Chimera Investment Corporation (CIM)

[MCArmel1]

Chimera Investment misses by $0.01, beats on revenue

May 11 2015, 16:28 ET | About: Chimera Investment Corpo... (CIM) | By: Gaurav Batavia, SA News Editor

Chimera Investment (NYSE:CIM): Q1 EPS of $0.59 misses by $0.01.
Net interest income of $182.69M (+86.0% Y/Y) beats by $19.42M.
Press Release

http://seekingalpha.com/news/2512786-chimera-investment-misses-by-0_01-beats-on-revenue?auth_param=ano5b:1al247k:f445da627a5582b9cbe55312d5ec0da6&uprof=45#email_link


Chimera Investment Corporation Reports Net Income of $67 Million or $0.33 Per Share, Core Earnings of $120 Million or $0.59 Per Share and GAAP Book Value of $17.14 Per Share for the First Quarter of 2015
Mon May 11, 2015 4:05 PM|Business Wire | About: CIM

NEW YORK--(BUSINESS WIRE)-- Chimera Investment Corporation (CIM) today announced its financial results for the first quarter of 2015 as follows:

1st Quarter 2015 Financial Highlights
• Average earning assets grew to $15.2 billion for the quarter ended March 31, 2015 from $10.0 billion in average assets for the year ended December 31, 2014 based on amortized cost
• Net income of $67 million, up from $6 million earned in the 4th quarter of 2014
• Core earnings of $0.59 per share consistent with the 4th quarter of 2014(1)
• Net interest income of $183 million, up from $177 million in the 4th quarter of 2014
• GAAP book value of $17.14 per share, down from $17.55 per share for the 4th quarter of 2014
• Economic book value of $15.70 per share, down from $15.90 per share for the 4th quarter of 2014

The Company declared a common stock dividend of $0.48 per share for the quarter ended March 31, 2015. The annualized dividend yield on the Companys common stock for the quarter ended March 31, 2015 was 12%.

Leverage was 3.7:1 and recourse leverage was 2.6:1 at March 31, 2015.

More...

http://seekingalpha.com/pr/13466646-chimera-investment-corporation-reports-net-income-of-67-million-or-0_33-per-share-core-earnings-of-120-million-or-0_59-per-share-and-gaap-book-value-of-17_14-per-share-for-the-first-quarter-of-2015