---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-012974"
form_type: "8-K"
ticker: "ORC"
cik: "0001518621"
company_name: "Orchid Island Capital, Inc."
filed_at: "2025-04-24T23:59:59+00:00"
generated_at: "2026-05-23T06:58:17.262624+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Orchid Island Q1 net income $17.1M; warns of ~8.8% book value decline post-quarter due to tariffs

## Summary
- 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%.

## SEC filing metadata
- accession: 0001437749-25-012974
- form_type: 8-K
- ticker: ORC
- cik: 0001518621
- company_name: Orchid Island Capital, Inc.
- filed_at: 2025-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1518621/000143774925012974/0001437749-25-012974-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1518621/000143774925012974/orc20250108c_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-012974
- JSON: https://secwatch.observer/filing/0001437749-25-012974.json
- Plain text: https://secwatch.observer/filing/0001437749-25-012974.txt

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