Quarterly ResultAug 5, 2026, 06:52 AM
Chimera Q2 EAD $0.46/Share; Maintains $0.45 Dividend
AI Summary
Chimera Investment Corporation announced its second quarter 2026 financial results, reporting a GAAP net loss of $(4) million, or $(0.05) per diluted common share. Despite this, earnings available for distribution (EAD) were $0.46 per diluted common share, maintaining coverage for the $0.45 quarterly dividend. The company highlighted resilient performance amidst macroeconomic uncertainty, driven by scaling its loan origination business and redeploying capital, though book value per common share decreased to $17.75.
Key Highlights
- Q2 2026 GAAP Net Income (Loss) was $(4) million, or $(0.05) per diluted common share.
- Earnings available for distribution (EAD) was $39 million, or $0.46 per diluted common share.
- GAAP Book Value per common share was $17.75, a decrease from $18.34 in Q1 2026.
- Economic Return for Q2 2026 was (0.76)%.
- The company maintained its quarterly dividend of $0.45 per share, with 102% coverage by EAD.
- Residential Origination segment volume increased 30% year-over-year to $1.1 billion.
- Residential Origination segment generated $12 million in EBTDA, representing a 17.3% annualized EBTDA ROE.
- Completed two re-securitizations of residential mortgage loans totaling $487 million.
Price Impact
More from CIM