Orchid Island posts Q3 net loss of $178.9M ($0.90/sh) as book value falls $1.20 to $6.02

Orchid Island Capital, Inc.

Net loss of $178.9M, or $0.90 per common share, versus net income of $72.1M a year earlier; net interest income $59.1M ($0.30/sh) and total expenses $6.3M.
Net realized and unrealized losses of $231.7M ($1.17/sh) on Agency RMBS and derivatives as benchmark Treasury yields reached levels last seen in the early 2000s.
Book value $6.02 at September 30, 2026, down $1.20; total return of (12.47)%; Q3 dividends of $0.30/sh paid; October 14 declaration of $0.10/sh payable November 27, 2026.
Repurchased 4.95M shares in Q3 at a $6.30 average ($31.2M) plus 1.67M in October at $5.05; portfolio $10.67B with duration 4.327 versus 2.513 at year-end 2025.
Liquidity $515.7M (about 44% of equity); repo balances $10.4B at 3.99% across 33 lenders; adjusted leverage 8.8:1; CPR 8.4% vs 10.9% in Q2; hedge coverage near 100%.

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