secwatch.observer — SEC 8-K summary
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Issuer:     Orchid Island Capital, Inc. (ORC)
CIK:        0001518621
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001437749-24-013237
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1518621/000143774924013237/0001437749-24-013237-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1518621/000143774924013237/orc20240201_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-013237

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