---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-004426"
form_type: "8-K"
ticker: "ORC"
cik: "0001518621"
company_name: "Orchid Island Capital, Inc."
filed_at: "2023-02-23T23:59:59+00:00"
generated_at: "2026-06-19T02:29:44.424762+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-23-004426
- form_type: 8-K
- ticker: ORC
- cik: 0001518621
- company_name: Orchid Island Capital, Inc.
- filed_at: 2023-02-23T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1518621/000143774923004426/0001437749-23-004426-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1518621/000143774923004426/orc20221206_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-004426
- JSON: https://secwatch.observer/filing/0001437749-23-004426.json
- Plain text: https://secwatch.observer/filing/0001437749-23-004426.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1518621/000143774923004426/0001437749-23-004426-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.