{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-26-033285","form_type":"8-K","ticker":"ORC","cik":"0001518621","company_name":"Orchid Island Capital, Inc.","filed_at":"2026-10-22T20:55:27+00:00","discovered_at":"2026-10-22T20:56:00.208127+00:00","generated_at":"2026-10-22T20:56:05.177173+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.82,"calibrated_materiality_score":0.82,"confidence":"high","headline":"Orchid Island posts Q3 net loss of $178.9M ($0.90/sh) as book value falls $1.20 to $6.02","bullets":["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%."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-26-033285","json":"https://secwatch.observer/filing/0001437749-26-033285.json","markdown":"https://secwatch.observer/filing/0001437749-26-033285.md","text":"https://secwatch.observer/filing/0001437749-26-033285.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1518621/000143774926033285/0001437749-26-033285-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1518621/000143774926033285/orc20260727_8k.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-22T20:56:05.177173+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}