Dynex Capital

Q3 FY2026 EarningsQ3 FY26 results missed consensus on key GAAP metrics, primarily driven by Agency MBS spread widening which pressured asset valuations. Net loss was $(1.34) per share vs. $0.05 expected, while book value per share (BPS) fell to $10.91, missing the $11.72 estimate by 6.9%. Despite the GAAP loss, adjusted Earnings Available for Distribution (EAD) reached $0.38 per share, slightly exceeding the normalized EPS consensus of $0.37, supported by a 10% increase in interest-earning assets.