Q3 2025 Dynex Capital Inc Earnings Call Transcript

Oct 20, 2025 / 02:00 PM GMT

Transcript 10-Q8-K

Key Points

Positve

Dynex Capital Inc (DX) reported a year-to-date shareholder return of 20% and a 23% return over the last year, indicating strong performance.
The company achieved a total economic return of 10.3% for the quarter and 11.5% year-to-date, reflecting disciplined management.
Net interest income is trending upward, with expectations of further improvement due to a recent FOMC rate cut.
Dynex Capital Inc (DX) successfully raised $254 million in new common equity capital in the third quarter, contributing to a year-to-date capital growth of $776 million.
The company is expanding its operations by opening a new office in New York City, which will help attract talent and strengthen business relationships.

Negative

The operating environment remains highly complex, with persistent inflation and geopolitical factors affecting investment decisions.
The global economy is vulnerable to tariff-related price shocks, a labor market slowdown, and potential government shutdowns.
Uncertainty in the Federal Reserve's rate path poses significant challenges for future planning.
The private credit market presents risks, with leverage hidden in funds that do not mark to market, potentially leading to persistent market cracks.
Agency RMBS spreads remain wide, indicating potential volatility and challenges in maintaining stable returns.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

DX.N - Dynex Capital Inc
Q3 2025 Dynex Capital Inc Earnings Call
Oct 20, 2025 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Hello and thank you for standing by. My name is Lacey and I will be your conference operator today. At this time, I would like to welcome to the Dx Capital Inc. 3rd quarter earnings conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, press one again.

Thank you. I would now like to conference over to Alison Griffin, VP of investor relations. You may begin.

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Unidentified_2

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