{"schema_version":"secwatch.filing_event.v1","accession":"0001518621-22-000108","form_type":"8-K","ticker":"ORC","cik":"0001518621","company_name":"Orchid Island Capital, Inc.","filed_at":"2022-10-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:50.951113+00:00","generated_at":"2026-06-23T00:01:38.532144+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Orchid Island Capital Q3 net loss $84.5M ($2.40/sh); book value drops to $11.42","bullets":["Net loss of $84.5M ($2.40 diluted EPS); net interest income $14.2M but realized/unrealized losses of $93.5M on RMBS and derivatives.","Book value per share fell from $14.36 (June 30) to $11.42; estimated further decline to $10.60-$10.70 as of Oct 26.","Net interest spread narrowed to 1.51% from 2.51% in Q2 as repo borrowing costs rose to 2.48% from 0.80%.","Portfolio reduced to $3.2B from $6.5B since Dec 2021; leverage 8.5x; liquidity $219.6M (54% of equity).","Corrected prior 8-K: share repurchase authorization total is 6,183,601 shares (18% of outstanding), not 5,046,499."],"urls":{"canonical":"https://secwatch.observer/filing/0001518621-22-000108","json":"https://secwatch.observer/filing/0001518621-22-000108.json","markdown":"https://secwatch.observer/filing/0001518621-22-000108.md","text":"https://secwatch.observer/filing/0001518621-22-000108.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1518621/000151862122000108/0001518621-22-000108-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1518621/000151862122000108/orc8k20221027.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-23T00:01:38.532144+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"}