0000826675-23-000095.txt : 20231023 0000826675-23-000095.hdr.sgml : 20231023 20231023080209 ACCESSION NUMBER: 0000826675-23-000095 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20231023 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20231023 DATE AS OF CHANGE: 20231023 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DYNEX CAPITAL INC CENTRAL INDEX KEY: 0000826675 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 521549373 STATE OF INCORPORATION: VA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09819 FILM NUMBER: 231338555 BUSINESS ADDRESS: STREET 1: 4991 LAKE BROOK DRIVE STREET 2: STE 100 CITY: GLEN ALLEN STATE: VA ZIP: 23060 BUSINESS PHONE: 8042175800 MAIL ADDRESS: STREET 1: 4991 LAKE BROOK DRIVE STREET 2: STE 100 CITY: GLEN ALLEN STATE: VA ZIP: 23060 FORMER COMPANY: FORMER CONFORMED NAME: RESOURCE MORTGAGE CAPITAL INC/VA DATE OF NAME CHANGE: 19930722 FORMER COMPANY: FORMER CONFORMED NAME: RESOURCE MORTGAGE INVESTMENT CORP DATE OF NAME CHANGE: 19930505 FORMER COMPANY: FORMER CONFORMED NAME: RAC MORTGAGE INVESTMENT CORP /VA/ DATE OF NAME CHANGE: 19930505 8-K 1 dx-20231023.htm 8-K dx-20231023
0000826675FALSE00008266752023-10-232023-10-230000826675us-gaap:CommonStockMember2023-10-232023-10-230000826675us-gaap:SeriesCPreferredStockMember2023-10-232023-10-23


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 23, 2023
___________

DYNEX CAPITAL, INC.
(Exact name of registrant as specified in its charter)
Virginia1-981952-1549373
(State or other jurisdiction of incorporation)(Commission File Number)(I.R.S. Employer Identification No.)
4991 Lake Brook Drive, Suite 100
Glen Allen,Virginia23060-9245
(Address of principal executive offices)(Zip Code)
(804)217-5800 
(Registrant’s telephone number, including area code) 
Not Applicable
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading symbol(s)
Name of each exchange on which registered
Common Stock, par value $0.01 per share
DX
New York Stock Exchange
6.900% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, par value $0.01 per shareDXPRCNew York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o


Item 2.02  Results of Operations and Financial Condition.

On October 23, 2023, Dynex Capital, Inc. (the "Company") issued a press release, which is available on its website (www.dynexcapital.com under “Investor Center/News & Market Information”), reporting its financial condition and financial results as of and for the quarter ended September 30, 2023. A copy of the press release is being filed as Exhibit 99.1 to this report and is incorporated by reference into this Item 2.02.

Each of the Exhibits provided with this Form 8-K shall be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.

Item 9.01  Financial Statements and Exhibits.

(d) Exhibits

Exhibit No. Description
 
104Cover Page Interactive Data File (embedded within the Inline XBRL document)




SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


DYNEX CAPITAL, INC.
Date:October 23, 2023By:/s/ Robert S. Colligan
   Robert S. Colligan
   Executive Vice President, Chief Financial Officer, and Secretary
(Principal Financial Officer)



 
 



EX-99.1 2 a3q23earningsrelease.htm EX-99.1 Document

image_0a.jpg

PRESS RELEASE
FOR IMMEDIATE RELEASECONTACT: Alison Griffin
October 23, 2023
(804) 217-5897

DYNEX CAPITAL, INC. ANNOUNCES
THIRD QUARTER 2023 RESULTS

GLEN ALLEN, Va. -- Dynex Capital, Inc. ("Dynex" or the "Company") (NYSE: DX) reported its third quarter 2023 financial results today. Management will host a call today at 10:00 a.m. Eastern Time to discuss the results and business outlook. Details to access the call can be found below under "Earnings Conference Call."
Financial Performance Summary
•Total economic loss of $(1.56) per common share, or (11.0)% of beginning book value, which declined $1.95 to $12.25 as of September 30, 2023
•Dividends declared of $0.39 per common share for the third quarter of 2023
•Comprehensive loss of $(1.59) per common share and net loss of $(0.82) per common share
•Purchased $865.3 million of higher coupon Agency residential mortgage-backed securities ("RMBS") during the third quarter
•Average balance of interest-earning assets increased 34% compared to the second quarter
•Leverage including to-be-announced ("TBA") securities at cost was 8.5 times shareholders' equity as of September 30, 2023

Management Remarks

"The global economy and markets are undergoing a major transition as we move from government balance sheets supporting assets to private capital. We have positioned our shareholders in the most liquid assets which have already experienced a steep price correction. Forward returns are compelling, and we continue to maintain a balanced, liquid and flexible approach to our portfolio," said Byron L. Boston, Chief Executive Officer. "We are managing for the long term during this cycle and are prepared for various scenarios so that we are positioned to capitalize on the return opportunities available in this environment."

Earnings Conference Call
As previously announced, the Company's conference call to discuss these results is today at 10:00 a.m. Eastern Time and may be accessed via telephone in the United States by dialing 1-888-330-2022 and providing the ID 1957092 or by live audio webcast by clicking the "Webcast" button in the “Current Events” section on the homepage of the Company's website (www.dynexcapital.com), which includes a slide presentation. To listen to the
1

live conference call via telephone, please dial in at least 10 minutes before the call begins. An archive of the webcast will be available on the Company's website approximately two hours after the live call ends.

Consolidated Balance Sheets
($s in thousands except per share data)September 30, 2023June 30, 2023December 31, 2022
ASSETS(unaudited)(unaudited)
Cash and cash equivalents$271,168 $300,108 $332,035 
Cash collateral posted to counterparties145,268 132,646 117,842 
Mortgage-backed securities (including pledged of $5,279,554, $4,441,105, and $2,810,957, respectively)
5,583,758 5,059,308 3,112,705 
Due from counterparties— 1,364 10,348 
Derivative assets4,594 174 7,102 
Accrued interest receivable26,756 22,988 15,260 
Other assets, net9,238 9,367 9,942 
Total assets$6,040,782 $5,525,955 $3,605,234 
LIABILITIES AND SHAREHOLDERS’ EQUITY
Liabilities:
Repurchase agreements$5,002,230 $4,201,901 $2,644,405 
Due to counterparties152,955 371,576 4,159 
Derivative liabilities22,029 23,621 22,595 
Cash collateral posted by counterparties— — 435 
Accrued interest payable43,168 33,794 16,450 
Accrued dividends payable9,972 9,440 9,103 
Other liabilities6,082 4,661 6,759 
Total liabilities5,236,436 4,644,993 2,703,906 
Shareholders’ equity:
Preferred stock$107,843 $107,843 $107,843 
Common stock566 542 536 
Additional paid-in capital1,397,268 1,365,484 1,357,514 
Accumulated other comprehensive loss(217,770)(175,996)(181,346)
Accumulated deficit(483,561)(416,911)(383,219)
Total shareholders' equity804,346 880,962 901,328 
Total liabilities and shareholders’ equity$6,040,782 $5,525,955 $3,605,234 
Preferred stock aggregate liquidation preference$111,500 $111,500 $111,500 
Book value per common share$12.25 $14.20 $14.73 
Common shares outstanding56,555,574 54,204,319 53,637,095 



2

Consolidated Comprehensive Statements of Income (Loss) (unaudited)
Nine Months Ended
Three Months Ended
($s in thousands except per share data)September 30, 2023June 30, 2023September 30, 2023
Interest income$63,271 $42,212 $136,329 
Interest expense(65,533)(45,142)(141,983)
Net interest expense(2,262)(2,930)(5,654)
Realized loss on sales of investments, net— (51,601)(74,916)
Unrealized gain on investments, net(179,100)488 (121,491)
Gain (loss) on derivative instruments, net146,953 116,012 195,698 
General and administrative expenses(7,841)(7,197)(22,410)
Other operating expense, net(801)(435)(1,662)
Net (loss) income
(43,051)54,337 (30,435)
Preferred stock dividends(1,923)(1,923)(5,770)
Net (loss) income to common shareholders
$(44,974)$52,414 $(36,205)
Other comprehensive income:
Unrealized loss on available-for-sale investments, net
(41,774)(9,443)$(36,424)
Total other comprehensive loss
(41,774)(9,443)(36,424)
Comprehensive (loss) income to common shareholders
$(86,748)$42,971 $(72,629)
Net (loss) income per common share-basic
$(0.82)$0.97 $(0.67)
Net (loss) income per common share-diluted
$(0.82)$0.96 $(0.67)
Weighted average common shares-basic54,557 54,137 54,175 
Weighted average common shares-diluted54,557 54,585 54,175 
Dividends declared per common share$0.39 $0.39 $1.17 

3


Results Discussion
The Company's total economic loss of $(1.56) per common share was driven by declines in the fair value of its investments as longer-term bond yields rose in the third quarter of 2023 in response to the Federal Reserve's additional increase of 25 basis points in the Federal Funds Target Rate, which is now 5.50%, and the Federal Reserve's signal that interest rates will stay higher for longer. The fair value of the Company's investments were also impacted by wider spreads. Though the derivatives instruments used by the Company to hedge interest rate risk ("interest rate hedges") mitigated some of the impact, losses on assets exceeded the gains on hedging portfolio by $73.9 million.
The following table summarizes the changes in the Company's financial position during the third quarter of 2023:
($s in thousands except per share data)Net Changes in Fair Value
Components of Comprehensive Loss
Common Book Value Rollforward
Per Common Share (1)
Balance as of June 30, 2023 (1)
$769,462 $14.20 
Net interest expense$(2,262)
Operating expenses
(8,642)
Preferred stock dividends(1,923)
Changes in fair value:
MBS and loans$(220,874)
TBAs(69,797)
U.S. Treasury futures210,227 
Options on U.S. Treasury futures6,523 
Total net change in fair value(73,921)
Comprehensive loss to common shareholders
(86,748)(1.59)
Capital transactions:
Net proceeds from stock issuance (2)
31,808 0.03 
Common dividends declared(21,676)(0.39)
Balance as of September 30, 2023 (1)
$692,846 $12.25 
(1)Amounts represent total shareholders' equity less the aggregate liquidation preference of the Company's preferred stock of $111,500.
(2)Net proceeds from common stock issuances include $30.4 million from at-the-market ("ATM") issuances and $1.4 million from amortization of share-based compensation.

4

The following table provides detail on the Company's MBS investments, including TBA securities as of September 30, 2023:
September 30, 2023June 30, 2023
($ in millions)Par Value
Fair Value		% of
Portfolio		Par ValueFair Value% of
Portfolio
30-year fixed rate RMBS:
2.0% coupon$721,068 $555,260 7.8 %$738,366 $607,450 8.5 %
2.5% coupon619,348 498,213 7.0 %634,256 542,554 7.6 %
4.0% coupon361,219 325,009 4.5 %368,367 348,785 4.9 %
4.5% coupon1,356,558 1,252,437 17.5 %1,117,339 1,078,938 15.0 %
5.0% coupon1,883,657 1,782,628 24.9 %1,554,427 1,528,286 21.3 %
5.5% coupon911,842 884,725 12.4 %647,735 647,024 9.0 %
TBA 4.0%262,000 233,446 3.3 %— — — %
TBA 4.5%273,000 250,797 3.5 %357,000 337,357 4.7 %
TBA 5.0%735,000 693,939 9.7 %440,000 422,881 5.9 %
TBA 5.5%200,000 193,359 2.7 %1,102,000 1,079,702 15.0 %
TBA 6.0%
200,000 197,469 2.8 %277,000 275,701 3.8 %
Total Agency RMBS$7,523,692 $6,867,282 96.0 %$7,236,490 $6,868,678 95.7 %
Agency CMBS$121,617 $112,396 1.6 %$121,931 $115,136 1.6 %
Agency CMBS IO
(1)
139,781 1.9 %
(1)
150,328 2.1 %
Non-Agency CMBS IO
(1)
33,206 0.5 %
(1)
40,689 0.6 %
Non-Agency RMBS159 103 — %173 118 — %
  Total$7,645,468 $7,152,769 100.0 %$7,358,593 $7,174,949 100.0 %
(1)CMBS IO do not have underlying par values.

As of September 30, 2023, 96% of the Company's investments were comprised of Agency RMBS, including TBA securities and 4% are Agency CMBS, Agency CMBS IO, and non-Agency CMBS IO. During the third quarter of 2023, the Company purchased $865.3 million of higher coupon Agency RMBS and reduced its holdings of TBA securities by 23%.
The following table provides detail on the Company's repurchase agreement borrowings outstanding as of the dates indicated:
September 30, 2023
June 30, 2023
Remaining Term to MaturityBalanceWeighted
Average Rate		WAVG Original Term to MaturityBalanceWeighted
Average Rate		WAVG Original Term to Maturity
($s in thousands)
Less than 30 days$2,096,037 5.46 %77 $1,069,565 5.27 %50 
30 to 90 days2,374,991 5.44 %102 2,039,943 5.24 %130 
91 to 180 days531,202 5.64 %113 1,092,393 5.30 %175 
Total$5,002,230 5.47 %93 $4,201,901 4.92 %73 
5

The following table provides information about the performance of the Company's MBS (including TBA securities) and repurchase agreement financing for the third quarter of 2023 compared to the prior quarter:
Three Months Ended
September 30, 2023June 30, 2023
($s in thousands)Interest Income/Expense
Average Balance (1)(2)
Effective Yield/
Cost of Funds (3)(4)
Interest Income/Expense
Average Balance (1)(2)
Effective Yield/
Cost of Funds (3)(4)
Agency RMBS$55,654 $5,393,642 4.13 %$34,699 $3,931,617 3.53 %
Agency CMBS946 122,315 3.03 %960 123,843 3.06 %
CMBS IO(5)
2,258 192,797 4.66 %2,241 211,398 4.41 %
Non-Agency MBS and other29 2,272 4.91 %32 2,479 4.93 %
58,887 5,711,026 4.12 %37,932 4,269,337 3.56 %
Cash equivalents4,384 4,280 
Total interest income$63,271 $42,212 
Repurchase agreement financing(65,533)4,773,435 (5.37)%(45,142)3,447,406 (5.18)%
Net interest expense/net interest spread$(2,262)(1.25)%$(2,930)(1.62)%
(1)Average balance for assets is calculated as a simple average of the daily amortized cost and excludes securities pending settlement if applicable.
(2)Average balance for liabilities is calculated as a simple average of the daily borrowings outstanding during the period.
(3)Effective yield is calculated by dividing interest income by the average balance of asset type outstanding during the reporting period. Unscheduled adjustments to premium/discount amortization/accretion, such as for prepayment compensation, are not annualized in this calculation.
(4)Cost of funds is calculated by dividing annualized interest expense by the total average balance of borrowings outstanding during the period with an assumption of 360 days in a year.
(5)CMBS IO ("Interest only") includes Agency and non-Agency issued securities.

Hedging Portfolio
The Company uses derivative instruments to hedge exposure to interest rate risk arising from its investment and financing portfolio, and some of these derivatives are designated as hedges for tax purposes. The table below discloses details on the Company's interest rate hedges as of September 30, 2023, which all have a contractual maturity date in December 2023:
Interest Rate Hedges as of September 30, 2023
Notional Amount
Long (Short)
($s in thousands)
30-year U.S. Treasury futures$(420,000)
10-year U.S. Treasury futures(4,180,000)
5-year U.S. Treasury futures(900,000)
Put options on 10-year U.S. Treasury futures150,000 
6

Comprehensive loss for the third quarter of 2023 included gains of $216.8 million from interest rate hedges, net of realized gains of $203.9 million. Realized gains and losses on interest rate hedges are recognized in GAAP net income in the same reporting period in which the derivative instrument matures or is terminated by the Company, but are not included in the Company's earnings available for distribution ("EAD"), a non-GAAP measure, during any reporting period. On a tax basis, realized gains and losses on derivative instruments designated as hedges for tax purposes are amortized into the Company's REIT taxable income over the original periods hedged by those derivatives. The benefit expected to be recognized in taxable income for the nine months ended September 30, 2023 is estimated to be $56.8 million, or $1.05 per average common share outstanding. The Company's remaining estimated net deferred tax hedge gains from its interest rate hedging portfolio was $830.5 million as of September 30, 2023. These hedge gains will be part of the Company's future distribution requirements along with net interest income and other ordinary gains and losses in future periods.
The table below provides the projected amortization of the Company's net deferred tax hedge gains that may be recognized as taxable income over the periods indicated given conditions known as of September 30, 2023; however, uncertainty inherent in the forward interest rate curve makes future realized gains and losses difficult to estimate, and as such, these projections are subject to change for any given period.
Projected Period of Recognition for Remaining Hedge Gains, NetSeptember 30, 2023
($ in thousands)
Fourth quarter 2023$23,745 
Fiscal year 202497,205 
Fiscal year 202598,915 
Fiscal year 2026 and thereafter610,599 
$830,464 

Non-GAAP Financial Measures
In evaluating the Company’s financial and operating performance, management considers book value per common share, total economic return to common shareholders, and other operating results presented in accordance with GAAP as well as certain non-GAAP financial measures, which include the following: EAD to common shareholders, adjusted net interest income and the related metric adjusted net interest spread. Management believes these non-GAAP financial measures may be useful to investors because they are viewed by management as a measure of the investment portfolio’s return based on the effective yield of its investments, net of financing costs and, with respect to EAD, net of other normal recurring operating income and expenses. Drop income generated by TBA dollar roll positions, which is included in "gain (loss) on derivatives instruments, net" on the Company's consolidated statements of comprehensive income, is included in these non-GAAP financial measures because
7

management views drop income as the economic equivalent of net interest income (interest income less implied financing cost) on the underlying Agency security from trade date to settlement date.
However, these non-GAAP financial measures are not a substitute for GAAP earnings and may not be comparable to similarly titled measures of other REITs because they may not be calculated in the same manner. Furthermore, though EAD is one of several factors management considers in determining the appropriate level of distributions to common shareholders, it should not be utilized in isolation, and it is not an accurate indication of the Company’s REIT taxable income nor its distribution requirements in accordance with the Internal Revenue Code of 1986, as amended.
Reconciliations of the non-GAAP financial measures used in this earnings release to the most directly comparable GAAP financial measures are presented below.
Three Months Ended
($s in thousands except per share data)September 30, 2023June 30, 2023
Comprehensive (loss) income to common shareholders
$(86,748)$42,971 
Less:
Change in fair value of investments, net (1)
220,874 60,556 
Change in fair value of derivative instruments, net (2)
(149,512)(118,164)
EAD to common shareholders$(15,386)$(14,637)
Weighted average common shares54,557 54,137 
EAD per common share$(0.28)$(0.27)
Net interest expense$(2,262)$(2,930)
TBA drop loss (3)
(2,559)(2,152)
Adjusted net interest expense
$(4,821)$(5,082)
General and administrative expenses(7,841)(7,197)
Other operating expense, net(801)(435)
Preferred stock dividends(1,923)(1,923)
EAD to common shareholders$(15,386)$(14,637)
Net interest spread(1.25)%(1.62)%
Impact from TBA drop income (4)
0.16 %0.45 %
Adjusted net interest spread(1.09)%(1.17)%
(1)Amount includes realized and unrealized gains and losses from the Company's MBS.
(2)Amount includes unrealized gains and losses from changes in fair value of derivatives (including TBAs accounted for as derivative instruments) and realized gains and losses on terminated derivatives and excludes TBA drop income.
(3)TBA drop income is calculated by multiplying the notional amount of the TBA dollar roll positions by the difference in price between two TBA securities with the same terms but different settlement dates.
(4)The Company estimates TBA implied net interest spread to be (0.56)% and (0.36)% for the three months ended September 30, 2023 and June 30, 2023, respectively.

8

Forward Looking Statements

This release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. The words “believe,” “expect,” “forecast,” “anticipate,” “estimate,” “project,” “plan,” "may," "could," "will," "continue" and similar expressions identify forward-looking statements that are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Forward-looking statements in this release, including statements made in Mr. Boston's quotes, may include, without limitation, statements regarding the Company's financial performance in future periods, future interest rates, future market credit spreads, management's views on expected characteristics of future investment and macroeconomic environments, central bank strategies, prepayment rates and investment risks, future investment strategies, future leverage levels and financing strategies, the use of specific financing and hedging instruments and the future impacts of these strategies, future actions by the Federal Reserve, and the expected performance of the Company's investments. The Company's actual results and timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements as a result of unforeseen external factors. These factors may include, but are not limited to, ability to find suitable investment opportunities; changes in domestic economic conditions; geopolitical events, such as terrorism, war or other military conflict, including increased uncertainty regarding the war between Russia and the Ukraine and the related impact on macroeconomic conditions as a result of such conflict; changes in interest rates and credit spreads, including the repricing of interest-earning assets and interest-bearing liabilities; the Company’s investment portfolio performance, particularly as it relates to cash flow, prepayment rates and credit performance; the impact on markets and asset prices from changes in the Federal Reserve’s policies regarding purchases of Agency RMBS, Agency CMBS, and U.S. Treasuries; actual or anticipated changes in Federal Reserve monetary policy or the monetary policy of other central banks; adverse reactions in U.S. financial markets related to actions of foreign central banks or the economic performance of foreign economies including in particular China, Japan, the European Union, and the United Kingdom; uncertainty concerning the long-term fiscal health and stability of the United States; the cost and availability of financing, including the future availability of financing due to changes to regulation of, and capital requirements imposed upon, financial institutions; the cost and availability of new equity capital; changes in the Company’s use of leverage; changes to the Company’s investment strategy, operating policies, dividend policy or asset allocations; the quality of performance of third-party servicer providers, including the Company's sole third-party service provider for our critical operations and trade functions; the loss or unavailability of the Company’s third-party service provider’s service and technology that supports critical functions of the Company’s business related to the Company’s trading and borrowing activities due to outages, interruptions, or other failures; the level of defaults by borrowers on loans underlying MBS; changes in the Company’s industry; increased competition; changes in government regulations affecting the Company’s business; changes or volatility in the repurchase agreement financing markets and other credit markets; changes to the market for interest rate swaps and other derivative instruments, including changes to margin requirements on derivative instruments; uncertainty regarding continued government support of the U.S. financial system and U.S. housing and real estate markets, or to reform the U.S. housing finance system including the resolution of the conservatorship of Fannie Mae and Freddie Mac; the composition of the Board of Governors of the Federal Reserve; the political environment in the U.S.; systems failures or cybersecurity incidents; and exposure to current and future claims and litigation. For additional information on risk factors that could affect the Company's forward-looking statements, see the Company's Annual Report on Form 10-K for the year ended December 31, 2022, and other reports filed with and furnished to the Securities and Exchange Commission.

All forward-looking statements are qualified in their entirety by these and other cautionary statements that the Company makes from time to time in its filings with the Securities and Exchange Commission and other public communications. The Company cannot assure the reader that it will realize the results or developments the Company anticipates or, even if substantially realized, that they will result in the consequences or affect the Company or its operations in the way the Company expects. Forward-looking statements speak only as of the date made. The Company undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances arising after the date on which they were made, except as otherwise required by law. As a result of these risks and uncertainties, readers are cautioned not to place undue reliance on any forward-looking statements included herein or that may be made elsewhere from time to time by, or on behalf of, the Company.

9

Company Description
Dynex Capital, Inc. is a financial services company committed to ethical stewardship of stakeholders' capital, employing comprehensive risk management and disciplined capital allocation to generate dividend income and long-term total returns through the diversified financing of real estate assets in the United States. Dynex operates as a REIT and is internally managed to maximize stakeholder alignment. Additional information about Dynex Capital, Inc. is available at www.dynexcapital.com.
###
10
 EX-101.SCH 3 dx-20231023.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 0000001 - Document - Cover link:presentationLink link:calculationLink link:definitionLink EX-101.DEF 4 dx-20231023_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT EX-101.LAB 5 dx-20231023_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT Document Period End Date Document Period End Date Common Stock [Member] Common Stock [Member] Pre-commencement Tender Offer Pre-commencement Tender Offer Class of Stock [Domain] Class of Stock [Domain] Soliciting Material Soliciting Material City Area Code City Area Code Entity Address, Postal Zip Code Entity Address, Postal Zip Code Entity Central Index Key Entity Central Index Key Document [Domain] Document [Domain] Entity Address, City or Town Entity Address, City or Town Security Exchange Name Security Exchange Name Title of 12(b) Security Title of 12(b) Security Written Communications Written Communications Document Information [Line Items] Document Information [Line Items] Local Phone Number Local Phone Number Trading Symbol Trading Symbol Series C Preferred Stock [Member] Series C Preferred Stock [Member] Entity Incorporation, State or Country Code Entity Incorporation, State or Country Code Entity Address, State or Province Entity Address, State or Province Pre-commencement Issuer Tender Offer Pre-commencement Issuer Tender Offer Cover [Abstract] Entity Emerging Growth Company Entity Emerging Growth Company Document Information, Document [Axis] Document Information, Document [Axis] Document Type Document Type Amendment Flag Amendment Flag Class of Stock [Axis] Class of Stock [Axis] Document Information [Table] Document Information [Table] Entity File Number Entity File Number Entity Tax Identification Number Entity Tax Identification Number Entity Address, Address Line One Entity Address, Address Line One Entity Address, Address Line Two Entity Address, Address Line Two Entity Registrant Name Entity Registrant Name EX-101.PRE 6 dx-20231023_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT GRAPHIC 7 image_0a.jpg GRAPHIC begin 644 image_0a.jpg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end XML 8 R1.htm IDEA: XBRL DOCUMENT v3.23.3
Cover
Oct. 23, 2023
Document Information [Line Items]  
Document Type 8-K
Document Period End Date Oct. 23, 2023
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Registrant Name DYNEX CAPITAL, INC.
Entity Incorporation, State or Country Code VA
Entity File Number 1-9819
Entity Tax Identification Number 52-1549373
Entity Address, Address Line One 4991 Lake Brook Drive, Suite 100
Entity Address, Address Line Two 4991 Lake Brook Drive, Suite 100
Entity Address, City or Town Glen Allen,
Entity Address, State or Province VA
Entity Address, Postal Zip Code 23060-9245
City Area Code (804)
Local Phone Number 217-5800
Entity Emerging Growth Company false
Entity Central Index Key 0000826675
Amendment Flag false
Common Stock [Member]  
Document Information [Line Items]  
Title of 12(b) Security Common Stock, par value $0.01 per share
Trading Symbol DX
Security Exchange Name NYSE
Series C Preferred Stock [Member]  
Document Information [Line Items]  
Title of 12(b) Security 6.900% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, par value $0.01 per share
Trading Symbol DXPRC
Security Exchange Name NYSE
XML 9 dx-20231023_htm.xml IDEA: XBRL DOCUMENT 0000826675 2023-10-23 2023-10-23 0000826675 us-gaap:CommonStockMember 2023-10-23 2023-10-23 0000826675 us-gaap:SeriesCPreferredStockMember 2023-10-23 2023-10-23 0000826675 false 8-K 2023-10-23 DYNEX CAPITAL, INC. VA 1-9819 52-1549373 4991 Lake Brook Drive, Suite 100 4991 Lake Brook Drive, Suite 100 Glen Allen, VA 23060-9245 (804) 217-5800 false false false false Common Stock, par value $0.01 per share DX NYSE 6.900% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, par value $0.01 per share DXPRC NYSE false EXCEL 10 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end XML 11 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 12 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 13 FilingSummary.xml IDEA: XBRL DOCUMENT 3.23.3 html 3 23 1 false 2 0 false 0 false false R1.htm 0000001 - Document - Cover Sheet http://www.dynexcapital.com/role/Cover Cover Cover 1 false false All Reports Book All Reports dx-20231023.htm dx-20231023.xsd dx-20231023_def.xml dx-20231023_lab.xml dx-20231023_pre.xml http://xbrl.sec.gov/dei/2023 true false JSON 15 MetaLinks.json IDEA: XBRL DOCUMENT { "version": "2.2", "instance": { "dx-20231023.htm": { "nsprefix": "dx", "nsuri": "http://www.dynexcapital.com/20231023", "dts": { "inline": { "local": [ "dx-20231023.htm" ] }, "schema": { "local": [ "dx-20231023.xsd" ], "remote": [ "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd", "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd", "http://www.xbrl.org/2003/xl-2003-12-31.xsd", "http://www.xbrl.org/2003/xlink-2003-12-31.xsd", "http://www.xbrl.org/2005/xbrldt-2005.xsd", "http://www.xbrl.org/2006/ref-2006-02-27.xsd", "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd", "https://www.xbrl.org/2020/extensible-enumerations-2.0.xsd", "https://www.xbrl.org/dtr/type/2020-01-21/types.xsd", "https://www.xbrl.org/dtr/type/2022-03-31/types.xsd", "https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd", "https://xbrl.fasb.org/srt/2023/elts/srt-roles-2023.xsd", "https://xbrl.fasb.org/srt/2023/elts/srt-types-2023.xsd", "https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd", "https://xbrl.fasb.org/us-gaap/2023/elts/us-roles-2023.xsd", "https://xbrl.fasb.org/us-gaap/2023/elts/us-types-2023.xsd", "https://xbrl.sec.gov/country/2023/country-2023.xsd", "https://xbrl.sec.gov/dei/2023/dei-2023.xsd" ] }, "definitionLink": { "local": [ "dx-20231023_def.xml" ] }, "labelLink": { "local": [ "dx-20231023_lab.xml" ] }, "presentationLink": { "local": [ "dx-20231023_pre.xml" ] } }, "keyStandard": 23, "keyCustom": 0, "axisStandard": 1, "axisCustom": 0, "memberStandard": 2, "memberCustom": 0, "hidden": { "total": 2, "http://xbrl.sec.gov/dei/2023": 2 }, "contextCount": 3, "entityCount": 1, "segmentCount": 2, "elementCount": 32, "unitCount": 0, "baseTaxonomies": { "http://xbrl.sec.gov/dei/2023": 26 }, "report": { "R1": { "role": "http://www.dynexcapital.com/role/Cover", "longName": "0000001 - Document - Cover", "shortName": "Cover", "isDefault": "true", "groupType": "document", "subGroupType": "", "menuCat": "Cover", "order": "1", "firstAnchor": { "contextRef": "c-1", "name": "dei:DocumentType", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "div", "body", "html" ], "reportCount": 1, "baseRef": "dx-20231023.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "c-1", "name": "dei:DocumentType", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "div", "body", "html" ], "reportCount": 1, "baseRef": "dx-20231023.htm", "first": true, "unique": true } } }, "tag": { "dei_EntityAddressStateOrProvince": { "xbrltype": "stateOrProvinceItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityAddressStateOrProvince", "presentation": [ "http://www.dynexcapital.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Address, State or Province", "label": "Entity Address, State or Province", "documentation": "Name of the state or province." } } }, "auth_ref": [] }, "dei_DocumentDomain": { "xbrltype": "domainItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "DocumentDomain", "presentation": [ "http://www.dynexcapital.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Document [Domain]", "label": "Document [Domain]", "documentation": "Type of the document as assigned by the filer, corresponding to SEC document naming convention standards." } } }, "auth_ref": [] }, "dei_SecurityExchangeName": { "xbrltype": "edgarExchangeCodeItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "SecurityExchangeName", "presentation": [ "http://www.dynexcapital.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Security Exchange Name", "label": "Security Exchange Name", "documentation": "Name of the Exchange on which a security is registered." } } }, "auth_ref": [ "r2" ] }, "dei_EntityFileNumber": { "xbrltype": "fileNumberItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityFileNumber", "presentation": [ "http://www.dynexcapital.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Entity File Number", "label": "Entity File Number", "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen." } } }, "auth_ref": [] }, "dei_SolicitingMaterial": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "SolicitingMaterial", "presentation": [ "http://www.dynexcapital.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Soliciting Material", "label": "Soliciting Material", "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act." } } }, "auth_ref": [ "r5" ] }, "dei_DocumentInformationLineItems": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "DocumentInformationLineItems", "presentation": [ "http://www.dynexcapital.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Document Information [Line Items]", "label": "Document Information [Line Items]", "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table." } } }, "auth_ref": [] }, "us-gaap_ClassOfStockDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "ClassOfStockDomain", "presentation": [ "http://www.dynexcapital.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Class of Stock [Domain]", "label": "Class of Stock [Domain]" } } }, "auth_ref": [] }, "dei_EntityEmergingGrowthCompany": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityEmergingGrowthCompany", "presentation": [ "http://www.dynexcapital.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Emerging Growth Company", "label": "Entity Emerging Growth Company", "documentation": "Indicate if registrant meets the emerging growth company criteria." } } }, "auth_ref": [ "r1" ] }, "dei_DocumentType": { "xbrltype": "submissionTypeItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "DocumentType", "presentation": [ "http://www.dynexcapital.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Document Type", "label": "Document Type", "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'." } } }, "auth_ref": [] }, "dei_PreCommencementTenderOffer": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "PreCommencementTenderOffer", "presentation": [ "http://www.dynexcapital.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Pre-commencement Tender Offer", "label": "Pre-commencement Tender Offer", "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act." } } }, "auth_ref": [ "r4" ] }, "us-gaap_StatementClassOfStockAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "StatementClassOfStockAxis", "presentation": [ "http://www.dynexcapital.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Class of Stock [Axis]", "label": "Class of Stock [Axis]" } } }, "auth_ref": [] }, "us-gaap_CommonStockMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "CommonStockMember", "presentation": [ "http://www.dynexcapital.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Common Stock [Member]", "label": "Common Stock [Member]" } } }, "auth_ref": [] }, "dei_EntityAddressPostalZipCode": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityAddressPostalZipCode", "presentation": [ "http://www.dynexcapital.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Address, Postal Zip Code", "label": "Entity Address, Postal Zip Code", "documentation": "Code for the postal or zip code" } } }, "auth_ref": [] }, "dei_EntityRegistrantName": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityRegistrantName", "presentation": [ "http://www.dynexcapital.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Registrant Name", "label": "Entity Registrant Name", "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC." } } }, "auth_ref": [ "r1" ] }, "dei_EntityAddressAddressLine1": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityAddressAddressLine1", "presentation": [ "http://www.dynexcapital.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Address, Address Line One", "label": "Entity Address, Address Line One", "documentation": "Address Line 1 such as Attn, Building Name, Street Name" } } }, "auth_ref": [] }, "dei_PreCommencementIssuerTenderOffer": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "PreCommencementIssuerTenderOffer", "presentation": [ "http://www.dynexcapital.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Pre-commencement Issuer Tender Offer", "label": "Pre-commencement Issuer Tender Offer", "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act." } } }, "auth_ref": [ "r3" ] }, "dei_EntityTaxIdentificationNumber": { "xbrltype": "employerIdItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityTaxIdentificationNumber", "presentation": [ "http://www.dynexcapital.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Tax Identification Number", "label": "Entity Tax Identification Number", "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS." } } }, "auth_ref": [ "r1" ] }, "dei_LocalPhoneNumber": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "LocalPhoneNumber", "presentation": [ "http://www.dynexcapital.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Local Phone Number", "label": "Local Phone Number", "documentation": "Local phone number for entity." } } }, "auth_ref": [] }, "dei_EntityAddressAddressLine2": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityAddressAddressLine2", "presentation": [ "http://www.dynexcapital.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Address, Address Line Two", "label": "Entity Address, Address Line Two", "documentation": "Address Line 2 such as Street or Suite number" } } }, "auth_ref": [] }, "dei_AmendmentFlag": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "AmendmentFlag", "presentation": [ "http://www.dynexcapital.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Amendment Flag", "label": "Amendment Flag", "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission." } } }, "auth_ref": [] }, "dei_Security12bTitle": { "xbrltype": "securityTitleItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "Security12bTitle", "presentation": [ "http://www.dynexcapital.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Title of 12(b) Security", "label": "Title of 12(b) Security", "documentation": "Title of a 12(b) registered security." } } }, "auth_ref": [ "r0" ] }, "us-gaap_SeriesCPreferredStockMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "SeriesCPreferredStockMember", "presentation": [ "http://www.dynexcapital.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Series C Preferred Stock [Member]", "label": "Series C Preferred Stock [Member]" } } }, "auth_ref": [] }, "dei_DocumentPeriodEndDate": { "xbrltype": "dateItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "DocumentPeriodEndDate", "presentation": [ "http://www.dynexcapital.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Document Period End Date", "label": "Document Period End Date", "documentation": "For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD." } } }, "auth_ref": [] }, "dei_WrittenCommunications": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "WrittenCommunications", "presentation": [ "http://www.dynexcapital.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Written Communications", "label": "Written Communications", "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act." } } }, "auth_ref": [ "r6" ] }, "dei_DocumentInformationTable": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "DocumentInformationTable", "presentation": [ "http://www.dynexcapital.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Document Information [Table]", "label": "Document Information [Table]", "documentation": "Container to support the formal attachment of each official or unofficial, public or private document as part of a submission package." } } }, "auth_ref": [] }, "dei_EntityIncorporationStateCountryCode": { "xbrltype": "edgarStateCountryItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityIncorporationStateCountryCode", "presentation": [ "http://www.dynexcapital.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Incorporation, State or Country Code", "label": "Entity Incorporation, State or Country Code", "documentation": "Two-character EDGAR code representing the state or country of incorporation." } } }, "auth_ref": [] }, "dei_CityAreaCode": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "CityAreaCode", "presentation": [ "http://www.dynexcapital.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "City Area Code", "label": "City Area Code", "documentation": "Area code of city" } } }, "auth_ref": [] }, "dei_EntityAddressCityOrTown": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityAddressCityOrTown", "presentation": [ "http://www.dynexcapital.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Address, City or Town", "label": "Entity Address, City or Town", "documentation": "Name of the City or Town" } } }, "auth_ref": [] }, "dei_EntityCentralIndexKey": { "xbrltype": "centralIndexKeyItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityCentralIndexKey", "presentation": [ "http://www.dynexcapital.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Entity Central Index Key", "label": "Entity Central Index Key", "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK." } } }, "auth_ref": [ "r1" ] }, "dei_DocumentInformationDocumentAxis": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "DocumentInformationDocumentAxis", "presentation": [ "http://www.dynexcapital.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Document Information, Document [Axis]", "label": "Document Information, Document [Axis]", "documentation": "The axis of a table defines the relationship between the domain members or categories in the table and the line items or concepts that complete the table." } } }, "auth_ref": [] }, "dei_TradingSymbol": { "xbrltype": "tradingSymbolItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "TradingSymbol", "presentation": [ "http://www.dynexcapital.com/role/Cover" ], "lang": { "en-us": { "role": { "terseLabel": "Trading Symbol", "label": "Trading Symbol", "documentation": "Trading symbol of an instrument as listed on an exchange." } } }, "auth_ref": [] }, "dei_CoverAbstract": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "CoverAbstract", "lang": { "en-us": { "role": { "label": "Cover [Abstract]", "documentation": "Cover page." } } }, "auth_ref": [] } } } }, "std_ref": { "r0": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Number": "240", "Section": "12", "Subsection": "b" }, "r1": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Number": "240", "Section": "12", "Subsection": "b-2" }, "r2": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Number": "240", "Section": "12", "Subsection": "d1-1" }, "r3": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Number": "240", "Section": "13e", "Subsection": "4c" }, "r4": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Number": "240", "Section": "14d", "Subsection": "2b" }, "r5": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Section": "14a", "Number": "240", "Subsection": "12" }, "r6": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Securities Act", "Number": "230", "Section": "425" } } } ZIP 16 0000826675-23-000095-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0000826675-23-000095-xbrl.zip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end