Chimera Investment (CIM)
NYSE:CIM
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Earnings Data
Report Date
Jul 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.54Last Year’s EPS
0.39Same Quarter Last Year
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a largely constructive operational and strategic picture: strong HomeXpress origination growth and profitability, meaningful portfolio repositioning that released ~$195M of capital and increased Agency RMBS allocation, improved economic earnings metrics (EAD growth and coverage), and substantial liquidity. Offsetting these positives were a GAAP net loss, a 6.9% decline in GAAP book value per share (largely driven by securitization redemptions and accounting mechanics), higher expenses, and some uptick in delinquencies and leverage. Management emphasized that many adverse GAAP movements were strategic and non-recurring and highlighted potential for ~$15M of incremental annual earnings from redeployed capital, supporting a constructive near- to medium-term outlook.Company Guidance
HomeXpress Origination Growth
HomeXpress originated $884 million in Q1 2026, a 39% increase year-over-year, with EBITDA of $11.4 million and an annualized EBITDA ROE of 16.8%. Net origination margin was 114 bps and average loan size rose from $424k in March to $451k in April (quarter average ~$410k).
Earnings Available for Distribution and Dividend Coverage
EAD was $46 million, or $0.54 per share, vs $34 million ($0.41) in Q1 2025. EAD covered the quarterly dividend of $0.45 by ~1.2x (120%). Over the past 10 quarters EAD exceeded the dividend in nine, and the dividend was increased from $0.33 to $0.45 (36% increase) over that period.
Portfolio Repositioning and Capital Release
Redeemed eight securitizations backed by $1.5 billion of reperforming loans, sold $1.2 billion of those loans and retained $287 million. These transactions released ~$195 million of equity capital that was redeployed into Agency RMBS and other opportunities.
Potential Earnings Accretion from Redeployment
Management estimates the reinvestment of the $195 million of released capital has a breakeven ROE just under 8% and the redeployment has the potential to generate an additional ~$15 million in annual earnings.
Shift Toward Agency RMBS and Improved Liquidity
Allocation to Agency RMBS increased from 15% to 21% (added ~$1.9 billion of Agency MBS, specified pools ending at ~$4.9 billion) while loan allocation fell from 62% to 55%, improving portfolio liquidity and optionality.
Improved Reported Economic Returns and Yield Profile
Investment portfolio economic net interest income was $72.8 million with an annualized economic NII ROE of 13.03%. Yield on average interest-earning assets was ~6.0%, average cost of funds 4.2%, producing a net interest spread of ~1.8%.
Strong Liquidity and Funding Capacity
Company ended the quarter with strong liquidity: reported cash of ~$476 million, total cash plus unencumbered assets of ~$675 million (up from $528 million at year-end), and increased warehouse funding capacity for HomeXpress to $1.5 billion.
Improved Platform Earnings Power Over Time
Management states estimated levered investment returns (including HomeXpress) have increased by ~20% over the past 15 months, reflecting successful repositioning and growth in fee-based and origination capabilities.
CIM Earnings History
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 |
|---|---|---|---|
May 07, 2026 | $13.63 | $13.54 | -0.66% |
Feb 11, 2026 | $11.86 | $12.62 | +6.42% |
Nov 06, 2025 | $12.16 | $10.98 | -9.63% |
Aug 06, 2025 | $12.36 | $12.04 | -2.58% |
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 (CIM) report earnings?
Chimera Investment (CIM) is schdueled to report earning on Jul 30, 2026, Before Open (Confirmed).
What is Chimera Investment (CIM) earnings time?
Chimera Investment (CIM) earnings time is at Jul 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 (Q2) is 0.54.