Chimera reports Q2 adjusted EPS 39c, consensus 46c

Reports Q2 GAAP book value $20.91 per share. “The Q2 saw us take the next step in our evolution with the agreement to acquire HomeXpress Mortgage Corporation, a leading non-QM mortgage originator,” said Phillip Kardis II, President and CEO. “We are a leader in the acquisition, financing, and managing of residential mortgage credit assets for ourselves and others and now with the acquisition of HomeXpress, we will become a leader in the production of those assets as well. With the acquisition of Palisades, HomeXpress, and portfolio diversification through the addition of Agency RMBS and MSRs this quarter, we are executing on our strategy to become a diversified and resilient hybrid residential mortgage REIT.”