Company: CIMO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006426
Chunk: 452

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 452
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 30, 2024March 31, 2024December 31, 2023Weighted average diluted shares - GAAP81,266,223 81,855,872 82,281,890 81,718,214 77,443,108 Potentially dilutive shares (1)1,263,734 — — — — Adjusted weighted average diluted shares - Earnings available for distribution82,529,957 81,855,872 82,281,890 81,718,214 77,443,108 

(1) Potentially dilutive shares related to restricted stock units and performance stock units excluded from the computation of weighted average GAAP diluted shares because their effect would have been anti-dilutive given the GAAP net loss available to common shareholders for the quarter ended December 31, 2024.

Our Earnings available for distribution for the year ended December 31, 2024 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, 202