Company: CIMO
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001628280-25-038345
Chunk: 177

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 8
Chunk 177
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-bearing liabilities (2):       Secured financing agreements collateralized by:Agency RMBS (3)$1,306,879 $17,158 4.6 %$376,644 $1,858 5.6 %Agency CMBS30,234 684 4.5 %41,028 1,162 5.7 %Non-Agency RMBS638,508 18,899 5.9 %669,251 23,024 6.9 %Loans held for investment1,838,307 57,079 6.2 %1,686,151 54,276 6.4 %Securitized debt7,579,850 146,716 3.9 %8,066,197 147,432 3.7 %Long term debt139,750 6,947 9.9 %65,000 691 9.8 %Total$11,533,528 $247,483 4.3 %$10,904,271 $228,442 4.2 %Economic net interest income/net interest rate spread$141,379 1.5 %$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