Quarterly ResultNov 5, 2026, 06:51 AM
Chimera Investment Corp. Q3 2026 GAAP Net Loss of $194M; Adj. EPS $0.38
AI Summary
Chimera Investment Corporation reported its third quarter 2026 financial results, announcing a GAAP Net loss of $194 million, or $(2.31) per diluted common share. However, Earnings Available for Distribution (a non-GAAP measure) were $32 million, or $0.38 per adjusted diluted common share. The company highlighted a challenging market environment with significant interest rate and spread volatility impacting book value, which stood at $14.82 per common share. Strategic initiatives included repositioning the Agency RMBS portfolio and completing the inaugural Prism securitization. The Residential Origination segment saw a 27% increase in volume year-over-year.
Key Highlights
- GAAP Net income (loss) available to common shareholders: $(194) million, or $(2.31) per diluted common share.
- Earnings available for distribution (non-GAAP): $32 million, or $0.38 per adjusted diluted common share.
- GAAP Book Value per common share: $14.82.
- Economic Return: (13.98)%.
- Agency MBS portfolio repositioned towards higher coupon securities (approx. 90% now have coupons of 5% or higher).
- Residential Origination volume: $1.1 billion, up 27% vs prior year period.
- Completed inaugural $291 million Prism securitization backed by HomeXpress loans.
- Maintained a strong liquidity position amid heightened market volatility.
Price Impact
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