Chimera Q3 GAAP net loss $(0.07)/share, EAD $0.13; book value falls to $6.90

CHIMERA INVESTMENT CORP

2023-Q3 EPS reported $0.17

GAAP net loss of $16.3M ($0.07 per diluted share) vs net income of $17.6M in Q2 2023.
Earnings available for distribution (non-GAAP) $0.13 per diluted share, down from $0.27 a year ago.
GAAP book value per common share $6.90, down from $7.49 at December 31, 2022.
GAAP leverage 4.1:1 (recourse 1.0:1); net interest spread 1.3% vs 1.2% in Q2.
CEO cites debt refinancing and dividend rightsizing; expects benefits once interest rates moderate.

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 0.9

CHIMERA INVESTMENT CORP reported third quarter ended September 30, 2023 results: net income $(0.07) per diluted common share, EPS $(0.07) per diluted common share.

Period: third quarter ended September 30, 2023
Net income: $(0.07) per diluted common share
EPS: $(0.07) 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, 2023. Financial Highlights: • 3RD QUARTER GAAP NET LOSS OF $(0.07) PER DILUTED COMMON SHARE

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Source: SEC EDGAR

accession 0001628280-23-036153

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