Company: CIMO
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023813
Chunk: 176

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 2
Chunk 176
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 %Total$12,748,311 $189,566 5.9 %$12,685,327 $183,993 5.8 %Liabilities and stockholders' equity:      Interest-bearing liabilities (2):       Secured financing agreements collateralized by:Agency RMBS (3)$487,288 $4,730 4.6 %$— $— — %Agency CMBS29,972 338 4.5 %44,632 661 5.9 %Non-Agency RMBS647,628 9,569 5.9 %681,101 11,736 6.9 %Loans held for investment1,828,760 27,450 6.0 %1,696,221 28,106 6.6 %Securitized debt7,636,038 71,701 3.8 %8,207,251 75,489 3.7 %Long term debt (3)139,750 3,474 9.9 %— — — %Total$10,769,436 $117,262 4.4 %$10,629,205 $115,992 4.4 %Economic net interest income/net interest rate spread$72,304 1.5 %$68,001 1.4 %Net interest-earning assets/net interest margin$1,978,875 2.3 %$2,056,122 2.1 %Ratio of interest-earning assets to interest bearing liabilities1.18 1.19  (1) Interest-earning assets at amortized cost.(2) Interest includes periodic interest on derivatives, net(3) These amounts have been adjusted to reflect the daily outstanding averages for which the financial instruments were held during the period.

Economic Net Interest Income and the Average Earning Assets

Quarter ended March 31, 2025 compared to the Quarter ended December 31, 2024

Our Economic net interest income (which is a non-GAAP measure, see “Economic net interest income” discussion earlier for details) increased by $3 million to $72 million for the quarter ended March 31, 2025 from $69 million for the quarter ended December 31, 2024. The net interest margin, which equals the Economic