---
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"
generated_at: "2026-10-22T20:56:05.177173+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.82
calibrated_materiality_score: 0.82
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.82
- calibrated_materiality_score: 0.82
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-033285
- JSON: https://secwatch.observer/filing/0001437749-26-033285.json
- Plain text: https://secwatch.observer/filing/0001437749-26-033285.txt

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