Dynex Capital (NYSE: DX) reported Q1 EPS of $0.18, in-line with the analyst estimate of $0.18.

First Quarter 2019 Highlights

• Comprehensive income of $0.46 per common share and net loss of $(0.81) per common share
• Core net operating income, a non-GAAP measure, of $0.18 per common share
• Book value per common share of $6.24 at March 31, 2019 compared to $6.02 at December 31, 2018
• Raised $58.9 million in capital from secondary and ATM offerings of preferred and common stock
• Purchased $1.1 billion of primarily Agency RMBS and CMBS, growing average balance of interest earnings assets by 25% compared to the prior quarter
• Leverage including TBA dollar roll positions increased to 8.5x shareholders’ equity at March 31, 2019 compared to 8.0x at December 31, 2018
• Net interest spread and adjusted net interest spread, a non-GAAP measure, of 0.84% and 1.19%, respectively, for the first quarter of 2019 compared to 0.93% and 1.24%, respectively, for the fourth quarter of 2018

For earnings history and earnings-related data on Dynex Capital (DX) click here.