---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-020912"
form_type: "8-K"
ticker: "ORC"
cik: "0001518621"
company_name: "Orchid Island Capital, Inc."
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-13T00:23:59.712103+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001437749-23-020912
- form_type: 8-K
- ticker: ORC
- cik: 0001518621
- company_name: Orchid Island Capital, Inc.
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1518621/000143774923020912/0001437749-23-020912-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1518621/000143774923020912/orc20230525_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-020912
- JSON: https://secwatch.observer/filing/0001437749-23-020912.json
- Plain text: https://secwatch.observer/filing/0001437749-23-020912.txt

## Key facts
- Earnings Releases
  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
  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 month period ended June 30, 2023 . Second Quarter 2023 Results ● Net income of $10.2 million , or $0.25 per common share,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1518621/000143774923020912/0001437749-23-020912-index.htm

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