m_and_a
confidence high
sentiment neutral
materiality 0.85
Chimera Q2 GAAP EPS $0.17, EAD $0.39; agrees to acquire HomeXpress Mortgage
CHIMERA INVESTMENT CORP
- GAAP net income $0.17/diluted share; earnings available for distribution (non-GAAP) $0.39/adjusted diluted share.
- GAAP book value $20.91/share; economic return 0.5% for Q2, 9.8% YTD 2025.
- Definitive agreement to acquire HomeXpress Mortgage Corp., a non-QM originator (financial terms undisclosed).
- CEO says acquisition will make Chimera a leader in production of residential mortgage credit assets.
- Portfolio expanded with Agency RMBS and MSRs; GAAP leverage increased to 4.5:1 from 4.0:1 at year-end.
item 2.02item 9.01