NYSE$DX
Dynex Capital Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Reported second quarter 2024 financial results with a total economic loss of $(0.31) per common share.
Dynex Capital reported a total economic loss of $(0.31) per common share, with a book value of $12.50 per common share as of June 30, 2024. They declared dividends of $0.39 per common share and raised $124.7 million in equity capital. The company also purchased $551.1 million of higher coupon Agency RMBS and maintained liquidity of $644.0 million.
- Total economic loss of $(0.31) per common share, or (2.4)% of beginning book value.
- Book value per common share of $12.50 as of June 30, 2024.
- Dividends declared of $0.39 per common share for the second quarter.
- Raised equity capital of $124.7 million during the second quarter.
Headline financials
Revenue & EPS history
Dynex Capital · Revenue · Quarterly
$74.5M
Forward guidance
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “believe,” “expect,” “forecast,” “anticipate,” “estimate,” “project,” “plan,” "may," "could," "will," "continue" and similar expressions identify forward-looking statements that are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified.
Tailwinds
- Ability to find suitable investment opportunities
- Changes in domestic economic conditions
- The Company’s investment portfolio performance, particularly as it relates to cash flow, prepayment rates and credit performance
- The cost and availability of financing, including the future availability of financing due to changes to regulation of, and capital requirements imposed upon, financial institutions
- Changes to the Company’s investment strategy, operating policies, dividend policy or asset allocations
Headwinds
- Geopolitical events, such as terrorism, war or other military conflict, including the wars between Russia and the Ukraine and between Israel and Hamas and the related impact on macroeconomic conditions as a result of such conflicts
- Changes in interest rates and credit spreads, including the repricing of interest-earning assets and interest-bearing liabilities
- The impact on markets and asset prices from changes in the Federal Reserve’s policies regarding purchases of Agency RMBS, Agency CMBS, and U.S. Treasuries
- Adverse reactions in U.S. financial markets related to actions of foreign central banks or the economic performance of foreign economies including in particular China, Japan, the European Union, and the United Kingdom
- Uncertainty concerning the long-term fiscal health and stability of the United States
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
-0.6%
Avg return
Earnings day
+0.3%
Avg return
5 days after
+0.3%
Avg return
30 days after
41%
27 / 66 earnings
Positive
+13.5%
Q1 2022
Best reaction
-10.4%
Q2 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.7% | +1.1% | -5.5% | |
| Q4 2025 | +0.0% | -5.1% | -4.5% | |
| Q3 2025 | +0.2% | +0.1% | +0.2% | |
| Q2 2025 | -0.5% | -1.1% | -0.8% | |
| Q1 2025 | -1.8% | +4.8% | +3.1% | |
| Q4 2024 | +1.2% | +5.1% | +10.5% | |
| Q3 2024 | -1.3% | -1.7% | -1.7% | |
| Q2 2024 | +1.0% | -1.0% | +0.3% | |
| Q1 2024 | +1.0% | +1.8% | +5.0% | |
| Q4 2023 | -1.5% | -2.8% | -4.3% | |
| Q3 2023 | -4.7% | -10.0% | +6.8% | |
| Q2 2023 | +5.9% | +5.6% | -1.4% | |
| Q1 2023 | -1.0% | +0.5% | -8.3% | |
| Q4 2022 | -3.8% | -2.4% | -13.8% | |
| Q3 2022 | -2.1% | +3.2% | +11.0% | |
| Q2 2022 | -0.5% | +1.9% | -4.4% | |
| Q1 2022 | +13.5% | +13.7% | +12.9% | |
| Q4 2021 | +0.8% | +3.6% | -3.5% | |
| Q3 2021 | -1.5% | -0.2% | -3.3% | |
| Q2 2021 | +2.0% | -0.2% | +1.8% | |
| Q1 2021 | +2.9% | +3.2% | -0.1% | |
| Q4 2020 | +3.6% | -2.3% | +2.0% | |
| Q3 2020 | +5.2% | +4.4% | +12.0% | |
| Q2 2020 | +1.0% | -0.1% | +4.6% | |
| Q1 2020 | -3.2% | -6.7% | +6.6% | |
| Q4 2019 | +5.1% | +5.9% | -2.4% | |
| Q3 2019 | +5.6% | +3.7% | +9.2% | |
| Q2 2019 | -3.7% | -6.3% | -16.8% | |
| Q1 2019 | -1.5% | -2.0% | -9.8% | |
| Q4 2018 | -2.6% | -1.6% | -1.6% | |
| Q3 2018 | +0.0% | +1.0% | +1.9% | |
| Q2 2018 | -2.7% | -3.9% | -2.7% | |
| Q1 2018 | -1.5% | +0.6% | -1.5% | |
| Q4 2017 | -0.6% | +1.8% | +1.3% | |
| Q3 2017 | +0.3% | -1.1% | +2.3% | |
| Q2 2017 | +3.2% | +2.9% | +4.0% | |
| Q1 2017 | -5.9% | -6.0% | -5.7% | |
| Q4 2016 | +1.3% | +1.5% | +3.3% | |
| Q3 2016 | -4.2% | -2.6% | -2.5% | |
| Q2 2016 | +2.1% | +4.5% | +7.3% | |
| Q1 2016 | -5.3% | — | — | |
| Q4 2015 | +2.9% | — | — | |
| Q3 2015 | +3.3% | — | — | |
| Q2 2015 | -10.4% | — | — | |
| Q1 2015 | -2.4% | — | — | |
| Q4 2014 | -0.4% | — | — | |
| Q3 2014 | +1.0% | — | — | |
| Q2 2014 | -1.7% | — | — | |
| Q1 2014 | -0.5% | — | — | |
| Q4 2013 | -2.4% | — | — | |
| Q3 2013 | -3.5% | — | — | |
| Q2 2013 | -10.2% | — | — | |
| Q1 2013 | -0.2% | — | — | |
| Q1 2010 | +0.3% | — | — | |
| Q4 2012 | -0.8% | — | — | |
| Q3 2012 | -0.9% | — | — | |
| Q2 2012 | +1.8% | — | — | |
| Q4 2011 | +1.8% | — | — | |
| Q1 2011 | +1.5% | — | — | |
| Q1 2012 | +0.7% | — | — | |
| Q3 2010 | -0.6% | — | — | |
| Q3 2011 | -0.6% | — | — | |
| Q2 2011 | -5.8% | — | — | |
| Q4 2010 | -5.8% | — | — | |
| Q4 2009 | -5.8% | — | — | |
| Q2 2010 | -5.8% | — | — |
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