Orchid Island Capital Files 8-K Report

TL;DR

ORC filed an 8-K on 10/16/24 with financial updates.

AI Summary

On October 16, 2024, Orchid Island Capital, Inc. filed an 8-K report detailing results of operations, financial condition, and other events. The filing includes financial statements and exhibits, with the company's principal executive offices located at 3305 Flamingo Drive, Vero Beach, Florida.

Why It Matters

This 8-K filing provides crucial updates on Orchid Island Capital's financial performance and operational status, which is important for investors to assess the company's current health and future prospects.

Risk Assessment

Risk Level: low — This filing is a routine 8-K report providing standard financial and operational information, not indicating any immediate or significant new risks.

Key Players & Entities

• Orchid Island Capital, Inc. (company) — Registrant
• 3305 Flamingo Drive, Vero Beach, Florida 32963 (location) — Principal Executive Offices
• October 16, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.01 — registered: Common Stock , par value $0.01 per share ORC NYSE Indicate by che
• $8.40 — ) announced its estimated book value of $8.40 per share as of September 30, 2024, cer
• $0 — estimated GAAP net income per share of $0.24, including an estimated $0.29 per sh
• $0.29 — share of $0.24, including an estimated $0.29 per share of net realized and unrealize
• $0.12 — vidend for the month of October 2024 of $0.12 per share of the Company's common stock

Filing Documents

• orc20241015_8k.htm (8-K) — 26KB
• ex_732767.htm (EX-99.1) — 386KB
• 0001437749-24-031378.txt ( ) — 562KB
• orc-20241016.xsd (EX-101.SCH) — 3KB
• orc-20241016_def.xml (EX-101.DEF) — 11KB
• orc-20241016_lab.xml (EX-101.LAB) — 15KB
• orc-20241016_pre.xml (EX-101.PRE) — 11KB
• orc20241015_8k_htm.xml (XML) — 3KB

02. Results of Operations and Financial Condition

Item 2.02. Results of Operations and Financial Condition. On October 16, 2024, Orchid Island Capital, Inc. (the "Company") announced its estimated book value of $8.40 per share as of September 30, 2024, certain details of its RMBS portfolio as of September 30, 2024, and estimated GAAP net income per share of $0.24, including an estimated $0.29 per share of net realized and unrealized gains on RMBS and derivative instruments, for the quarter ended September 30, 2024. These figures and the estimated book value per share and estimated GAAP net income per share are preliminary, subject to change, and subject to review by the Company's independent registered public accounting firm.

01. Other Events

Item 8.01. Other Events. On October 16, 2024, the Company announced that the Board of Directors of the Company declared a dividend for the month of October 2024 of $0.12 per share of the Company's common stock, to be paid on November 27, 2024 to holders of record on October 31, 2024, with an ex-dividend date of October 31, 2024. In addition, the Company announced certain details of its RMBS portfolio as of September 30, 2024 as well as certain other information regarding the Company. A copy of the Company's press release announcing the dividend and the other information regarding the Company is attached hereto as Exhibit 99.1 and incorporated herein by this reference. Caution About Forward-Looking Statements. This Current Report on Form 8-K contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws, including, but not limited to, statements about the Company's distributions. These forward-looking statements are based upon the Company's present expectations, but the Company cannot assure investors that actual results will not vary from the expectations contained in the forward-looking statements. Investors should not place undue reliance upon forward looking statements. For further discussion of the factors that could affect outcomes, please refer to the "Risk Factors" section of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2023. All forward-looking statements speak only as of the date on which they are made. New risks and uncertainties arise over time, and it is not possible to predict those events or how they may affect the Company. Except as required by law, the Company is not obligated to, and does not intend to, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press Release dated October 16, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

Signatures

Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: October 16, 2024 ORCHID ISLAND CAPITAL, INC. By: /s/ Robert E. Cauley Robert E. Cauley Chairman and Chief Executive Officer

View Full Filing

View this 8-K filing on SEC EDGAR