secwatch.observer — SEC 8-K summary
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Issuer:     Orchid Island Capital, Inc. (ORC)
CIK:        0001518621
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0001437749-23-020912
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1518621/000143774923020912/0001437749-23-020912-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1518621/000143774923020912/orc20230525_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-020912

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer