CHIMERA INVESTMENT CORP
Business
Chimera Investment Corporation is a diversified residential real estate investment trust that invests in, originates, and manages residential mortgage assets including mortgage loans, mortgage-backed securities, and mortgage servicing rights. The company generates income through net interest spreads on its leveraged investment portfolio, third-party asset management and advisory services via Palisades Advisory Services, and mortgage loan origination and sales through its HomeXpress subsidiary. The company operates two reportable segments: Investment Portfolio (securities and advisory services) and Residential Origination (mortgage lending), distributing the majority of taxable income to shareholders while maintaining REIT qualification.
Summary from 10-K filed 2026-02-18
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Interest income | 821 | 761 | 773 | 773 | — | |
| Interest expense | 555 | 496 | 510 | 333 | — | |
| Net interest income | 266 | 265 | 263 | 440 | 611 | |
| Increase in provision for credit losses | 16 | 10 | 11 | 7 | 33,000 | |
| Net unrealized gains (losses) on derivatives | 10 | 3 | −6 | −1 | 0 | |
| Realized losses on derivatives | −33 | −22 | −41 | −561,000 | 0 | |
| Periodic interest on derivatives, net | 20 | 24 | 17 | −2 | 0 | |
| Net gains (losses) on derivatives | −3 | 5 | −30 | −4 | 0 | |
| Investment management and advisory fees | 35 | 3 | 0 | 0 | — | |
| Interest income from investment in MSR financing receivables | 520,000 | 0 | 0 | — | — | |
| Net unrealized gains on financial instruments at fair value | 82 | 11 | 34 | −737 | 437 | |
| Net realized losses on sales of investments | −23 | −5 | −31 | −76 | 45 | |
| Gains on extinguishment of debt | 2 | 0 | 4 | −3 | −284 | |
| Other investment gains | 6 | 10 | 1 | −2 | 0 | |
| Gain on origination and sale of loans, net | 21 | 0 | 0 | — | — | |
| Total other income (losses) | 120 | 23 | −22 | −822 | 199 | |
| Compensation and benefits | 57 | 41 | 31 | 49 | 47 | |
| General and administrative expenses | 30 | 23 | 25 | 23 | 22 | |
| Servicing and asset manager fees | 28 | 30 | 33 | 36 | 37 | |
| Amortization of intangibles and depreciation expenses | 7 | 321,000 | 0 | 0 | — | |
| Transaction expenses | 17 | 7 | 15 | 16 | 30 | |
| Total other expenses | 138 | 102 | 104 | 124 | 135 | |
| Income before income taxes | 233 | 176 | 126 | −513 | 675 | |
| Income tax expense | 2 | 49,000 | 102,000 | −253,000 | 4 | |
| Net income | 230 | 176 | 126 | −513 | 670 | |
| Dividends on preferred stock | 86 | 86 | 74 | 74 | 74 | |
| Net income available to common shareholders | 144 | 90 | 52 | −587 | 596 | |
| Basic (in dollars per share) | 1.76 | 1.12 | 0.68 | −7.53 | 2.55 | |
| Diluted (in dollars per share) | 1.72 | 1.1 | 0.68 | −7.53 | 2.44 | |
| Basic (in shares) | 82 | 81 | 77 | 78 | 234 | |
| Diluted (in shares) | 84 | 82 | 78 | 78 | 245 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 279 | 84 | 222 | 265 | 386 | |
| Non-Agency RMBS, at fair value (net of allowance for credit losses of $43 million and $28 million, respectively) | 817 | 1,064 | 1,044 | 1,147 | 1,810 | |
| Agency MBS, at fair value | 3,463 | 519 | 102 | 431 | — | |
| Loans held for investment, at fair value | 9,804 | 11,197 | 11,397 | 11,359 | 12,262 | |
| Loans held-for-sale, at fair value | 896 | 0 | — | — | — | |
| Accrued interest receivable | 79 | 81 | 77 | 62 | 70 | |
| Other assets | 408 | 171 | 87 | 134 | 58 | |
| Interests in MSR financing receivables | 37 | 0 | — | — | — | |
| Derivatives, at fair value, net | 25 | 117,000 | 0 | 4 | 0 | |
| Total assets | 15,809 | 13,116 | 12,929 | 13,402 | 15,407 | |
| Secured financing agreements ($7.4 billion and $4.1 billion pledged as collateral, respectively, and includes $299 million and $319 million at fair value, respectively) | 6,031 | 2,824 | 2,432 | 3,435 | 3,262 | |
| Securitized debt, collateralized by Non-Agency RMBS ($210 million and $229 million pledged as collateral, respectively) | 67 | 71 | 75 | 79 | 88 | |
| Securitized debt at fair value, collateralized by Loans held for investment ($9.4 billion and $10.2 billion pledged as collateral, respectively) | 6,721 | 6,984 | 7,602 | 7,101 | 7,726 | |
| Long term debt | 252 | 135 | 0 | — | 0 | |
| Payable for investments purchased | 3 | 455 | 159 | 9 | 477 | |
| Accrued interest payable | 43 | 41 | 38 | 31 | 20 | |
| Dividends payable | 35 | 34 | 55 | 65 | 86 | |
| Accounts payable and other liabilities | 82 | 45 | 9 | 17 | 12 | |
| Derivatives, at fair value, net | 2 | 0 | — | — | — | |
| Total liabilities | 13,236 | 10,590 | 10,370 | 10,735 | 11,671 | |
| Commitments and Contingencies (See Note 18) | — | — | — | — | — | |
| Common stock: par value $0.01 per share; 166,667,667 shares authorized, 80,472,622 and 80,453,552 shares issued and outstanding, respectively | 834,000 | 809,000 | 804,000 | 2 | 2 | |
| Additional paid-in-capital | 4,429 | 4,391 | 4,370 | 4,318 | 4,359 | |
| Accumulated other comprehensive income | 146 | 159 | 186 | 229 | 405 | |
| Cumulative earnings | 4,572 | 4,341 | 4,165 | 4,039 | 4,552 | |
| Cumulative distributions to stockholders | −6,575 | −6,366 | −6,163 | −5,923 | −5,583 | |
| Total stockholders' equity | 2,573 | 2,526 | 2,559 | 2,667 | 3,736 | |
| Total liabilities and stockholders' equity | 15,809 | 13,116 | 12,929 | 13,402 | 15,407 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| (Accretion) Amortization of investment discounts/premiums, net | −25 | 5 | 16 | 61 | 71 | |
| Accretion of deferred financing costs, debt issuance costs, and Securitized debt discounts/premiums, net | 19 | 14 | 32 | −258,000 | 9 | |
| Proceeds (payments) for derivative settlements | 0 | 15 | −21 | −6 | 0 | |
| Margin (paid) received on derivatives | −70 | −10 | 70 | −40 | 0 | |
| Net unrealized (gains) losses on financial instruments at fair value | −82 | −11 | −34 | — | — | |
| Net increase in provision for credit losses | 16 | 10 | 11 | 7 | 33,000 | |
| Gain on origination and sale of loans, net | 1 | 0 | 0 | — | — | |
| Equity-based compensation expense | 10 | 10 | 10 | 8 | 7 | |
| Direct loan origination costs, net | −1,038 | 0 | 0 | — | — | |
| Sales, settlements and proceeds from sale of loans held-for-sale | 672 | 0 | 0 | — | — | |
| Fair Value adjustment on mortgage loans held-for-sale | −8 | 0 | 0 | — | — | |
| (Increase) decrease in accrued interest receivable, net | 7 | −4 | −15 | 8 | 12 | |
| Decrease (increase) in other assets | 12 | −15 | −15 | −33 | −36 | |
| (Decrease) increase in accounts payable and other liabilities | −6 | 10 | −7 | 5 | 7 | |
| Increase in accrued interest payable, net | −719,000 | 4 | 8 | 10 | −20 | |
| Net cash (used in) provided by operating activities | −249 | 206 | 213 | 326 | 519 | |
| Payments on purchases of investment in MSR financing receivables | −38 | 0 | 0 | — | — | |
| Net cash (used in) provided by investing activities | −1,657 | 178 | 552 | 510 | 2,548 | |
| Proceeds from secured financing agreements | 54,499 | 30,011 | 29,073 | 37,816 | 45,623 | |
| Payments on secured financing agreements | −51,768 | −29,613 | −30,090 | −37,638 | −47,001 | |
| Payments on repurchase of common stock | 0 | 0 | −33 | −49 | −2 | |
| Proceeds on issuance of common stock | 0 | 0 | 74 | 0 | 0 | |
| Proceeds from securitized debt borrowings, collateralized by Loans held for investment | 1,011 | 340 | 2,186 | 1,123 | 5,522 | |
| Payments on securitized debt borrowings, collateralized by Loans held for investment | −1,543 | −1,171 | −1,767 | −1,844 | −6,440 | |
| Payments on securitized debt borrowings, collateralized by Non-Agency RMBS | −17,000 | −98,000 | −53,000 | −3 | −22 | |
| Net proceeds from issuance of unsecured debt | 115 | 134 | 0 | 0 | — | |
| Common dividends paid | −123 | −119 | −195 | −288 | −299 | |
| Preferred dividends paid | −86 | −104 | −55 | −74 | −74 | |
| Net cash provided by (used in) financing activities | 2,106 | −522 | −808 | −957 | −2,951 | |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 200 | −138 | −43 | −121 | 117 | |
| Interest received | 799 | 761 | 774 | 842 | 1,020 | |
| Interest paid | 535 | 479 | 470 | 323 | 339 | |
| Income taxes paid | 4 | 49,000 | 102,000 | −253,000 | 4 | |
| Payable for investments purchased | 3 | 455 | 159 | 9 | 477 | |
| Net change in unrealized gain (loss) on available-for sale securities | −13 | −26 | −45 | −176 | −153 | |
| Non-Cash Consideration paid for HomeXpress | 27 | 0 | 0 | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is CHIMERA INVESTMENT CORP's CIK number?
CHIMERA INVESTMENT CORP's SEC CIK number is 0001409493 (1409493). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find CHIMERA INVESTMENT CORP's SEC filings?
All of CHIMERA INVESTMENT CORP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did CHIMERA INVESTMENT CORP last report earnings?
CHIMERA INVESTMENT CORP (CIM-PA) most recently filed an earnings 8-K with the SEC on May 7, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001409493-26-000031). This is CHIMERA INVESTMENT CORP's most recent earnings filing of record — not a forecast of its next earnings date.
What is CHIMERA INVESTMENT CORP's most recent earnings 8-K?
CHIMERA INVESTMENT CORP's latest earnings 8-K (Item 2.02) was filed May 7, 2026 under accession 0001409493-26-000031. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
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