Company: CIMO
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001628280-25-038345
Chunk: 18

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 2
Chunk 18
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5 %$140,396 1.6 %Net interest-earning assets/net interest margin$1,894,293 2.1 %$2,036,324 2.2 %Ratio of interest-earning assets to interest bearing liabilities1.16 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 June 30, 2025 compared to the quarter ended March 31, 2025

Our Economic net interest income (which is a non-GAAP measure, see “Economic net interest income” discussion earlier for details) decreased by $3 million to $69 million for the quarter ended June 30, 2025 from $72 million for the quarter ended March 31, 2025. The net interest margin, which equals the Economic net interest income as a percentage of the net average balance of our interest-earning assets less our interest-bearing liabilities, remained unchanged at 1.5% for the quarter ended June 30, 2025, as compared to the quarter ended March 31, 2025. 

Our Average net interest-earning assets decreased by $196 million to $1.8 billion for the quarter ended June 30, 2025, compared to $2.0 billion for the quarter ended March 31, 2025. Our net interest rate spread, which equals the yield on our average interest-earning assets less the economic average cost of funds, decreased by 20 basis points to 2.1% for the quarter ended June 30, 2025, as compared to 2.3% for the quarter ended March 31, 2025.

Six months ended June 30, 2025 compared to the six months ended June 30, 2024

Our Economic net interest income (which is a non-GAAP measure, see “Economic net interest income” discussion earlier for details) increased by $1 million to $141 million for the six months ended June 30, 2025 from $140 million for the six months ended June 30, 2024. The net interest margin, which equals the Economic net interest income as a percentage of the net average balance of our interest-earning assets less our interest-bearing