Orchid Island Capital, Inc. (ORC) Form 8-K — Oct 22, 2026
Orchid Island Capital (NYSE: ORC) reported a Q3 2026 net loss of $178.9 million, or $0.90 per share, swinging from net income of $72.1 million a year earlier. The loss was driven by $231.7 million in net realized and unrealized losses on Agency RMBS and derivatives as global rates spiked to levels last seen in the early 2000s. Book value fell $1.20 per share to $6.02, producing a total return of negative 12.47% for the quarter, while adjusted leverage rose to 8.8:1 from 7.4:1 a year ago. The company nonetheless maintained $515.7 million in liquidity, roughly 44% of stockholders' equity, and kept hedge coverage near 100% of funding levels.
Key figures
- Total Return
- -12.47%
- Yield On RMBS
- 5.91%
- Cash Position
- 515700000
- Dividend Per Share
- 0.3
- Book Value Per Share
- 6.02
- Cpr Prepayment Rate
- 8.4%
- Effective Duration
- 4.327
- Net Interest Income
- 59100000
- Shares Outstanding
- 194661864
- Stockholders Equity
- 1171800000
- Adjusted Leverage Ratio
- 8.8:1
- Economic Leverage Ratio
- 8.6:1
- Weighted Avg Borrowing Rate
- 3.99%
- Q3 2025 net income
- 72078000
- Q3 repurchase cost
- 31200000
- Active repo lenders
- 33
- Portfolio fair value
- 10667068000
- Shares repurchased q3
- 4946123
- Liquidity pct of equity
- 44%
- Shares repurchased oct to date
- 1669704
- Remaining buyback authorization
- 19996753
- Q3 weighted avg repurchase price
- 6.3
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.