Dynex Capital, Inc. reported its financial results for the fourth quarter and full year ended December 31, 2024. For the fourth quarter, the company recorded net income to common shareholders of $49.163 million, or $0.61 per basic common share. Net interest income for the quarter was $6.887 million.
As of December 31, 2024, the company's book value per common share stood at $12.70, reflecting a slight decrease from the previous quarter. The total economic return for the fourth quarter was 1.0%, and the leverage ratio was 7.9 times. Average earning assets for the period reached $9.6 billion.
The investment portfolio's fair value was $9.8 billion as of year-end 2024, with 98% of the portfolio consisting of Agency RMBS. The company also reported projected amortization of tax hedge gains of $22.0 million for the fourth quarter of 2024, contributing to its overall financial position.
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