CHIMERA INVESTMENT CORP
For the period ended Jun 30, 2026. Filed Aug 5, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 5, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations (Unaudited) for the quarters an
| CHIMERA INVESTMENT CORPORATION | ||||
|---|---|---|---|---|
| CONSOLIDATED STATEMENTS OF OPERATIONS | ||||
| (dollars in thousands, except share and per share data) | ||||
| (Unaudited) | ||||
| For the Quarters Ended | For the Six Months Ended | |||
| June 30, 2026 | June 30, 2025 | June 30, 2026 | June 30, 2025 | |
| Net Interest Income: | ||||
| Interest income (1) | $221,625 | $201,297 | $440,920 | $391,914 |
| Interest expense (2) | 151,116 | 135,287 | 295,408 | 256,684 |
| Net interest income | 70,509 | 66,010 | 145,512 | 135,230 |
| Increase in provision for credit losses | 7,192 | 4,409 | 10,016 | 7,796 |
| Other income (losses): | ||||
| Net unrealized gains (losses) on derivatives | 15,398 | (2,554) | 33,548 | (9,024) |
| Realized gains (losses) on derivatives | 9,527 | (17,954) | 12,397 | (17,872) |
| Periodic interest on derivatives, net | 2,061 | 5,067 | 3,895 | 9,202 |
| Net gains (losses) on derivatives | 26,986 | (15,441) | 49,840 | (17,694) |
| Investment management and advisory fees | 6,540 | 8,810 | 13,704 | 17,745 |
| Interest income from investment in MSR financing receivables, net (3) | 838 | — | 3,149 | — |
| Net unrealized gains (losses) on financial instruments at fair value | (43,386) | 6,971 | (80,923) | 135,866 |
| Net realized gains (losses) on sales of investments | (9,623) | (1,915) | (50,051) | (1,915) |
| Gains (losses) on extinguishment of debt | (2,748) | — | (41,605) | 2,122 |
| Other investment gains (losses) | 1,229 | 2,953 | 320 | 2,536 |
| Gain on origination and sale of loans, net | 22,210 | — | 43,595 | — |
| Total other income (losses) | 2,046 | 1,378 | (61,971) | 138,660 |
| Other expenses: | ||||
| Compensation and benefits (4) | 25,102 | 11,660 | 51,808 | 24,745 |
| General and administrative expenses | 11,479 | 6,815 | 23,640 | 13,721 |
| Servicing and asset manager fees | 4,431 | 7,306 | 9,953 | 14,737 |
| Depreciation, amortization, and impairment of intangible assets | 4,076 | 949 | 13,725 | 1,902 |
| Transaction expenses | 3,207 | 390 | 3,305 | 6,077 |
| Total other expenses | 48,295 | 27,120 | 102,431 | 61,182 |
| Income (loss) before income taxes | 17,068 | 35,859 | (28,906) | 204,912 |
| Income tax (benefit) expense | (301) | 409 | (2,365) | 2,165 |
| Net income (loss) | $17,369 | $35,450 | $(26,541) | $202,747 |
| Dividends on preferred stock | $21,381 | $21,426 | $42,478 | $42,783 |
| Net income (loss) available to common shareholders | $(4,012) | $14,024 | $(69,019) | $159,964 |
| Net income (loss) per share available to common shareholders: | ||||
| Basic | $(0.05) | $0.17 | $(0.82) | $1.97 |
| Diluted | $(0.05) | $0.17 | $(0.82) | $1.94 |
| Weighted average number of common shares outstanding: | ||||
| Basic | 83,813,331 | 81,408,087 | 83,739,672 | 81,386,680 |
| Diluted | 83,813,331 | 82,600,108 | 83,739,672 | 82,564,708 |
(1)Includes interest income of consolidated VIEs of $106,189 and $141,818 for the quarters ended June 30, 2026 and 2025, respectively, and $235,258 and $286,220 for the six months ended June 30, 2026 and 2025, respectively. See Note 10 for further discussion.
(2)Includes interest expense of consolidated VIEs of $54,598 and $73,038 for the quarters ended June 30, 2026 and 2025, respectively, and $118,478 and $142,690 for the six months ended June 30, 2026 and 2025, respectively. See Note 10 for further discussion.
(3)Includes interest income from investment in MSR financing receivables of a consolidated VIE of $454 for the quarter ended June 30, 2026 and $1,850 for the six months ended June 30, 2026. The Company didnot hold any interests in MSR financing receivables for the quarter or six months ended June 30, 2025. See Note 10 for further discussion.
(4)Includes a related-party, non-cash imputed compensation expense from the Palisades Acquisition of $341 and $341 for the quarters ended June 30, 2026 and 2025, respectively, and $682 and $682 for the six months ended June 30, 2026 and 2025, respectively.
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