Company: CIMO
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001409493-25-000028
Chunk: 12

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 2
Chunk 12
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 objectives. In addition to supporting our regulatory compliance, we believe that our Agency RMBS allocation provides portfolio diversity, stable cash flows and dividend paying ability, protection in periods of high market volatility, and a source of liquidity for opportunistic asset and business acquisitions. We also intend to continue evaluating opportunities to acquire MSRs, which we believe will help balance the duration risk in our securitized loan portfolio, as well as diversify our sources of earnings to pay our dividends.

We declared a $0.37 dividend per common share in the third quarter of 2025. Our economic return (as measured by the change in book value per common share plus common stock dividend) was (1.4)% for the third 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 September 30, 2025 and June 30, 2025, and the nine months ended September 30, 2025 and September 30, 2024.

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Net Income (Loss)(dollars in thousands, except share and per share data)For the Quarters EndedFor the Nine Months EndedSeptember 30, 2025June 30, 2025QoQ ChangeSeptember 30, 2025September 30, 2024YoY ChangeNet interest income:Interest income (1)$209,100 $201,297 $7,803 $601,014 $568,586 $32,428 Interest expense (2)144,089 135,287 8,802 400,773 369,733 31,040 Net interest income65,011 66,010 (999)200,241 198,853 1,388 Increase (decrease) in provision for credit losses2,587 4,409 (1,822)10,383 5,389 4,994 Other income (losses): Net unrealized gains (losses) on derivatives(7,907)(2,554)(5,353)(16,932)2,687 (19,619)Realized gains (losses) on derivatives2,015 (17,954)19,969 (15,857)(22,181)6,324 Periodic interest on derivatives, net5,751 5,067 684 14,953 19,237 (4