

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