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Sep 30, 2020
Orchid Island Q3 2020 Earnings Report
Orchid Island Capital reported net income for the third quarter of 2020, driven by net interest income and portfolio gains.
Key Takeaways
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.
Net income was $28.1 million, or $0.42 per common share.
Net interest income totaled $25.2 million, or $0.37 per common share.
Total expenses amounted to $2.8 million, or $0.04 per common share.
Total dividends declared and paid were $0.19 per common share.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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