Orchid Island Capital reports Q1 est. BV $9.12, net income $0.38/share, declares $0.12 dividend

Orchid Island Capital, Inc.

Estimated book value per share of $9.12 as of March 31, 2024; total stockholders' equity ~$481.6M.
Estimated GAAP net income $0.38 per share for Q1 2024, including $0.50 per share net realized/unrealized gains.
Estimated total return on equity of 4.2% for Q1 2024.
April 2024 monthly dividend of $0.12 per share, payable May 30, 2024 to holders of record April 30, 2024 (ex-div April 29).
All estimates are preliminary and subject to review by the company's independent registered public accounting firm.

item 2.02 item 8.01 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 quarter ended March 31, 2024 results: net income $0.38 per share.

Period: the quarter ended March 31, 2024
Net income: $0.38 per share
Result: preliminary results

Exact text from the filing

On April 10, 2024, Orchid Island Capital, Inc. (the “Company”) announced its estimated book value of $9.12 per share as of March 31, 2024, certain details of its RMBS portfolio as of March 31, 2024, and estimated GAAP net income per share of $0.38, including an estimated $0.50 per share of net realized and unrealized gains on RMBS and derivative instruments, for the quarter ended March 31, 2024.

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Orchid Island Capital, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-24-011661

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