Company: CIMO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001628280-25-006426
Chunk: 433

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 433
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,624 36,005 Amortization of intangibles and depreciation expenses321 — — Transaction expenses7,091 15,379 16,146 Total other expenses101,772 103,690 124,180 Income (loss) before income taxes176,114 126,206 (513,319)Income taxes49 102 (253)Net income (loss)$176,065 $126,104 $(513,066)Dividends on preferred stock85,736 73,750 73,765 Net income (loss) available to common shareholders$90,329 $52,354 $(586,831)Net income (loss) per share available to common shareholders:Basic$1.12 $0.68 $(7.53)Diluted$1.10 $0.68 $(7.53)Weighted average number of common shares outstanding: Basic80,976,745 76,685,785 77,979,582 Diluted82,157,622 77,539,289 77,979,582 Dividends declared per share of common stock$1.42 $2.10 $3.36 

(1) Includes interest income of consolidated VIEs of $640,499, $593,384, and $551,253 for the years ended December 31, 2024, 2023, and 2022, respectively. 

(2) Includes interest expense of consolidated VIEs of $293,509, $282,542, and $197,823 for the years ended December 31, 2024, 2023, and 2022, respectively.

(3) Includes a related-party, non-cash imputed compensation expense from the Palisades Acquisition of $10 million for the year ended December 31, 2024.

See accompanying notes to consolidated financial statements.

45

Results of Operations for the Years Ended December 31, 2024 and 2023.

Our primary source of income is interest income earned on our assets, net of interest expense paid on our financing liabilities. 

For the year ended December 31, 2024, our net income available to common shareholders was $90 million, or $1.12 per average basic common share, compared to a net income of $52 million, or $0.68 per average basic common share for the year