secwatch.observer — SEC 8-K summary
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Issuer:     Orchid Island Capital, Inc. (ORC)
CIK:        0001518621
Form:       8-K
Filed at:   2025-04-24T23:59:59+00:00
Accession:  0001437749-25-012974
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1518621/000143774925012974/0001437749-25-012974-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1518621/000143774925012974/orc20250108c_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-012974

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