earnings
confidence high
sentiment neutral
materiality 0.75
Chimera Q2 GAAP net loss $4M; EAD $0.46/share supports $0.45 dividend
CHIMERA INVESTMENT CORP
- GAAP net loss of $4M ($0.05 diluted EPS); EAD (non-GAAP) of $39M ($0.46/share).
- Book value per common share $17.75; economic return (0.76)%.
- Residential origination volume $1.1B (+30% YoY); HomeXpress loans retained $301M.
- Investment portfolio completed two re-securitizations ($487M) and purchased $122M new loans.
- Dividend maintained at $0.45/quarter; management cites coverage from EAD.