Orchid Island Capital Q4 2023 net income $27.1M ($0.52/share); book value $9.10

Orchid Island Capital, Inc.

Q4 net income $27.1M ($0.52/sh) vs $34.9M in Q4 2022; full year net loss $39.2M.
Book value $9.10 at Dec 31, up from $8.92 at Sep 30; total return 6.05% for Q4.
Portfolio reduced from $4.5B to $3.9B during Q4; leverage ratio 7.9:1.
Net interest spread improved to (0.44)% from (0.93)% in Q3; economic spread 2.35%.
January 2024 dividend declared $0.12/sh; 2023 dividends total $1.80/sh vs $2.475 in 2022.

item 2.02 item 9.01

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 year ended December 31, 2023 results: net income $39.2 million.

Period: the year ended December 31, 2023
Net income: $39.2 million
Result: reported results

Exact text from the filing

net loss of $39.2 million for the year ended December 31, 2023

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Orchid Island Capital, Inc. reported the three month period ended December 31, 2023 results: net income $27.1 million, EPS $0.52 per common share.

Period: the three month period ended December 31, 2023
Net income: $27.1 million
EPS: $0.52 per common share
Result: reported results

Exact text from the filing

Net income of $27.1 million , or $0.52 per common share

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Orchid Island Capital, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-24-002833

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