Chimera Investment (CIM) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Apr 30, 2026

Before Open (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

0.52

Last Year’s EPS

0.41

Same Quarter Last Year

Analyst Consensus

Hold

Based on 2 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Feb 11, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call conveyed strong execution on a multi‑year transformation: successful acquisition and integration of Home Express, meaningful capital generation (> $600M) and redeployment, AUM growth (+~18%), a clear shift toward a more liquid, diversified portfolio, a 22% dividend increase, and improving distributable returns (EAD ROEs up ~400 bps). Offsetting these positives were near‑term accounting and liquidity impacts: a modest Q4 GAAP net income ($7M), a decline in GAAP book value (–~2.7% in Q4) driven by mark‑to‑market increases in securitized debt, reduced cash balances after the acquisition, higher operating and transaction expenses, and quarter‑to‑quarter variability from non‑recurring items. Overall, management portrayed durable progress toward a hybrid REIT operating model with improving earnings power and liquidity tools, while noting short‑term volatility and accounting effects that depress GAAP metrics.

Company Guidance

Management guided that the board has declared a Q1‑2026 dividend of $0.45 per share (a 22% quarter‑over‑quarter increase) and expects to maintain that level for the remainder of the year while pursuing 2026 priorities to diversify the portfolio, expand liquidity, and grow fee‑based income—deploying capital into Agency MBS, MSRs and sponsored securitizations backed by Home Express and continuing securitization redemptions and selective divestitures. As of Q4 the company reported $528M of cash/unencumbered assets, $6.0B of consolidated secured financing (including $802M warehouse and $5.2B for the investment portfolio, $3.3B of which finances agency RMBS), total leverage 5.1x (Rico 2.4x), an agency portfolio at ~7.5x leverage generating low‑to‑mid double‑digit run‑rate ROEs, and management noted >$600M of redeployable capital in 2025 (including ~$485M from asset sales/collapsed securitizations and ~$116M from unsecured notes). The guidance is supported by Q4 operating/earnings metrics—economic NII $65M (yield on interest‑earning assets 5.9%, cost of funds 4.5%, NII spread 1.4%), Q4 EAD $45M ($0.53) and FY EAD $141M ($1.68) with EAD ROAE ~11% (EAD ROTA 11.9%), GAAP book value $19.70, FY GAAP net income $144M ($1.72)—and by Home Express contributions (Q4 originations $1.04B; FY $3.4B; gain‑on‑sale premium 358 bps; Q4 EBITDA $11M; annualized EBITDA ROE 16.2%; GAAP cost to originate 201 bps; debt margin 111 bps; $1.35B warehouse), with market context of non‑QM AAA spreads tightening ~20–25 bps YTD and mortgage rates near 6.15%.

Dividend Increase

Board raised the quarterly dividend to $0.45 for Q1 2026, a 22% increase quarter-over-quarter, and expects to maintain that level for the remainder of the year.

Third‑Party AUM Growth

Third‑party assets under management increased from $22 billion to $26 billion, a rise of $4 billion (≈18.2%), expanding fee-income and advisory scale.

Significant Capital Generation and Redeployment

Generated aggregate capital of more than $600 million in 2025 via refinancing ($291M), divestitures (~$195M), and an unsecured notes offering (~$116M); separately cited ~ $485M from asset sales and collapsing securitizations to redeploy into higher‑value activities.

Home Express Acquisition and Strong Origination Performance

Closed acquisition of Home Express (≈$244M cash, $272M total consideration). Home Express originated $1.04 billion in Q4 (a record, +18% QoQ) and $3.4 billion for full year 2025. Q4 EBITDA was $11M, annualized EBITDA ROE 16.2%, gain‑on‑sale premium 358 bps, GAAP cost to originate reached a record low of 201 bps, and warehouse capacity was increased to $1.35B.

Portfolio Repositioning Toward Liquidity and Diversification

Shifted capital allocation materially: from a high concentration in residential credit to a more balanced mix — ended year at ~61% loans, 16% agency securities, 10% non‑agency, 11% lending activities and 1% MSRs (management also characterized a move from ~97% residential credit to ~72% overall), and purchased over $3 billion of Agency MBS during 2025 (net of sales).

Improved Earnings Power and Distributable Returns

Earnings available for distribution (EAD) was $45M in Q4 ($0.53 per share) and $141M for full year ($1.68 per share). Investment‑portfolio economic NII return on average equity was 10.8% for 2025; EAD return on average equity was ~11.0% (EAD return on average tangible equity 11.9%). First full quarter contribution from Home Express produced distributable ROE (EAD/avg common equity) annualized ~11% vs 7.16% in 2024 (~+400 bps).

Net Interest Income and Spread Metrics

Investment portfolio economic net interest income in Q4 was $65M; yield on average interest‑earning assets 5.9%, average cost of funds 4.5%, producing a net interest spread of 1.4%.

Hedging and Liquidity Management

Maintained hedges of ~$2.9B against ~$3.3B agency RMBS exposure and ~$2.15B of swaps/options/caps against residential credit interest rate risk; agency holdings provide liquidity and run‑rate ROEs in the low‑ to mid‑double digits at ~7.5x leverage on that sleeve.

Favorable Market Movements for Mortgage Products

Mortgage rates fell roughly 70 bps during 2025, ending near 6.15%; non‑QM AAA spreads tightened ~20–25 bps year‑to‑date, supporting stronger issuer demand and secondary market conditions for Home Express production.

Chimera Investment (CIM) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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CIM Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 30, 2026	2026 (Q1)	0.52 / -	0.41	―	―	―
Feb 11, 2026	2025 (Q4)	0.51 / 0.53	0.37	43.24% (+0.16)
Nov 06, 2025	2025 (Q3)	0.46 / 0.37	0.36	2.78% (+0.01)
Aug 06, 2025	2025 (Q2)	0.46 / 0.39	0.37	5.41% (+0.02)
May 08, 2025	2025 (Q1)	0.45 / 0.41	0.36	13.89% (+0.05)
Feb 12, 2025	2024 (Q4)	0.39 / 0.37	0.39	-5.13% (-0.02)
Nov 06, 2024	2024 (Q3)	0.35 / 0.36	0.39	-7.69% (-0.03)
Aug 07, 2024	2024 (Q2)	0.35 / 0.37	0.36	2.78% (+0.01)
May 09, 2024	2024 (Q1)	0.52 / 0.36	0.39	-7.69% (-0.03)
Feb 14, 2024	2023 (Q4)	0.52 / 0.39	0.33	18.18% (+0.06)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CIM Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 11, 2026	$12.30	$13.09	+6.42%
Nov 06, 2025	$12.98	$11.73	-9.63%
Aug 06, 2025	$13.20	$12.86	-2.58%
May 08, 2025	$11.37	$12.12	+6.58%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Chimera Investment Corp. (CIM) report earnings?

Chimera Investment Corp. (CIM) is schdueled to report earning on Apr 30, 2026, Before Open (Confirmed).

What is Chimera Investment Corp. (CIM) earnings time?

Chimera Investment Corp. (CIM) earnings time is at Apr 30, 2026, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

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What companies are reporting earnings today?

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What is CIM EPS forecast?

CIM EPS forecast for the fiscal quarter 2026 (Q1) is 0.52.