Company: CIMO
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001628280-25-038345
Chunk: 9

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Item 2
Chunk 9
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.5% for the second quarter of 2025.

Business Operations

Net Income (Loss) Summary

The table below presents our net income (loss) on a GAAP basis for the quarters ended June 30, 2025 and March 31, 2025, and the six months ended June 30, 2025 and June 30, 2024.

51

Net Income (Loss)(dollars in thousands, except share and per share data)For the Quarters EndedFor the Six Months EndedJune 30, 2025March 31, 2025QoQ ChangeJune 30, 2025June 30, 2024YoY ChangeNet interest income:Interest income (1)$201,297 $190,616 $10,681 $391,914 $373,291 $18,623 Interest expense (2)135,287 121,397 13,890 256,684 240,889 15,795 Net interest income66,010 69,219 (3,209)135,230 132,402 2,828 Increase (decrease) in provision for credit losses4,409 3,387 1,022 7,796 5,032 2,764 Other income (losses): Net unrealized gains (losses) on derivatives(2,554)(6,469)3,915 (9,024)17,144 (26,168)Realized gains (losses) on derivatives(17,954)82 (18,036)(17,872)(17,317)(555)Periodic interest on derivatives, net5,067 4,135 932 9,202 12,448 (3,246)Net gains (losses) on derivatives(15,441)(2,252)(13,189)(17,694)12,275 (29,969)Investment management and advisory fees8,810 8,936 (126)17,745 — 17,745 Net unrealized gains (losses) on financial instruments at fair value6,971 128,895 (121,924)135,866 87,995 47,871 Net realized gains (losses) on sales of investments(1,915)— (1,915)(1,915)(3,750)1,835 Gains