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

Issuer:     CHIMERA INVESTMENT CORP (CIM)
CIK:        0001409493
Form:       8-K
Filed at:   2024-02-14T23:59:59+00:00
Accession:  0001628280-24-004625
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chimera Q4 GAAP EPS $0.05; FY net income $52M vs loss $586M in 2022
-------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1409493/000162828024004625/0001628280-24-004625-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1409493/000162828024004625/cim-20240214.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-004625

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