CHIMERA INVESTMENT CORP reported quarter ended March 31, 2026 results: net income $(65) million, or $(0.78) per diluted common share, EPS $(0.78) per diluted common share.
“Corporation (NYSE: CIM) today announced its financial results for the first quarter ended March 31, 2026. Executive Summary: Metric Value Q1 2026 GAAP Net Income (Loss) $(65) million, or $(0.78) per diluted common share Earnings Available for Distribution (1) $46 million, or $0.54 per diluted common share GAAP Book Value per common share $18.34 per”
M&A Transactions
CHIMERA INVESTMENT CORP completed an acquisition involving HomeXpress Mortgage Corp. for $119.5 million, representing the estimated Adjusted Book Value ... the cash premium of $120 million, and the issuance of 2,077,151 shares of Chimera's common st (closed 2025-10-01).
“acquired from the Management Sellers to HX Holdco so that HomeXpress will be a wholly-owned subsidiary of HX Holdco. The total consideration for the Acquisition consisted of (i) $119.5 million, representing the estimated Adjusted Book Value (as defined in the Stock Purchase Agreement) as of August 31, 2025, subject to certain post-closing adjustments to true-up for the”
Debt Financings
CHIMERA INVESTMENT CORP incurred senior notes of $120.0 million with Wilmington Trust, National Association at 8.875% per year maturing August 15, 2030.
“completed the issuance and sale of $120.0 million aggregate principal amount of its 8.875% Senior Notes due 2030”
Sandra Bell resigned as Independent Director at CHIMERA INVESTMENT CORP.
“On April 9, 2025, Sandra Bell, an independent member of the board of directors (the “Board”) of Chimera Investment Corporation (the “Company”), notified the Company that she intends to resign from the Board, effective immediately.”
Dan Thakkar resigned as Chief Credit & Risk Officer at CHIMERA INVESTMENT CORP.
“On April 2, 2025, Chimera Investment Corporation (the “Company”) and Dan Thakkar mutually agreed that Mr. Thakkar will step down from his position as the Company’s Chief Credit & Risk Officer, effective July 1, 2025”
Cynthia B. Walsh was elected as Class III Director at CHIMERA INVESTMENT CORP.
“On November 5, 2024, the Board of Directors (the “Board”) of Chimera Investment Corporation (the “Company”) elected Cynthia B. Walsh to the Company’s Board as a Class III Director, effective December 1, 2024.”
Material Agreements
CHIMERA INVESTMENT CORP entered into Underwriting Agreement with Morgan Stanley & Co. LLC, RBC Capital Markets, LLC, UBS Securities LLC, Wells Fargo Securities, LLC, Keefe, Bruyette & Woods, Inc., and Piper Sandler & Co., as underwriters valued at $65 million aggregate principal amount of 9.000% Senior Notes due 2029 (effective 2024-05-15).
“On May 15, 2024, Chimera Investment Corporation (the “Company”) launched and priced a registered underwritten public offering of $65 million aggregate principal amount of 9.000% Senior Notes due 2029 (the “Notes”). Pursuant to the Underwriting Agreement (as defined below), the Company also granted the Underwriters (as defined below) a 30-day option to purchase up to an additional $9.75 million aggregate principal amount of the Notes to cover over-allotments, if any. The Notes were sold pursuant to the Company’s registration statement on Form S-3 (File No. 333-261462) (the “Registration Statement”) and a related prospectus, as supplemented by a prospectus supplement dated May 15, 2024, filed with the Securities Exchange Commission pursuant to Rule 424(b) under the Securities Act of 1933, as amended (the “Securities Act”). In connection with the issuance and sale of the Notes, the Company entered into an underwriting agreement (the “Underwriting Agreement”), dated as of May 15, 2024, by”
Earnings Releases
CHIMERA INVESTMENT CORP reported first quarter ended March 31, 2024 results: net income GAAP NET INCOME OF $0.45 PER DILUTED COMMON SHARE, EPS $0.45 PER DILUTED COMMON SHARE.
Phillip J. Kardis II was appointed as President at CHIMERA INVESTMENT CORP.
“On March 18, 2024, Phillip J. Kardis II, the Chief Executive Officer of Chimera Investment Corporation (the “ Company ”), was appointed the President of the Company to assume the position previously held by Mr. Choudhary Yarlagadda, who retired from the Company on March 15, 2024.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.