Quarterly ResultMay 7, 2026, 04:37 PM
Chimera Investment Q1 Net Loss $(43.91)M; EPS $(0.78)
AI Summary
Chimera Investment Corporation reported a net loss of $43.91 million for the first quarter of 2026, a significant decline from the net income of $167.30 million in the same period last year, resulting in a basic net loss per common share of $0.78. Despite an increase in net interest income to $75.00 million, the company faced substantial net unrealized losses on financial instruments and realized losses on investment sales. Total assets saw a slight increase to $15.98 billion, while stockholders' equity decreased to $2.46 billion. The company also recorded a $5 million impairment charge on intangible assets from the Palisades Acquisition.
Key Highlights
- Chimera Investment reported a net loss of $43.91 million for Q1 2026, compared to net income of $167.30 million in Q1 2025.
- Basic net loss per common share was $0.78 for Q1 2026, down from basic EPS of $1.79 in Q1 2025.
- Net interest income increased to $75.00 million in Q1 2026 from $69.22 million in Q1 2025.
- Total assets grew to $15.98 billion as of March 31, 2026, from $15.81 billion at December 31, 2025.
- Total stockholders' equity decreased to $2.46 billion from $2.57 billion as of December 31, 2025.
- Net cash provided by operating activities significantly increased to $243.32 million from $48.80 million.
- The company recorded a $5 million impairment charge on intangible assets related to the Palisades Acquisition.
- Net unrealized losses on financial instruments at fair value were $37.54 million, a shift from $128.90 million gains.