Chimera Investment (Chimera Investment) Credit Losses Provision : $9.66 Mil (As of Mar. 2024)

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What is Chimera Investment Credit Losses Provision?

Chimera Investment's credit losses provision for the three months ended in Mar. 2024 was $1.35 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was $9.66 Mil.

Chimera Investment's quarterly credit losses provision declined from Sep. 2023 ($3.22 Mil) to Dec. 2023 ($2.33 Mil) and declined from Dec. 2023 ($2.33 Mil) to Mar. 2024 ($1.35 Mil).

Chimera Investment's annual credit losses provision increased from Dec. 2021 ($0.03 Mil) to Dec. 2022 ($7.04 Mil) and increased from Dec. 2022 ($7.04 Mil) to Dec. 2023 ($11.37 Mil).

Chimera Investment Credit Losses Provision Historical Data

The historical data trend for Chimera Investment's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Chimera Investment Credit Losses Provision Chart

Chimera Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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0.18

0.03

7.04

11.37

Chimera Investment Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															3.06	2.76	3.22	2.33	1.35

Chimera Investment Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $9.66 Mil.

Chimera Investment (Chimera Investment) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Chimera Investment Corp (NYSE:CIMpB.PFD) » Definitions » Credit Losses Provision

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Traded in Other Exchanges

CIMpD.PFD:USA CIMpC.PFD:USA CIMpA.PFD:USA CIM:USA 4CR1:Germany

Address

630 Fifth Avenue, Suite 2400, New York, NY, USA, 10111

Website

https://www.chimerareit.com

Chimera Investment Corporation is a real estate investment trust engaged in investing in a portfolio of mortgage assets on a leveraged basis. These investments include a variety of government-sponsored agency residential mortgage-backed securities, or RMBS, non-agency RMBS, agency commercial mortgage-backed securities, residential mortgage loans, and other real estate-related securities. Agency mortgage-backed securities represent the largest share of this portfolio, while subprime residential mortgage loans and non-agency RMBS also make up substantial shares. A significant percentage of these securities are backed by properties in California. The company generates nearly all of its income from interest payments derived from its investments.