earnings
confidence high
sentiment neutral
materiality 0.65
Chimera Q1 2023: GAAP EPS $0.17, book value $7.41, EAD $0.13
CHIMERA INVESTMENT CORP
2023-Q1 EPS reported
$0.17
- GAAP net income available to common $38.9M ($0.17 diluted) vs loss $281.2M ($1.19 loss) in Q1 2022.
- Earnings available for distribution (non-GAAP) $31.5M, or $0.13 per diluted share (from $0.11 in Q4 2022).
- GAAP book value per common share $7.41, down from ~$7.49 at Dec 31, 2022.
- Net interest income $69.6M, down 49% from $137.7M a year ago; economic net interest income $69.4M.
- Settled $547M re-performing residential loans; sponsored three securitizations; reduced recourse leverage by $237M.