Company: CIMO
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001628280-25-023813
Chunk: 170

Company: CHIMERA INVESTMENT CORP
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 2
Chunk 170
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$34,924 — Net income (loss) per share available to common shareholders:Basic$1.79 $(2.07)$1.37 $3.86 $0.42 Diluted$1.77 $(2.07)$1.36 $3.81 $0.41 Weighted average number of common shares outstanding: Basic81,350,497 81,266,223 81,239,381 84,274 111,116 Diluted82,394,218 81,266,223 81,718,214 1,127,995 676,004 Dividends declared per share of common stock$0.37 $0.37 $0.33 $— $0.04 

(1) Includes interest income of consolidated VIEs of $144,402, $142,921, and $146,917 for the quarters ended March 31, 2025, December 31, 2024, and March 31, 2024, respectively. 

(2) Includes interest expense of consolidated VIEs of $69,651, $70,083, and $73,123 for the quarters ended March 31, 2025, December 31, 2024, and March 31, 2024, respectively. 

52

See accompanying notes to consolidated financial statements.

Results of Operations for the quarters Ended March 31, 2025,  December 31, 2024,  and March 31, 2024.

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

Quarter ended March 31, 2025 compared to the Quarter ended December 31, 2024

For the quarter ended March 31, 2025, our net income available to common shareholders was $146 million, or $1.79 per average basic common share, as compared to a net loss available to common shareholders of $168 million, or $2.07 per average basic common share for the quarter ended December 31, 2024. As discussed earlier, the yields on two-year and ten-year U.S. Treasury Notes declined and residential credit spreads remained relatively flat during the quarter ended March 31, 2025, which resulted in market pricing gains on our investment portfolio and increased the net income available to common shareholders. During the quarter