Orchid Island Capital Q4 2022 net income $34.9M ($0.95/share); book value $11.93

Orchid Island Capital, Inc.

Net income of $34.9M ($0.95 per share) vs net loss of $44.6M in Q4 2021.
Book value per share $11.93, up $0.51 from Q3; total return 8.67% for Q4.
Portfolio reduced to $3.5B from $6.5B; adjusted leverage 7.7x; liquidity $233M.
Net interest spread narrowed to 0.16% from 1.51% in Q3 2022.
Full year 2022 net loss of $258.5M vs $64.8M loss in 2021.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Orchid Island Capital, Inc. reported three and twelve month periods ended December 31, 2022 results: net income Net income of $34.9 million, EPS $0.95 per common share.

Period: three and twelve month periods ended December 31, 2022
Net income: Net income of $34.9 million
EPS: $0.95 per common share
Result: reported results

Exact text from the filing

Orchid Island Capital, Inc. (NYSE:ORC) ("Orchid" or the "Company"), a real estate investment trust ("REIT"), today announced results of operations for the three and twelve month periods ended December 31, 2022. Fourth Quarter 2022 Results ● Net income of $34.9 million , or $0.95 per common share

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Orchid Island Capital, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-23-004426

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