secwatch.observer — SEC 8-K summary
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Issuer:     Orchid Island Capital, Inc. (ORC)
CIK:        0001518621
Form:       8-K
Filed at:   2026-10-22T20:55:27+00:00
Accession:  0001437749-26-033285
Event type: earnings
Sentiment:  negative
Materiality: 0.82
Item codes: 2.02, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1518621/000143774926033285/0001437749-26-033285-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1518621/000143774926033285/orc20260727_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-033285

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