Dynex capital, inc. (DX)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Mortgage-backed securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25,207

26,995

26,902

27,802

30,820

32,968

32,039

30,492

27,254

25,519

24,463

-

-

-

-

-

-

Mortgage loans held for investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

793

723

738

792

846

922

943

-

-

-

-

-

-

-

-

-

-

Interest income

39,822

41,961

44,502

43,748

39,957

32,014

26,925

25,922

25,190

24,124

23,103

24,856

22,419

22,858

21,135

22,816

25,089

25,522

26,096

24,527

24,099

24,286

26,000

27,718

27,640

-

31,666

-

-

-

-

-

-

-

-

-

-

-

-

Securitized mortgage loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,299

1,527

1,504

-

-

-

-

-

-

Other investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21

79

305

-

-

-

-

-

-

Agency MBS

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,898

15,244

11,518

5,607

4,610

Non-Agency MBS

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,442

3,830

3,691

3,345

3,741

Securitized mortgage loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,773

1,961

2,219

2,748

3,355

Other investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30

30

33

30

32

Cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

4

2

Total interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

33,890

32,982

-

28,574

27,125

26,272

23,704

21,143

21,065

17,465

11,734

11,740

Repurchase agreements and FHLB advances

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,028

6,548

-

-

-

11,165

10,218

-

9,166

7,863

6,644

-

-

-

-

-

-

Repurchase agreements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,611

-

8,477

-

-

-

-

-

-

-

5,305

4,760

3,428

1,672

1,362

Non-recourse collateralized financing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30

24

22

-

241

-

-

-

-

-

-

-

-

-

-

-

-

Non recourse collateralized financing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

281

238

-

308

254

481

657

1,278

1,272

1,306

1,661

2,446

Interest expense

22,101

25,766

31,256

30,813

26,276

19,053

14,751

14,175

11,595

10,056

9,889

8,714

7,519

6,753

6,068

6,100

6,310

5,833

5,859

5,542

5,371

5,652

6,058

6,572

7,633

8,408

8,718

11,446

10,456

10,431

9,474

8,117

7,125

6,733

6,583

6,032

4,734

3,333

3,808

Net interest income

17,721

16,195

13,246

12,935

13,681

12,961

12,174

11,747

13,595

14,068

13,214

16,142

14,900

16,105

15,067

16,716

18,779

19,689

20,237

18,985

18,728

18,634

19,942

21,146

20,007

20,186

22,948

22,444

22,526

21,146

19,100

19,008

19,147

16,971

14,560

15,033

12,731

8,401

7,932

Provision for loan losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

261

-

-

-

-

-

-

-

-

-

-

Provision for loan losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

110

0

60

-

300

200

250

211

150

Net interest income after provision for loan losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18,990

19,008

19,087

16,850

14,260

14,833

12,481

8,190

7,782

Litigation settlement and related costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-8,240

-

-

0

-

Loss on non-recourse collateralized financing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,970

-

-

561

-

Loss on derivative instruments, net

-195,567

42,992

-50,709

-117,535

-61,697

-81,981

19,499

20,667

38,354

12,678

5,993

-15,802

175

56,546

2,409

-16,297

-48,264

17,854

-52,749

17,090

-25,323

-21,739

4,842

-23,074

-13,422

2,607

-24,019

11,353

-17

-

-333

-

-

-

-

-

-

-

-

Gain on sale of investments, net

84,783

0

4,605

-10,360

0

-5,428

-1,726

-12,444

-3,775

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on sale of investments, net

-

-

-

-

-

-

-

-

-

-

-5,211

-3,709

-1,708

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on sale of investments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-297

-3,941

-908

113

-1,491

1,308

10,950

9,057

-477

-3,307

-

-825

-

-

-

3,480

-

-

-

-

-

-

-

-

Fair value adjustments, net

372

14

13

16

13

16

-12

-27

-29

-12

-23

-30

-10

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fair value adjustments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

34

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fair value adjustments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

28

24

-

16

20

39

46

42

88

32

-

150

-

-

-

-

-

-

-

-

-

-

-

-

Other expense, net

-

-

-

-

-

-

-

-

-

-

-

-

-46

-

545

290

63

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity in income of limited partnership

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other operating expense, net

-423

-28

25

256

-231

-566

-409

-339

-253

-

-109

4

-

-

-

-

-

-

-215

612

34

-

897

137

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of investments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,031

1,391

-

-

2,587

351

-

-

-

-

-

-

Fair value adjustments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-600

-140

-

297

117

-210

-

-

-

-

-

-

Other income, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

75

-

748

101

-88

-70

-177

159

369

-

-

-

-

-

-

General and administrative expenses:
Gain on sale of investments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

581

742

0

0

716

Fair value adjustments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-662

131

-126

77

71

Other income, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-102

143

43

165

555

Compensation and benefits

2,163

2,089

1,786

1,747

1,898

1,180

1,712

1,751

1,962

2,153

2,070

2,041

2,245

1,720

1,736

1,875

2,219

2,308

2,327

2,351

2,117

2,277

2,351

2,329

2,552

56

2,282

2,308

2,358

2,359

1,699

1,779

1,798

1,874

1,106

1,209

1,132

1,191

870

Other general and administrative

2,458

1,921

1,972

2,518

2,056

2,312

2,252

2,255

1,681

1,690

1,529

2,056

2,035

1,869

1,619

1,796

1,873

1,969

2,052

2,403

2,141

1,878

1,563

1,490

1,567

-

1,347

-

-

-

-

-

-

-

-

-

-

-

-

Net loss

-98,479

55,135

-36,604

-118,985

-52,214

-78,522

25,586

15,652

44,307

21,963

10,311

-7,432

9,051

69,061

14,700

-3,231

-37,431

32,531

-36,977

30,462

-9,472

3,673

30,866

-5,999

-734

-

-4,627

-

-

19,552

19,167

18,847

16,476

-

1,532

13,594

10,280

7,022

7,267

Other general and administrative

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,487

1,450

-

1,391

1,245

1,323

1,374

1,229

1,046

986

780

987

Net (loss) income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

31,534

19,603

-

-

-

-

-

-

-

-

-

-

Preferred stock dividends

3,841

3,361

3,341

3,206

3,059

2,963

2,956

2,942

2,940

2,910

2,808

2,641

2,435

2,303

2,294

2,294

2,294

2,294

2,294

2,294

2,294

2,294

2,294

2,294

2,294

2,294

2,294

2,092

1,222

1,222

814

0

0

-

0

-

-

1,056

1,003

Net loss to common shareholders

-106,234

51,774

-39,945

-122,191

-55,273

-81,485

22,630

12,710

41,367

19,053

7,503

-10,073

6,616

66,758

12,406

-5,525

-39,725

30,237

-39,271

28,168

-11,766

1,379

28,572

-8,293

-3,028

19,265

-6,921

29,442

18,381

18,330

18,353

18,847

16,476

-

1,532

-

-

5,966

6,264

Other comprehensive income:
Unrealized gain on available-for-sale investments, net

157,755

-43,204

59,800

100,767

86,632

44,701

-23,574

-22,156

-49,189

-15,438

981

8,739

18,368

-85,087

769

22,730

37,760

-46,512

26,674

-42,027

23,304

14,355

-6,867

33,114

23,965

-1,306

-2,671

-115,263

5,897

-

-

-

-

-

-

-

-

-

-

Reclassification adjustment for gain on sale of investments, net

84,783

0

4,605

-10,360

0

-5,428

-1,726

-12,444

-3,775

-902

-5,211

-3,709

-1,708

0

0

-297

-3,941

-908

113

-1,491

1,308

10,950

9,057

-477

-3,307

757

-825

2,031

1,391

-

-

-

-

-

-

-

-

-

-

Change in fair value of cash flow hedges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

15,944

437

-

-

-

-

-

-

-

-

-

-

Reclassification adjustment for de-designated cash flow hedges

0

0

0

0

165

75

66

48

48

48

48

73

99

99

99

80

-27

-728

-857

-857

-1,057

-1,450

-1,442

-1,608

-2,288

-2,610

-2,583

-4,693

-4,103

-

-

-

-

-

-

-

-

-

-

Total other comprehensive income

72,972

-43,204

55,195

111,127

86,467

50,054

-21,914

-9,760

-45,462

-14,584

6,144

12,375

19,977

-85,186

670

22,947

41,728

-44,876

27,418

-39,679

23,053

4,855

-14,482

35,199

29,560

547

737

-96,657

9,046

-

-

-

-

-

-

-

-

-

-

Comprehensive (loss) income to common shareholders

-33,262

8,570

15,250

-11,064

31,194

-31,431

716

2,950

-4,095

4,469

13,647

2,302

26,593

-18,428

13,076

17,422

2,003

-14,639

-11,853

-11,511

11,287

6,234

14,090

26,906

26,532

-

-6,184

-

-

-

-

-

-

-

-

-

-

-

-

Net loss per common share-basic and diluted

-4.63

2.26

-1.65

-4.98

-2.42

-1.34

1.18

0.68

0.74

1.29

0.15

-0.20

0.13

1.36

0.25

-0.11

-0.81

0.57

-0.74

0.52

-0.21

0.03

0.52

-0.15

-0.06

-

-0.13

0.54

-

-

-

-

-

-

-

-

-

-

-

Weighted average common shares-basic and diluted

22,963

22,953

24,174

24,541

22,812

-16,938

19,242

18,765

55,871

-81,002

49,832

49,218

49,176

49,149

49,147

49,119

49,041

49,237

52,777

54,574

54,800

54,736

54,731

54,711

54,626

-

54,903

-

-

-

-

-

-

-

-

-

-

-

-

Preferred Stock Redemption Premium

3,914

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends declared per common share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.27

0.29

-

-

0.29

0.29

0.28

-

0.27

0.27

0.27

0.25

0.23

Comprehensive income to common shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-67,215

27,427

-

-

-

-

-

-

-

-

-

-

Basic and diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

54,973

54,300

-

54,367

54,353

49,480

40,479

40,353

40,333

33,153

17,230

15,122

Diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

54,368

54,353

49,480

40,477

40,353

40,334

33,157

21,457

19,347

Net (loss) income per common share - basic and diluted

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.34

-

0.34

0.35

0.33

0.34

0.04

0.34

0.31

0.35

0.41

Diluted Net Income Per Common Share

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.34

0.35

0.33

0.34

0.04

0.34

0.31

0.33

0.38