Dynex Capital (DX) Tops Q4 EPS by 21c

Dynex Capital (NYSE: DX) reported Q4 EPS of $0.66, $0.21 better than the analyst estimate of $0.45.

Highlights of the Fourth Quarter 2019

• Comprehensive income of $0.37 per common share comprised of:
  • $2.26 net income per common share
  • $(1.87) other comprehensive loss per common share on available-for-sale securities
• Core net operating income, a non-GAAP measure, of $0.66 per common share
• Net interest spread and adjusted net interest spread, a non-GAAP measure, of 1.10% and 1.53%, respectively, for the fourth quarter of 2019
• Quarterly economic return to common shareholders of 2.2% based on dividends declared of $0.45 per common share less the decline in book value per common share of $(0.06) to $18.01 at December 31, 2019
• Leverage including TBA long positions of 9.0x shareholders’ equity at December 31, 2019

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

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