Company: CIMO
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001409493-25-000028
Chunk: 192

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 192
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$11,938,958 $385,821 4.3 %$10,980,101 $350,496 4.3 %Economic net interest income/net interest rate spread$209,938 1.5 %$211,907 1.5 %Net interest-earning assets/net interest margin$1,838,228 2.0 %$2,037,072 2.2 %Ratio of interest-earning assets to interest bearing liabilities1.15 1.19 (1) Interest-earning assets at amortized cost.(2) Interest includes periodic interest on derivatives, net(3) These amounts have been adjusted to reflect the daily outstanding averages for which the financial instruments were held during the period.

Economic Net Interest Income and the Average Earning Assets

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

Our Economic net interest income (which is a non-GAAP measure, see “Economic net interest income” discussion earlier for details) remained relatively unchanged at $69 million for the quarter ended September 30, 2025 compared to the prior quarter. Our net interest rate spread, which equals the yield on our average interest-earning assets less the economic average cost of funds, decreased slightly to 1.4% for the quarter ended September 30, 2025, as compared to 1.5% the quarter ended June 30, 2025. 

Our Average net interest-earning assets decreased by $107 million to $1.7 billion for the quarter ended September 30, 2025, compared to $1.8 billion for the quarter ended June 30, 2025. Our net interest margin, which equals the Economic net interest income as a percentage of the net average balance of our interest-earning assets less our interest-bearing liabilities, decreased by 10 basis points to 2.0% for the quarter ended September 30, 2025, as compared to 2.1% for the quarter ended June 30, 2025.

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

Our Economic net interest income (which is a non-GAAP measure, see “Economic net interest income” discussion earlier for details) decreased by $2 million to $210 million for the nine months ended September 30, 2025 from $212 million for the