{"schema_version":"secwatch.filing_event.v1","accession":"0000826675-26-000114","form_type":"8-K","ticker":"DX","cik":"0000826675","company_name":"DYNEX CAPITAL INC","filed_at":"2026-10-19T12:01:54+00:00","discovered_at":"2026-10-19T12:05:00.331154+00:00","generated_at":"2026-10-19T12:05:04.928003+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.78,"calibrated_materiality_score":0.78,"confidence":"high","headline":"Dynex Q3 2026 book value drops to $10.91 from $12.90; economic return -11.5% on MBS spread widening","bullets":["Book value per common share $10.91 at Sept 30, 2026, down $(1.99) from $12.90 at June 30; total economic return $(1.48) per share, or (11.5)% of beginning book value.","Comprehensive loss $(1.49) per common share and net loss $(1.34) per share; net interest income rose to $101.6M from $93.8M as average interest-earning assets grew 10%.","MBS and other fair value fell $1.50B on wider Agency MBS spreads, partly offset by $790M interest rate swap gains and $377M Treasury futures gains; total net fair value change $(461.1)M.","Portfolio grew 3% to $28.3B on $3.2B of Agency MBS purchases; 99.99% Agency, RMBS 95% ($26.8B) and CMBS 5% ($1.4B); leverage rose to 9.0x from 8.1x.","Raised $384M net capital: $268M common equity via ATM and $116M of 9.375% Series D preferred; dividends declared $0.51/share; liquidity $1.3B, 42% of equity."],"urls":{"canonical":"https://secwatch.observer/filing/0000826675-26-000114","json":"https://secwatch.observer/filing/0000826675-26-000114.json","markdown":"https://secwatch.observer/filing/0000826675-26-000114.md","text":"https://secwatch.observer/filing/0000826675-26-000114.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/826675/000082667526000114/0000826675-26-000114-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/826675/000082667526000114/dx-20261019.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-19T12:05:04.928003+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}