Quarterly ResultApr 27, 2026, 04:14 PM
DX Q1 Net Loss to Common $(83.0)M; EPS $(0.41)
AI Summary
DYNEX CAPITAL INC reported a significant increase in net loss to common shareholders for Q1 2026, reaching $(83.0) million, compared to $(5.0) million in Q1 2025. This was primarily driven by a substantial unrealized loss on investments of $(251.8) million, despite a strong increase in net interest income to $79.3 million and a gain on derivative instruments of $104.7 million. The company's total assets grew to $24.3 billion, largely financed by an increase in repurchase agreements.
Key Highlights
- Net loss to common shareholders increased to $(83.0) million from $(5.0) million YoY.
- Basic net loss per common share was $(0.41), up from $(0.06) YoY.
- Net interest income surged to $79.3 million, a 362% increase from $17.1 million YoY.
- Unrealized loss on investments, net, was $(251.8) million, a swing from $110.0 million gain YoY.
- Gain on derivative instruments, net, was $104.7 million, reversing a $(118.1) million loss YoY.
- Total assets grew to $24.3 billion as of March 31, 2026, from $17.3 billion at year-end 2025.
- Repurchase agreements increased to $21.0 billion from $13.9 billion at year-end 2025.
- Common stock dividends paid were $(104.6) million, up from $(43.9) million YoY.