---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-002833"
form_type: "8-K"
ticker: "ORC"
cik: "0001518621"
company_name: "Orchid Island Capital, Inc."
filed_at: "2024-02-01T23:59:59+00:00"
generated_at: "2026-06-06T11:00:04.155829+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-24-002833
- form_type: 8-K
- ticker: ORC
- cik: 0001518621
- company_name: Orchid Island Capital, Inc.
- filed_at: 2024-02-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1518621/000143774924002833/0001437749-24-002833-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1518621/000143774924002833/orc20231129_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-002833
- JSON: https://secwatch.observer/filing/0001437749-24-002833.json
- Plain text: https://secwatch.observer/filing/0001437749-24-002833.txt

## Key facts
- Earnings Releases
  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
  source text: net loss of $39.2 million for the year ended December 31, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1518621/000143774924002833/0001437749-24-002833-index.htm
- Earnings Releases
  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
  source text: Net income of $27.1 million , or $0.52 per common share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1518621/000143774924002833/0001437749-24-002833-index.htm

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