Orchid Island Capital posted strong Q4 2025 results, driven by net gains on RMBS and derivative instruments and a robust liquidity position.

Orchid Island Capital experienced a turbulent second quarter in 2025, primarily due to market volatility from reciprocal tariffs and the passage of the One Big Beautiful Bill Act. The company reported a net loss of $33.6 million, or $0.29 per common share, largely driven by net realized and unrealized losses on RMBS and derivative instruments. Despite the challenges, the company maintained a strong liquidity position and believes it is well-positioned to capture attractive returns in the Agency RMBS market.

Orchid Island Capital, Inc. announced its first quarter 2025 results, with net income reaching $17.1 million, or $0.18 per common share. The company maintained a strong liquidity position and generated attractive returns from its Agency RMBS investment strategy amidst stable interest rates and low volatility for most of the quarter.

Orchid Island Capital reported a net income of $19.8 million, or $0.38 per common share, for the first quarter of 2024. The company's book value per common share was $9.12 at the end of the quarter. The total return for the quarter was 4.18%, including a dividend of $0.36 per common share.

Orchid Island Capital reported a net income of $27.1 million for Q4 2023, with a book value per common share of $9.10. The company strategically reduced leverage and adjusted its portfolio in response to market volatility, which led to an increase in book value and a total return of 6.05% for the quarter.

Orchid Island Capital reported a net loss of $80.1 million, or $1.68 per common share, for the third quarter of 2023. The company's book value per common share was $8.92 at the end of the quarter. The results were impacted by net interest expense and net realized and unrealized losses on RMBS and derivative instruments.

Orchid Island Capital reported a net income of $10.2 million, or $0.25 per common share, for the second quarter of 2023. The company increased its Agency RMBS portfolio and maintained a liquidity position of $204.1 million. They raised approximately $48 million of new capital in the second quarter and deployed the proceeds into higher coupon, low pay-up specified pools and hedged these positions predominantly with swaps.

Orchid Island Capital announced its first quarter 2023 results, reporting a net income of $3.5 million, or $0.09 per common share. The company's book value per common share was $11.55 at the end of the quarter. The total return for the quarter was 0.84%, which included a dividend of $0.48 per common share.

Orchid Island Capital reported a net income of $34.9 million, or $0.95 per common share, for the fourth quarter of 2022. The company's book value per common share was $11.93 at the end of the quarter, and the total return was 8.67%.

Orchid Island Capital reported a net loss of $84.5 million for the third quarter of 2022, driven by net realized and unrealized losses on RMBS and derivative instruments. The company's book value per common share was $11.42 at the end of the quarter. Orchid maintained a strong liquidity position with $219.6 million in cash and cash equivalents and unpledged RMBS.

Orchid Island Capital reported a net loss of $60.1 million for the second quarter of 2022, driven by net realized and unrealized losses of $82.3 million on RMBS and derivative instruments. Despite the loss, the company believes its portfolio is well-positioned for the second half of 2022 due to favorable convexity and the potential for outperformance in Agency RMBS.

Orchid Island Capital reported a net loss of $148.7 million for the first quarter of 2022, driven by net realized and unrealized losses on RMBS and derivative instruments. The company strategically reduced its portfolio size and repositioned its hedge positions to navigate the challenging market conditions.

Orchid Island Capital reported a net loss of $44.6 million for the fourth quarter of 2021, driven by net realized and unrealized losses on RMBS and derivative instruments. However, net interest income increased, and the company maintained a strong liquidity position.

Orchid Island Capital reported a net income of $26.0 million, or $0.20 per common share, for the three month period ended September 30, 2021. The company's book value per common share was $4.77 at the end of the quarter.

Orchid Island Capital reported a net loss of $16.9 million for the second quarter of 2021, or $0.17 per common share. The results were impacted by net realized and unrealized losses on RMBS and derivative instruments. The company raised approximately $125 million of additional capital during the quarter and strategically deployed the proceeds into higher coupon, specified pools and interest only securities.

Orchid Island Capital reported a net loss of $29.4 million, or $0.34 per common share, for the first quarter of 2021. The results were impacted by net realized and unrealized losses on RMBS and derivative instruments, although net interest income contributed positively. The company's book value per common share stood at $4.94 at the end of the quarter.

Orchid Island Capital announced net income of $16.5 million for Q4 2020. The company focused on maximizing returns by shifting its portfolio into lower coupon securities and leveraging the TBA dollar roll market. They also raised $36.1 million through an at-the-market program, which was accretive to earnings.

Orchid Island Capital announced positive results for Q3 2020, with a net income of $28.1 million, or $0.42 per common share, a significant increase compared to the net loss in Q3 2019. The company's book value per share was $5.44 at the end of the quarter.

Orchid Island Capital reported a net income of $48.8 million for the second quarter of 2020, a significant increase compared to the $3.5 million reported in the same period last year, driven by net interest income and net portfolio gains.

Orchid Island Capital reported a net loss of $91.2 million for the first quarter of 2020, primarily due to net realized and unrealized losses on RMBS and derivative instruments resulting from the COVID-19 pandemic's impact on financial markets. The company sold approximately $1.8 billion of RMBS and terminated interest rate swap positions to maintain liquidity and satisfy margin calls. Despite the losses, Orchid Island Capital maintained sufficient cash and liquidity and intends to continue paying monthly cash dividends.

Orchid Island Capital reported a net income of $18.6 million for the fourth quarter of 2019, a significant improvement compared to the net loss of $26.4 million in the same period of 2018. The company benefited from net interest income of $17.5 million and net portfolio gains of $3.8 million. The allocation to the PT RMBS portfolio increased to approximately 80%.