Company: CIMO
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001628280-25-038345
Chunk: 168

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 168
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 sell and bundle assets and services solutions for third parties, and create opportunities to strategically retain and reinvest profits.

The repositioning of our investment portfolio is an ongoing initiative that will take time to fully implement, as we adjust our strategy in response to changing market conditions by shifting our asset allocations across various asset classes as interest rate and credit cycles change over time. We are committed to diversifying the portfolio and finding ways to produce liquidity both organically and through our access to capital markets. We intend to maintain sufficient liquidity and optionality to capitalize on market opportunities aligned with our portfolio and business growth objectives. 

In addition to supporting our regulatory compliance, we believe that our Agency RMBS allocation provides portfolio diversity, stable cash flows and dividend paying ability, protection in periods of high market volatility, and a source of liquidity for opportunistic asset and business acquisitions. We also intend to continue evaluating opportunities to acquire MSRs, which we believe will help balance the duration risk in our securitized loan portfolio, as well as diversify our sources of earnings to pay our dividends. 

We declared a $0.37 dividend per common share in the second quarter of 2025. Our economic return (as measured by the change in book value per common share plus common stock dividend) was 0.5% for the second quarter of 2025.

Business Operations

Net Income (Loss) Summary

The table below presents our net income (loss) on a GAAP basis for the quarters ended June 30, 2025 and March 31, 2025, and the six months ended June 30, 2025 and June 30, 2024.

51

Net Income (Loss)(dollars in thousands, except share and per share data)For the Quarters EndedFor the Six Months EndedJune 30, 2025March 31, 2025QoQ ChangeJune 30, 2025June 30, 2024YoY ChangeNet interest income:Interest income (1)$201,297 $190,616 $10,681 $391,914 $373,291 $18,623 Interest expense (2)135,287 121,397 13,890 256,684 240,889 15,795 Net interest income66,010 69,219 (3,209)135,230 132,402 2,828 Increase (decrease) in provision for credit losses4,409 3,387