---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-013237"
form_type: "8-K"
ticker: "ORC"
cik: "0001518621"
company_name: "Orchid Island Capital, Inc."
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T07:54:09.926670+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Orchid Island Capital Q1 2024 net income $19.8M ($0.38/sh); book value $9.12

## Summary
- Net income $19.8M ($0.38 per share) vs $3.5M in Q1 2023.
- Dividends declared $0.36 per share; book value per share $9.12.
- Net interest expense $2.5M; total expenses $3.7M.
- Adjusted leverage ratio 7.7x; liquidity $215.7M (45% of equity).
- Prepayment rate (CPR) 6.0% for Q1 2024.

## SEC filing metadata
- accession: 0001437749-24-013237
- form_type: 8-K
- ticker: ORC
- cik: 0001518621
- company_name: Orchid Island Capital, Inc.
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1518621/000143774924013237/0001437749-24-013237-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1518621/000143774924013237/orc20240201_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-013237
- JSON: https://secwatch.observer/filing/0001437749-24-013237.json
- Plain text: https://secwatch.observer/filing/0001437749-24-013237.txt

## Key facts
- Earnings Releases
  Orchid Island Capital, Inc. reported first quarter 2024 results: net income $19.8 million, EPS $0.38 per common share.
  - Period: first quarter 2024
  - Net income: $19.8 million
  - EPS: $0.38 per common share
  - Result: reported results
  source text: First Quarter 2024 Results ● Net income of $19.8 million , or $0.38 per common share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1518621/000143774924013237/0001437749-24-013237-index.htm

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