Dynex Capital Q3 2023 Earnings Report

Dynex Capital reported a total economic loss of $(1.56) per common share, with book value declining to $12.25 as of September 30, 2023. Dividends of $0.39 per common share were declared for Q3 2023.

Key Takeaways

Dynex Capital reported a total economic loss of $(1.56) per common share for Q3 2023. The company purchased $865.3 million of higher coupon Agency residential mortgage-backed securities and the average balance of interest-earning assets increased 34% compared to the second quarter.

Total economic loss of $(1.56) per common share, or (11.0)% of beginning book value.

Book value declined $1.95 to $12.25 as of September 30, 2023.

Dividends declared of $0.39 per common share for the third quarter of 2023.

Purchased $865.3 million of higher coupon Agency residential mortgage-backed securities during the third quarter.

Total Revenue

-$2.26M

Previous year: $7.12M