Company: CIMO
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001409493-25-000028
Chunk: 30

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 2
Chunk 30
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30,623 0.82 %4.72 %For the Quarter Ended June 30, 2025$18,865 0.54 %2.86 %For the Quarter Ended March 31, 2025$25,680 0.78 %3.97 %For the Quarter Ended December 31, 2024$28,240 0.84 %4.29 %For the Quarter Ended September 30, 2024$15,130 0.45 %2.25 %

Compensation and benefits costs increased and were $14 million and $12 million for the quarters ended September 30, 2025 and June 30, 2025, respectively. Compensation and benefits costs were approximately $39 million and $23 million for the nine months ended September 30, 2025 and September 30, 2024. The increase in Compensation and benefits costs for the quarter and nine months ended September 30, 2025 compared to the quarter and nine months ended September 30, 2024, was driven by higher overall compensation expense related to the increase in employee headcount and Palisades Acquisition, and severance payments which occurred during the quarter ended September 30, 2025. 

The general and administrative expenses remained unchanged at $7 million for the quarters ended September 30, 2025 and June 30, 2025, respectively. G&A expenses were approximately $21 million and $18 million for the nine months ended September 30, 2025 and September 30, 2024. G&A expenses are primarily comprised of legal, market data and research, auditing, consulting, information technology, rent and independent investment consulting expenses.

During the quarter ended September 30, 2025, we incurred transaction expenses of $10 million in relation to the HomeXpress Acquisition. During the quarter ended June 30, 2025, we incurred transaction expenses of $390 thousand due to HomeXpress Acquisition. 

Servicing and Asset Manager Fee Expense

Servicing fees and asset manager expenses remained relatively unchanged at $7 million for the quarters ended September 30, 2025 and June 30, 2025, respectively. Servicing fees and asset manager expenses remained relatively unchanged at $22 million for the nine months ended September 30, 2025 and September 30, 2024, respectively. These servicing fees are primarily related to the servicing costs of the whole loans