Company: CIMO
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001409493-25-000028
Chunk: 16

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 2
Chunk 16
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 higher securitization activity. This was partially offset by an increase in investment management and advisory fees of $26 million. 

Interest Income 

Quarter ended September 30, 2025 compared to the quarter ended June 30, 2025

Interest income increased by approximately $8 million or 3.9%, to $209 million for the quarter ended September 30, 2025, as compared to $201 million for the quarter ended June 30, 2025. The increase in our interest income during the quarter ended September 30, 2025 was primarily driven by our Agency RMBS purchases as we continued to take advantage of relative value opportunities and increased our liquid security allocation. During the quarter ended September 30, 2025, the interest income on our Agency RMBS portfolio increased by $14 million as compared to the quarter ended June 30, 2025 driven by these purchases, which was partially offset by a decrease of $6 million on our Loans held for investment portfolio due to lower loan balances at the end of the current quarter.

Nine months ended September 30, 2025 compared to the nine months ended September 30, 2024

Interest income increased by $32 million, or 5.7%, to $601 million for the nine months ended September 30, 2025 as compared to $569 million, for the nine months ended September 30, 2024. This increase was primarily driven by our Agency CMO and Agency Pass-through purchases during the period, resulting in an increase in interest income on our Agency RMBS portfolio of $48 million as compared to the nine months ended September 30, 2024. The increase in interest income is offset by decreases in income on our Non-agency RMBS and Loans held for investment portfolios of $5 million and $10 million, respectively, due to asset sales and paydowns during the year.

Interest Expense

Quarter ended September 30, 2025 compared to the quarter ended June 30, 2025

Interest expense increased by $9 million, or 6.5%, to $144 million for the quarter ended September 30, 2025, as compared to $135 million for the quarter ended June 30, 2025. This increase was primarily driven by higher borrowings to finance the purchase of $1.2 billion of Agency RMBS pass-throughs towards the end of the quarter. During the quarter ended 

61

September 30, 2025, the interest