Dynex Capital, Inc. (DX) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and welcome to the Dynx Capital, Inc. Second Quarter Earnings Conference Call. Today's conference is being recorded. At this time, I'd like to turn the conference over to Ms. Caitlin Moritz, Head of Capital Markets and Investor Relations. Please go ahead. Thank you, operator, and thank you to everyone joining us today for Dynex's second quarter 2026 earnings conference call. Joining me on today's call are Smriti Popenoe, Co-Chief Executive Officer and President, Byron Boston, Chairman and Co-Chief Executive Officer, Mike Sartori, Chief Financial Officer, and TJ Connelly, Chief Investment Officer. Before we begin, I'd like to remind you that today's discussion may include forward-looking statements. These statements are based on current expectations, forecasts, and assumptions and are subject to risks, uncertainties, and other factors that could cause actual results to differ materially. For additional information regarding these risks and factors, Please refer to our filings with the SEC available in the investor section of our website and on the SEC's website. Dynex undertakes no obligation to update or revise any forward-looking statements. Our earnings press release was issued and filed with the SEC earlier today and is available in the investor section of our website at dynexcapital.com as well as on the SEC's website. We may also reference our earnings presentation during today's call, which is available on our investors page. With that, I'll turn the call over to Smriti for opening remarks. Thank you, Kate, and good morning, everyone. I'm pleased to report a strong performance quarter for Dynex. Our total economic return of 6.4% was achieved alongside healthy capital issuance of nearly $400 million for the quarter. In the first six months of the year, ...