earnings
confidence high
sentiment neutral
materiality 0.70
Chimera Q2 GAAP net income $0.41/diluted share, EAD $0.37; BV $21.27, economic return 1.4%
CHIMERA INVESTMENT CORP
2024-Q2 EPS reported
$1.76
- Q2 GAAP net income $33.9M ($0.41 diluted EPS) vs $111.0M ($1.36) in Q1; drop due to lower unrealized gains.
- Earnings available for distribution (non-GAAP) was $30.3M ($0.37/diluted share), consistent with Q1's $0.37.
- GAAP book value per common share $21.27; economic return of 1.4% for Q2 and 8.4% year-to-date.
- Total assets $13.13B; GAAP leverage 3.8:1 vs 4.0:1 at Dec 2023; recourse leverage unchanged at 1.0:1.
- Executed 1-for-3 reverse stock split effective May 21, 2024; all per-share amounts reflect the split.