CHIMERA INVESTMENT (CIM) Company Report

For Q3 2025, Chimera Investment Corporation reported a GAAP net loss of $22 million, or $0.27 per share, with a GAAP book value of $20.24 per share at quarter-end. The economic return on GAAP book value for the quarter was negative 1.4%, while the year-to-date 2025 economic return was 8.3%.
The company closed the acquisition of Home Express Mortgage on October 1, 2025, for $267 million, comprising $240 million in cash and the issuance of 277,151 shares of common stock. This acquisition is expected to be accretive to earnings, providing a new revenue stream and greater diversification.
Home Express is projected to generate approximately $1 billion in originations for Q4 2025, with expected pre-tax earnings of $15 million-$18 million and an annualized return on equity of 19%-23%. For 2026, originations are projected at $4 billion-$4.4 billion, with pre-tax earnings of $62 million-$80 million and a return on equity of 20%-25%.
Chimera significantly repositioned its portfolio during Q3 2025, reducing residential credit allocation from over 90% at the start of the year to below 70% by October 1, while increasing agency MBS to about 17% and MSRs to over 1%. This included selling $617 million of assets to release $116 million of capital and issuing $120 million in senior unsecured notes.

Nov 6, 2025, 1:30 PM

Chimera Investment Corp. Reports Q3 2025 Results and HomeXpress Acquisition

CIM

Earnings

M&A

Dividends

Chimera Investment Corp. reported Earnings Available for Distribution (EAD) per share of $0.37 and dividends per share of $0.37 for Q3 2025.
The company's book value per share decreased by 3.2% to $20.24 as of September 30, 2025, compared to Q2 2025.
The HomeXpress Mortgage Corp acquisition closed on October 1, 2025, for a purchase price of $267 million, and is anticipated to be accretive to earnings in Q4 2025 and 2026.
As of Q3 2025, total leverage was 4.8x and recourse leverage was 2.0x, with $491 million in cash.

Nov 6, 2025, 1:30 PM

Chimera Investment Corporation Reports Q3 2025 Earnings and Completes HomeXpress Acquisition

CIM

Earnings

M&A

New Projects/Investments

Chimera Investment Corporation reported a GAAP net loss of $0.27 per diluted common share and Earnings Available for Distribution (EAD) of $0.37 per adjusted diluted common share for the third quarter ended September 30, 2025.
The company's GAAP book value was $20.24 per common share as of September 30, 2025, reflecting a 3.2% decrease from Q2 2025.
Chimera completed the acquisition of HomeXpress on October 1, 2025, for $240 million in cash and 2,077,151 shares of common stock, an acquisition expected to be accretive to earnings in Q4 2025 and 2026.
The economic return for the quarter was (1.4)%, while the nine months ended September 30, 2025, saw an economic return of 8.3%.

Nov 6, 2025, 11:45 AM

Chimera Investment Corporation Reports Q3 2025 Earnings and HomeXpress Acquisition

CIM

Earnings

M&A

New Projects/Investments

Chimera Investment Corporation reported a GAAP net loss of $0.27 per diluted common share for the third quarter ended September 30, 2025.
Earnings Available for Distribution (EAD) was $0.37 per adjusted diluted common share for Q3 2025.
The company's GAAP book value stood at $20.24 per common share as of September 30, 2025.
Chimera Investment Corporation completed the acquisition of HomeXpress on October 1, 2025, for $240 million in cash and the issuance of 2,077,151 shares of common stock.
President and CEO Phillip Kardis II stated that the acquisition positions the company to diversify and grow earnings into year-end and 2026.

Nov 6, 2025, 11:45 AM

Chimera Investment Corporation Completes HomeXpress Mortgage Acquisition

CIM

M&A

Earnings

New Projects/Investments

Chimera Investment Corporation completed the acquisition of HomeXpress Mortgage Corp. on October 1, 2025.
The total preliminary purchase consideration for the acquisition was estimated at $267.9 million, comprising $119.5 million in estimated Adjusted Book Value, a $120.0 million cash premium, and the issuance of 2,077,151 shares of Chimera's common stock.
For the six months ended June 30, 2025, HomeXpress Mortgage Corp. reported net income of $16,127,477 and total revenue of $61,498,727.
The unaudited pro forma combined net income for Chimera and HomeXpress was $211,920 thousand for the six months ended June 30, 2025, with a diluted EPS of $2.50. For the year ended December 31, 2024, the pro forma combined net income was $218,531 thousand, with a diluted EPS of $2.59.

Oct 3, 2025, 10:31 AM

Chimera Investment Corporation Declares Q3 2025 Common Stock Dividend

CIM

Dividends

Chimera Investment Corporation announced the declaration of its third quarter 2025 cash dividend of $0.37 per common share.
The dividend is payable on October 31, 2025, to common stockholders of record on September 30, 2025, with an ex-dividend date of September 30, 2025.

Sep 18, 2025, 8:45 PM

Chimera Investment Corporation Issues $120 Million Senior Notes

CIM

Debt Issuance

New Projects/Investments

On September 16, 2025, Chimera Investment Corporation completed the issuance and sale of $120.0 million aggregate principal amount of its 8.875% Senior Notes due 2030.
The notes bear an annual interest rate of 8.875%, payable quarterly, and are expected to mature on August 15, 2030.
The company received approximately $115.8 million in net proceeds, which it intends to use for acquiring mortgage assets and for general corporate purposes.