Company: CIMO
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023813
Chunk: 114

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 114
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 Three-Month SOFR (Ratios have been annualized, dollars in thousands)For the Quarter Ended March 31, 2025$10,769,436 $117,262 4.40 %4.31 %4.30 %0.01 %For the Quarter Ended December 31, 2024$10,880,840 $121,997 4.48 %4.59 %4.50 %0.09 %For the Quarter Ended September 30, 2024$10,904,969 $122,054 4.48 %5.29 %5.24 %0.05 %For the Quarter Ended June 30, 2024$10,741,156 $112,451 4.24 %5.33 %5.33 %0.00 %For the Quarter Ended March 31, 2024$10,629,205 $115,992 4.37 %5.33 %5.32 %0.01 %

Average interest-bearing liabilities increased by $140 million for the quarter ended March 31, 2025, as compared to the quarter ended March 31, 2024. Economic interest expense decreased by $1 million for the quarter ended March 31, 2025, as compared to the quarter ended March 31, 2024, primarily due to Fed rate cuts. 

While we may use interest rate hedges to mitigate risks related to changes in interest rate, the hedges may not fully offset interest expense movements. 

Provision for Credit Losses

For the quarter ended March 31, 2025, we recorded an increase in provision for credit losses of $3 million, as compared to an increase in provision of credit losses of $4 million for the quarter ended December 31, 2024. For the quarter ended March 31, 2025, we recorded an increase in provision for credit losses of $3 million, as compared to an increase in provision of credit losses of $1 million for the quarter ended March 31, 2024. The changes in provision for credit losses for the quarter ended March 31, 2025 as compared to the quarter ended December 31, 2024 and March 31, 2024, are primarily due to a deterioration in cashflows on certain investments.

Net Gains (Losses) on