earnings
confidence high
sentiment neutral
materiality 0.55
Orchid Island Capital Q4 2024 net income $0.07/shr; book value $8.09, down $0.31
Orchid Island Capital, Inc.
- Q4 net income of $5.6M ($0.07/shr); full-year net income $37.8M ($0.57/shr) vs net loss of $39.2M in 2023.
- Book value per share $8.09 at Dec 31, 2024, decreased $0.31 during Q4; total return 0.60% for Q4.
- Net interest spread turned positive to 0.40% in Q4 (vs -0.19% in Q3) as borrowing costs fell.
- Total RMBS portfolio $5.25B, up 35% YoY; leverage ratio 7.5x; liquidity $353.6M (53% of equity).
- Monthly dividend maintained at $0.12/shr, payable Feb 27, 2025; full-year 2024 dividends $1.44/shr.