Chimera posts Q3 GAAP net loss of $0.88 per share; dividend cut to $0.23 from $0.33

CHIMERA INVESTMENT CORP

2022-Q3 EPS reported -$2.84

GAAP net loss of $0.88 per diluted share; EAD (non-GAAP) of $0.27 per share; book value $7.44.
Dividend declared $0.23 per common share, down from $0.33 in prior quarter.
GAAP leverage rose to 3.9:1 (recourse 1.1:1) from 3.0:1 (0.9:1) at Dec 31, 2021.
Extended $489M non-mark-to-market facility to Feb 2025; entered $885M pay fixed interest rate swaps.
Post-quarter cash ~$350M; expect to close $476M residential loan purchase in long-term non-mark-to-market structure.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CHIMERA INVESTMENT CORP reported the third quarter ended September 30, 2022 results: EPS 3RD QUARTER GAAP NET LOSS OF $0.88 PER DILUTED COMMON SHARE.

Period: the third quarter ended September 30, 2022
EPS: 3RD QUARTER GAAP NET LOSS OF $0.88 PER DILUTED COMMON SHARE
Result: reported results

Exact text from the filing

Chimera Investment Corporation (NYSE:CIM) today announced its financial results for the third quarter ended September 30, 2022. Financial Highlights: • 3RD QUARTER GAAP NET LOSS OF $0.88 PER DILUTED COMMON SHARE

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Source: SEC EDGAR

accession 0001628280-22-027947

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