Loading...
•
Sep 30, 2022
Orchid Island Q3 2022 Earnings Report
Orchid Island Capital experienced a net loss due to turbulent market conditions and changes in monetary policy.
Key Takeaways
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.
Reported a net loss of $84.5 million, or $2.40 per common share.
Net interest income was $14.2 million, or $0.40 per common share.
Declared and paid total dividends of $0.545 per common share for the third quarter.
Maintained a strong liquidity position of $219.6 million in cash and cash equivalents and unpledged RMBS.
Forward Guidance
Company did not provide specific forward guidance in the earnings report.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...