secwatch.observer — SEC 8-K summary
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Issuer:     Orchid Island Capital, Inc. (ORC)
CIK:        0001518621
Form:       8-K
Filed at:   2026-04-23T23:59:59+00:00
Accession:  0001437749-26-013198
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Orchid Island Capital reports Q1 net loss of $20.0M; book value down $0.46 per share
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- Net loss of $20.0M ($0.11 diluted EPS); net interest income of $57.1M ($0.30/share).
- Net realized/unrealized losses of $69.6M on RMBS and derivatives, driven by Middle East war onset.
- Book value per share fell to $7.08 from $7.54; dividend declared $0.36/share for Q1.
- Issued 14.6M shares in Q1 under ATM for $109.5M gross; additional 4M shares post-quarter for $28.2M.
- Liquidity of $759M; adjusted leverage ratio 7.8x; management cites war impact but sees attractive returns ahead.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1518621/000143774926013198/0001437749-26-013198-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1518621/000143774926013198/orc20260401_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-013198

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