secwatch.observer — SEC 8-K summary
======================================

Issuer:     CHIMERA INVESTMENT CORP (CIM)
CIK:        0001409493
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001628280-23-015430
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chimera Q1 2023: GAAP EPS $0.17, book value $7.41, EAD $0.13
------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1409493/000162828023015430/0001628280-23-015430-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1409493/000162828023015430/cim-20230504.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-015430

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer