CHMI

Download the Complete Report Here Key Takeaways: EAD beat expectations at $0.14/share versus $0.12 consensus, improving from $0.11 in 4Q25. Book value declined 6.1% sequentially to $3.23 as geopolitical volatility widened mortgage spreads, though April BVPS rebounded nearly 2%. NII improved 38.8% q/q to $4.5 million, supported by lower repo costs, improved dollar roll income, and 2.90% RMBS spread. MSR/RMBS portfolio remained resilient, with low prepayments and improved RMBS carry supporting core earnings despite spread volatility. Shares remain attractively valued at 4.7x NTM EAD, 0.8x P/B, and 15.4% dividend yield despite stronger core earnings coverage. Resilient core earnings beat expectations despite a volatile macro backdrop, with stronger EAD offsetting book value pressure. CHMI reported EAD attributable to common shareholders of $5.3 million, or $0.14/share, in 1Q26, ahead of Street estimates of $0.12/share and up from $3.9 million, or $0.11/share, in 4Q25. The stronger EAD performance reflected improved NII, lower funding costs, and better dollar roll income, allowing CHMI to cover the $0.10/share common dividend by approximately 1.4x versus 1.1x in the prior quarter. GAAP results were weaker due to mark-to-market pressure, with net loss applicable to common shareholders of $2.0 million versus net income applicable to common shareholders of $5.3 million in 4Q25. The GAAP decline was primarily driven by mark-to-market pressure, reflecting a $12.4 million unrealized loss on RMBS measured at fair value through earnings and a $1.4 million unrealized loss on investments in Servicing Related Assets, partially offset by a $6.1 million unrealized gain on derivatives. Book value per common share declined to $3.23 from $3.44, down 6.1% sequentially, while NAV including preferred stock declined $7.9 million, or 3.3%, compared with December 31. We view 1Q26 as a volatility-driven quarter rather than an operating deterioration. Management highlighted that the quarter turned abruptly in March after geopolitical escalation triggered higher oil and gas prices, higher inflation expectations, lower rate-cut expectations, wider mortgage spreads, and a flatter yield curve. CHMI entered the quarter with an environment that looked similar to late 2025, including relative stability and January spread tightening, but February and March reversed that setup as volatility ros...

Interested in Cherry Hill Mortgage Investment Corporation? Here are five stocks we like better. Cherry Hill Mortgage Investment reported a first-quarter GAAP net loss of $2 million, or $0.05 per share, and book value per common share fell 6.1% to $3.23 as geopolitical volatility and wider mortgage spreads pressured results late in the quarter. The company said its MSR portfolio helped offset some weakness, while management made portfolio adjustments in March to protect book value; leverage ended the quarter at a “prudently levered” 5.5x with $47 million in unrestricted cash. Management expects volatility to remain elevated in the near term, but sees potential support from GSE demand and stabilizing mortgage rates, with CFOs noting book value improved nearly 2% by April 30 from quarter-end. Cherry Hill Mortgage Investment (NYSE:CHMI) reported a first-quarter loss as management said geopolitical volatility, higher inflation expectations and wider mortgage spreads weighed on performance late in the period. President and CEO Jay Lown said markets began the quarter with relative stability similar to the second half of 2025, but conditions changed quickly after the outbreak of war with Iran. He said oil and gas prices spiked, inflation expectations rose and expectations for future rate cuts this year diminished. Mortgage spreads widened and the yield curve flattened as volatility increased. → Uber's Annual Product Showcase Reveals It Is Coming for Airbnb and Booking “Specific to Cherry Hill, as the geopolitical uncertainty unfolded, we acted quickly and we believe appropriately to protect the company by focusing on the risks that were within our control,” Lown said. He added that the company managed its interest rate exposure in March in a way that management believes helped mitigate the impact to book value. The mortgage REIT reported a GAAP net loss applicable to common stockholders of $2 million, or $0.05 per diluted share, for the first quarter. Comprehensive loss attributable to common stockholders, including mark-to-market changes on available-for-sale RMBS, was $4.4 million, or $0.12 per diluted share. → Wells Fargo’s Comeback Is Real—But Not Risk-Free Earnings available for distribution, or EAD, attributable to common stockholders totaled $5.3 million, or $0.14 per share. Book value per common share was $3.23 as of March 31, 2026, down from $3.44 at Dec. 3...

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Performance in the first quarter was heavily dictated by global geopolitical events, specifically the conflict with Iran, which triggered spikes in oil prices and inflation expectations. Management pivoted quickly in March to manage interest rate exposure and mitigate book value erosion as mortgage spreads widened and the yield curve flattened. The MSR portfolio acted as a critical stabilizer, with improved valuations partially offsetting the volatility-driven losses in the RMBS segment. Net interest margin (NIM) improved to 2.9% for the RMBS portfolio, primarily driven by reduced interest expenses related to lower repo costs and improved dollar roll income. The company maintained a prudent leverage ratio of 5.5x and a solid liquidity profile with $47 million in unrestricted cash to navigate ongoing market turbulence. Strategic investment in Real Genius, a digital mortgage technology firm, remains on track and is expected to contribute to future operational efficiencies. Management expects markets to remain turbulent and volatility to stay elevated until geopolitical tensions in the Middle East reach a definitive resolution. The company anticipates low recapture rates and stable CPR in the near term due to the current loan rates within the MSR portfolio providing minimal refinance incentive. Mortgage supply is expected to remain constrained at current rate levels near 6.4%, which management believes will support mortgage technicals and spreads. Future investment opportunities will be funded through capital reallocation across asset classes, prioritized by risk-weighted return profiles given current capital constraints. Portfolio positioning remains focused on the middle and higher end of the coupon stack to optimize performance in a potential bull steepening scenario. Book value per common share declined 6.1% during the quarter to $3.23, reflecting the sharp reversal of January's spread tightening gains. The refinanceable mortgage universe contracted significantly from a potential 30% at a 5.5% mortgage rate to approximately 14% at current levels. Geopolitical risk is identified as the primary headwind to mortgage spread improvement, as mortgages historically require certainty and clarity to perform optimall...

TINTON FALLS, N.J. (AP) — TINTON FALLS, N.J. (AP) — Cherry Hill Mortgage Investment Corp. (CHMI) on Thursday reported net income of $423,000 in its first quarter. The Tinton Falls, New Jersey-based company said it had net loss of 5 cents per share. Earnings, adjusted for non-recurring costs, came to 14 cents per share. The residential real estate finance company posted revenue of $15.9 million in the period. Its adjusted revenue was $4.5 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CHMI at https://www.zacks.com/ap/CHMI

Cherry Hill Mortgage (CHMI) came out with quarterly earnings of $0.14 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.17 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +16.67%. A quarter ago, it was expected that this residential real estate finance company would post earnings of $0.11 per share when it actually produced earnings of $0.11, delivering no surprise. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Cherry Hill, which belongs to the Zacks REIT and Equity Trust industry, posted revenues of $4.46 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 43.74%. This compares to year-ago revenues of $2.17 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Cherry Hill shares have added about 1.2% since the beginning of the year versus the S&P 500's gain of 7.6%. While Cherry Hill has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Cherry Hill was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today...

TINTON FALLS, N.J., May 07, 2026--(BUSINESS WIRE)--Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) ("Cherry Hill" or the "Company") today reported results for the first quarter 2026. First Quarter 2026 Highlights GAAP net loss applicable to common stockholders of $2.0 million, or $0.05 per share. Earnings available for distribution ("EAD") attributable to common stockholders of $5.3 million, or $0.14 per diluted share. Common book value per share of $3.23 at March 31, 2026. Declared regular common dividend of $0.10 per share; annualized common dividend yield was 15.5% based on the closing sale price of the Company’s common stock as reported by the NYSE on May 6, 2026. Aggregate portfolio leverage stood at 5.5x at March 31, 2026. As of March 31, 2026, the Company had unrestricted cash of $46.7 million. "The first quarter was marked by unprecedented geopolitical actions that created significant volatility, and our team reacted quickly and decisively to protect shareholder interests and mitigate risk," said Jay Lown, President and CEO of Cherry Hill Mortgage Investment Corporation. "While we are encouraged by the stabilization we saw in April, we remain focused on thoughtfully and proactively managing our diversified portfolio of RMBS and MSRs as uncertainty persists." Operating Results Cherry Hill reported GAAP net loss applicable to common stockholders for the first quarter of 2026 of $2.0 million, or $0.05 per basic and diluted weighted average common share outstanding. Reported GAAP net loss was determined based primarily on the following: $4.5 million of net interest income, $7.9 million of net servicing income, a net realized loss of $0.1 million on derivatives, a net unrealized loss of $12.4 million on RMBS measured at fair value through earnings, a net unrealized gain of $6.1 million on derivatives, a net unrealized loss of $1.4 million on investments in Servicing Related Assets, and general and administrative expenses and compensation and benefits in the aggregate amount of $3.3 million. Earnings available for distribution attributable to common stockholders for the first quarter of 2026 were $5.3 million, or $0.14 per basic and diluted weighted average common share outstanding. For a reconciliation of GAAP net income to non-GAAP earnings available for distribution, please refer to the reconciliation table accompanying this release. Net unreal...

TINTON FALLS, N.J., April 30, 2026--(BUSINESS WIRE)--Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) today announced that the Company will release first quarter 2026 financial results after the market closes on May 7, 2026. A conference call will be held the same day at 5:00 pm Eastern Time to review the Company’s first quarter 2026. Webcast: A live webcast of the conference call will be available in the investor relations section of the Company’s website at www.chmireit.com. To listen to the live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register, download and install any necessary audio software. An online archive of the webcast will be available on the Company’s website for 1 year following the call. To Participate in the Telephone Conference Call: Participants may register for the conference call here. Once registered, dial-in information for the call will be made available. About Cherry Hill Mortgage Investment Corporation Cherry Hill Mortgage Investment Corporation is a real estate finance company that acquires, invests in and manages residential mortgage assets in the United States. For additional information, visit www.chmireit.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260430505360/en/ Contacts Investor Relations (877) 870 –7005 [email protected]

BankUnited, Inc. (BKU) came out with quarterly earnings of $0.83 per share, missing the Zacks Consensus Estimate of $0.97 per share. This compares to earnings of $0.78 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -14.72%. A quarter ago, it was expected that this company would post earnings of $0.85 per share when it actually produced earnings of $0.94, delivering a surprise of +10.59%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. BankUnited, which belongs to the Zacks Banks - Major Regional industry, posted revenues of $273.69 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 3.88%. This compares to year-ago revenues of $255.41 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. BankUnited shares have added about 4.9% since the beginning of the year versus the S&P 500's gain of 3.2%. While BankUnited has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for BankUnited was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) s...

TINTON FALLS, N.J., March 12, 2026--(BUSINESS WIRE)--Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) today announced that its Board of Directors declared a dividend of $0.10 per share on the Company’s common stock for the first quarter of 2026. The dividend will be payable in cash on April 30, 2026 to holders of the common stock of record as of the close of business on March 31, 2026. Additionally, Cherry Hill announced that its Board of Directors has declared a dividend of $0.5125 per share on the Company’s 8.20% Series A Cumulative Redeemable Preferred Stock and a dividend of $0.5978 per share on the Company’s 8.250% Series B Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock for the first quarter of 2026. The dividends will be payable in cash on April 15, 2026, to holders of the applicable Series of Preferred Stock of record as of the close of business on March 31, 2026. About Cherry Hill Mortgage Investment Corporation Cherry Hill Mortgage Investment Corporation is a real estate finance company that acquires, invests in and manages residential mortgage assets in the United States. For additional information, visit www.chmireit.com. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws, including, among others, statements relating to the Company’s long-term growth opportunities and strategies and the Company’s ability to expand its market opportunities and create its own Excess MSRs and its ability to generate sustainable and attractive risk-adjusted returns for stockholders. These forward-looking statements are based upon the Company’s present expectations, but these statements are not guaranteed to occur. For a description of factors that may cause the Company’s actual results or performance to differ from its forward-looking statements, please review the information under the heading "Risk Factors" included in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, and other documents filed by the Company with the Securities and Exchange Commission. View source version on businesswire.com: https://www.businesswire.com/news/home/20260312263949/en/ Contacts Investor Relations (877) 870 – 7005 [email protected]

Cherry Hill posted improved Q4 performance as tighter mortgage spreads, a steeper yield curve, falling volatility and Fed easing boosted returns across mortgages, swaps, futures and MSRs, with management noting the MSR portfolio was roughly 250 bps out of the money. The company reported GAAP net income of $5.3 million (or $0.14 per diluted share), earnings available for distribution of $3.9 million ($0.11 per share), book value rose to $3.44, financial leverage was 5.4x with $55 million of unrestricted cash, and the board declared a $0.10 common dividend for Q4. Portfolio and hedging: MSRs had an UPB of $15.9 billion (market value ≈ $215 million) and represented about 40% of equity, RMBS about 40% of equity; net CPRs were ~5.1% for MSRs and 8.5% CPR for RMBS, and management continues to hedge with swaps, TBAs and Treasury futures while beginning to use ICE SOFR futures. Interested in Cherry Hill Mortgage Investment Corporation? Here are five stocks we like better. Cherry Hill Mortgage Investment (NYSE:CHMI) reported improved fourth-quarter 2025 results as tightening mortgage spreads and a steeper yield curve supported returns across its portfolio. Management said market conditions were helped by falling realized and implied volatility, additional Federal Reserve easing during the quarter, and stronger equity and credit markets. President and CEO Jay Lown said themes from the third quarter carried into the fourth, including “a further reduction in tariff rhetoric” and above-trend domestic growth that contributed to lower volatility. He noted a limited government shutdown and a slightly weaker employment picture were offset by additional Fed rate cuts that lowered the fed funds rate by a total of 50 basis points during the quarter. → SoundHound’s New Sales Assist Agent Put Voice AI Back in the Spotlight Against that backdrop, Cherry Hill’s portfolio performance benefited from tighter mortgage spreads and a steeper yield curve. Lown said “all portfolio components aided in the performance,” including mortgages, swaps, futures, and mortgage servicing rights (MSRs). He added that lower and middle coupon mortgages outperformed “the wings of the coupon stack,” and that the company’s MSR portfolio performed well given the yield curve move. The MSR portfolio remains about 250 basis points out of the money, based on current mortgage rates, management said. For the four...

TINTON FALLS, N.J., February 25, 2026--(BUSINESS WIRE)--Cherry Hill Mortgage Investment Corporation (NYSE: CHMI) ("Cherry Hill" or the "Company") today reported results for the fourth quarter 2025. Fourth Quarter 2025 Highlights GAAP net income applicable to common stockholders of $5.3 million, or $0.14 per share. Earnings available for distribution ("EAD") attributable to common stockholders of $3.9 million, or $0.11 per diluted share. Common book value per share of $3.44 at December 31, 2025. Declared regular common dividend of $0.10 per share; annualized common dividend yield was 15.4% based on the closing sale price of the Company’s common stock as reported by the NYSE on February 24, 2026. Aggregate portfolio leverage stood at 5.4x at December 31, 2025. As of December 31, 2025, the Company had unrestricted cash of $54.9 million. "We were pleased to close out 2025 with another solid quarter, marked once again by increasing book value and net asset value per share," said Jay Lown, President and CEO of Cherry Hill Mortgage Investment Corporation. "Our diversified portfolio of RMBS and MSRs continued to perform well in a dynamic market environment and we remain committed to growing our portfolio and delivering attractive risk-adjusted returns for our shareholders." Operating Results Cherry Hill reported GAAP net income applicable to common stockholders for the fourth quarter of 2025 of $5.3 million, or $0.14 per basic and diluted weighted average common share outstanding. Reported GAAP net income was determined based primarily on the following: $3.2 million of net interest income, $8.1 million of net servicing income, a net realized loss of $1.9 million on derivatives, a net unrealized gain of $6.6 million on RMBS measured at fair value through earnings, a net unrealized loss of $0.4 million on derivatives, a net unrealized loss of $3.9 million on investments in Servicing Related Assets, and general and administrative expenses and compensation and benefits in the aggregate amount of $3.3 million. Earnings available for distribution attributable to common stockholders for the fourth quarter of 2025 were $3.9 million, or $0.11 per basic and diluted weighted average common share outstanding. For a reconciliation of GAAP net income to non-GAAP earnings available for distribution, please refer to the reconciliation table accompanying this release. Net unrealized...