secwatch.observer — SEC 8-K summary
======================================

Issuer:     Orchid Island Capital, Inc. (ORC)
CIK:        0001518621
Form:       8-K
Filed at:   2024-02-01T23:59:59+00:00
Accession:  0001437749-24-002833
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1518621/000143774924002833/0001437749-24-002833-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1518621/000143774924002833/orc20231129_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-002833

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