---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-028065"
form_type: "8-K"
ticker: "ORC"
cik: "0001518621"
company_name: "Orchid Island Capital, Inc."
filed_at: "2023-10-11T23:59:59+00:00"
generated_at: "2026-06-10T01:37:48.855022+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Orchid Island Capital Q3 estimated net loss $1.68 per share; book value $8.92; declares $0.12 dividend

## Summary
- Estimated GAAP net loss of $1.68 per share for Q3 2023, including $1.40 in net realized/unrealized losses on RMBS and derivatives.
- Estimated book value per share as of Sept 30, 2023: $8.92, down from $11.16 at June 30, 2023 (implied drop).
- Estimated total return on equity of (15.8)% for the quarter.
- October monthly dividend of $0.12 per share, payable Nov 28 to holders of record Oct 31, ex-div Oct 30.
- Shares outstanding increased to 52.3M (Sept 30) from 43.9M (June 30) — a 19% increase.

## SEC filing metadata
- accession: 0001437749-23-028065
- form_type: 8-K
- ticker: ORC
- cik: 0001518621
- company_name: Orchid Island Capital, Inc.
- filed_at: 2023-10-11T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1518621/000143774923028065/0001437749-23-028065-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1518621/000143774923028065/orc20231011_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-028065
- JSON: https://secwatch.observer/filing/0001437749-23-028065.json
- Plain text: https://secwatch.observer/filing/0001437749-23-028065.txt

## Key facts
- Earnings Releases
  Orchid Island Capital, Inc. reported the quarter ended September 30, 2023 results: net income estimated GAAP net loss per share of $1.68, including an estimated $1.40 per share of net realized and unrealized losses.
  - Period: the quarter ended September 30, 2023
  - Net income: estimated GAAP net loss per share of $1.68, including an estimated $1.40 per share of net realized and unrealized losses
  - Result: preliminary results
  source text: On October 11, 2023, Orchid Island Capital, Inc. (the “Company”) announced its estimated book value of $8.92 per share as of September 30, 2023, certain details of its RMBS portfolio as of September 30, 2023, and estimated GAAP net loss per share of $1.68, including an estimated $1.40 per share of net realized and unrealized losses on RMBS and derivative instruments, for the quarter ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1518621/000143774923028065/0001437749-23-028065-index.htm

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