{"schema_version":"secwatch.filing_event.v1","accession":"0000826675-23-000054","form_type":"8-K","ticker":"DX","cik":"0000826675","company_name":"DYNEX CAPITAL INC","filed_at":"2023-04-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.370870+00:00","generated_at":"2026-06-16T20:29:36.832134+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Dynex Capital Q1 net loss $0.81/sh, book value falls to $13.80 from $14.73","bullets":["Comprehensive loss of $(0.54) per common share; net loss $(0.81) per share.","Book value per common share $13.80, down $0.93 from Dec 31, 2022 due to banking sector turmoil.","Net interest expense $(0.5)M vs prior-quarter net interest income $6.2M; leverage rose to 7.8x.","Liquidity >$554M in cash and unencumbered assets; dividends declared $0.39/common share.","Realized $89M in interest rate hedge gains in Feb 2023, but fair value losses on hedges drove overall loss."],"urls":{"canonical":"https://secwatch.observer/filing/0000826675-23-000054","json":"https://secwatch.observer/filing/0000826675-23-000054.json","markdown":"https://secwatch.observer/filing/0000826675-23-000054.md","text":"https://secwatch.observer/filing/0000826675-23-000054.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/826675/000082667523000054/0000826675-23-000054-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/826675/000082667523000054/dx-20230424.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T20:29:36.832134+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ca44b1b2d3968d7ddd56d6fb710cf1a7f875eea4","claim":"DYNEX CAPITAL INC reported the quarter ended March 31, 2023 results: EPS $(0.81) per common share.","evidence_excerpt":"e of $13.80 as of March 31, 2023 • Dividends declared of $0.39 per common share for the first quarter of 2023 • Total economic loss of $(0.54) per common share, or (3.7)% of beginning book value • Comprehensive loss of $(0.54) per common share and net loss of $(0.81) per common share • Liquidity in excess of $554 million in cash and unencumbered assets • Leverage including to-be-announced (\"TBA\") securities at cost was 7.8 times shareholders' equity Management Remarks “Our portfolio decisions are a testament to our unwavering commitment to financial prudence and strategic planning, enabling us to confidently navigate through the current market,\" said Byron L.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/826675/000082667523000054/0000826675-23-000054-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2023"},{"label":"EPS","value":"$(0.81) per common share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}