Orchid Island Capital reports Q2 net income $10.2M ($0.25/sh); book value $11.16

Orchid Island Capital, Inc.

Net income $10.2M (EPS $0.25) vs net loss $60.1M in Q2 2022; dividend $0.48/sh paid.
Book value per share fell $0.39 to $11.16; total return 0.78% for quarter.
Raised $48.1M via ATM offering; adjusted leverage increased to 8.6x from 6.5x.
Portfolio grew to $4.4B from $4.0B; net interest spread negative 1.07%.
Prepayments 5.3% CPR; liquidity $204.1M (42% of equity).

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Orchid Island Capital, Inc. reported the three month period ended June 30, 2023 results: net income $10.2 million, EPS $0.25 per common share.

Period: the three month period ended June 30, 2023
Net income: $10.2 million
EPS: $0.25 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 month period ended June 30, 2023 . Second Quarter 2023 Results ● Net income of $10.2 million , or $0.25 per common share,

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Orchid Island Capital, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-23-020912

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