earnings
confidence high
sentiment positive
materiality 0.60
Chimera Q4 GAAP EPS $0.05; FY net income $52M vs loss $586M in 2022
CHIMERA INVESTMENT CORP
2023-FY EPS reported
$0.23
- Q4 GAAP EPS $0.05; full year net income $52M vs net loss $586M in 2022.
- Q4 earnings available for distribution (EAD) $0.13 per share; FY 2023 EAD $0.51 per share.
- GAAP book value $6.75 per common share; recourse debt reduced by $1.0B in 2023.
- Net interest income FY 2023 $263M, down from $440M in 2022 due to higher interest expense.
- Portfolio largely loans held for investment (91.6%); total assets $12.9B.