earnings
confidence high
sentiment negative
materiality 0.75
Orchid Island Q1 net income $17.1M; warns of ~8.8% book value decline post-quarter due to tariffs
Orchid Island Capital, Inc.
- Net income $17.1M ($0.18/share) vs $19.8M in Q1 2024; dividends paid $0.36/share.
- Book value per share $7.94 at Mar 31, down $0.15 from Dec 31; post-quarter BV fell ~8.8% by Apr 17.
- Raised $121.7M net via ATM equity offering in Feb-Apr 2025; repurchased 1.1M shares post-quarter at avg $6.52.
- Adjusted leverage 7.5x; liquidity $446.5M; portfolio reduced ~8% post-quarter due to tariff-driven market stress.
- Prepayment rate 7.8% CPR; weighted average portfolio coupon 5.30%.