earnings
confidence high
sentiment negative
materiality 0.70
Chimera Q1 2026: GAAP loss $65M, EAD $0.54 supports $0.45 dividend
CHIMERA INVESTMENT CORP
2026-Q1 EPS reported
-$0.78
- GAAP net loss $65M (-$0.78 diluted EPS); EAD (non-GAAP) $46M ($0.54/diluted share).
- GAAP book value per share $18.34; economic return of -4.6% for the quarter.
- Portfolio repositioning: redeemed 8 securitizations, sold $1.2B seasoned loans, redeployed $195M into Agency RMBS.
- HomeXpress origination volume $884M, up 39% YoY; EBTDA of $11M (annualized ROE 16.8%).
- Dividend of $0.45 per share supported by EAD; net loss driven by derivative and extinguishment losses.