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

Dynex Capital, Inc. ( DX ) Q2 2026 Earnings Call July 20, 2026 10:00 AM EDT Company Participants Smriti L. Popenoe - Co-CEO, President & Director Michael Sartori - Chief Financial Officer Terrence Connelly - Chief Investment Officer Conference Call Participants Bose George - Keefe, Bruyette, & Woods, Inc., Research Division Douglas Harter - BTIG, LLC, Research Division Trevor Cranston - Citizens JMP Securities, LLC, Research Division Jason Weaver - JonesTrading Institutional Services, LLC, Research Division Jason Stewart - Compass Point Research & Trading, LLC, Research Division Presentation Operator Good day, and welcome to the Dynex 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. Kaitlyn Mauritz, Head of Capital Markets and Investor Relations. Please go ahead. Unknown Executive Thank you, operator, and thank you to everyone joining us today for Dynex' 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 T.J. 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 on the Investors 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 on the Investors 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.