Orchid Island Capital Announces Estimated Third Quarter 2025 Results, October 2025 Monthly Dividend and September 30, 2025 RMBS Portfolio Characteristics
Orchid Island Capital (NYSE: ORC) announced an October 2025 monthly cash dividend of $0.12 per share payable November 26, 2025 to holders of record October 31, 2025. The company reported an estimated book value per share of $7.33 as of September 30, 2025 based on approximately $1,086.1 million in preliminary total stockholders' equity and 148,239,401 shares outstanding.
The company estimated GAAP net income of $0.53 per share for Q3 2025, including $0.37 per share of net realized and unrealized gains on RMBS and derivatives, and an estimated total return on equity of 6.6% for the quarter. All figures are preliminary and subject to review.
Orchid Island Capital (NYSE: ORC) ha annunciato un dividendo mensile in contanti di ottobre 2025 di $0,12 per azione pagabile il 26 novembre 2025 per i detentori registrati al 31 ottobre 2025. L'azienda ha riportato una valore contabile per azione stimato di $7,33 al 30 settembre 2025 basato su circa $1.086,1 milioni di patrimonio netto iniziale e 148.239.401 azioni in circolazione.
L'azienda stima un utile netto GAAP di $0,53 per azione per il terzo trimestre 2025, includendo $0,37 per azione di plusvalenze realizzate e non realizzate su RMBS e derivati, e un rendimento totale sull'equity stimato del 6,6% per il trimestre. Tutte le cifre sono preliminari e soggette a revisione.
Orchid Island Capital (NYSE: ORC) anunció un dividendo en efectivo mensual de octubre de 2025 de $0.12 por acción pagadero el 26 de noviembre de 2025 a los accionistas registrados al 31 de octubre de 2025. La compañía informó un valor contable por acción estimado de $7.33 al 30 de septiembre de 2025 basado en aproximadamente $1.086,1 millones en patrimonio total preliminar de los accionistas y 148.239.401 acciones en circulación.
La empresa estimó un ingreso neto GAAP de $0.53 por acción para el tercer trimestre de 2025, incluyendo $0.37 por acción de ganancias netas realizadas y no realizadas en RMBS y derivados, y un rendimiento total sobre el patrimonio estimado del 6,6% para el trimestre. Todas las cifras son preliminares y están sujetas a revisión.
Orchid Island Capital (NYSE: ORC)는 2025년 10월의 월간 현금 배당금이 주당 미화 0.12달러로 2025년 11월 26일에 지급되며, 2025년 10월 31일 기준으로 주주 명부에 등재된 주주에게 지급된다고 발표했습니다. 회사는 2025년 9월 30일 기준 주당 장부가치 추정치가 7.33달러이며, 이는 약 1,086.1백만 달러의 예비 총 주주 자본과 148,239,401주 발행주식에 기초한 것입니다.
또한 회사는 2025년 3분기 GAAP 순이익을 주당 0.53달러로 추정했으며, 이는 주당 0.37달러의 RMBS 및 파생상품에 대한 순실현 및 미실현 이익을 포함하고, 분기에 대한 주주자본에 대한 총 수익률 6.6%를 예상합니다. 모든 수치는 예비적이며 검토 대상입니다.
Orchid Island Capital (NYSE: ORC) a annoncé un dividende mensuel en numéraire d'octobre 2025 de 0,12 $ par action payable le 26 novembre 2025 aux détenteurs inscrits au 31 octobre 2025. L'entreprise a déclaré une valeur comptable par action estimée de 7,33 $ au 30 septembre 2025 basée sur environ 1 086,1 millions de dollars d'actifs propres totaux préliminaires et 148 239 401 actions en circulation.
L'entreprise estimait un résultat net GAAP de 0,53 $ par action pour le troisième trimestre 2025, incluant 0,37 $ par action de gains nets réalisés et latents sur les RMBS et les dérivés, et un rendement total sur fonds propres estimé de 6,6% pour le trimestre. Toutes les valeurs sont préliminaires et sujettes à révision.
Orchid Island Capital (NYSE: ORC) kündigte eine monatliche Bardividende für Oktober 2025 von 0,12 USD je Aktie zahlbar am 26. November 2025 an die Inhaber, die am 31. Oktober 2025 registriert sind. Das Unternehmen meldete einen geschätzten Buchwert pro Aktie von 7,33 USD zum 30. September 2025 basierend auf ca. 1.086,1 Mio. USD vorläufigem Eigenkapital der Aktionäre und 148.239.401 Aktien im Umlauf.
Das Unternehmen schätzte einen GAAP-Nettoeinkommen von 0,53 USD pro Aktie für das Q3 2025, einschließlich 0,37 USD pro Aktie an realisierten und unrealisieren Gewinnen aus RMBS und Derivaten, sowie eine voraussichtliche Gesamtrendite auf Eigenkapital von 6,6% für das Quartal. Alle Zahlen sind vorläufig und dem Review unterlegen.
Orchid Island Capital (NYSE: ORC) أعلنت عن توزيعات نقدية شهرية لشهر أكتوبر 2025 قدرها 0.12 دولار للسهم قابلة للدفع في 26 نوفمبر 2025 للمساهمين المسجلين في 31 أكتوبر 2025. وأفادت الشركة بوجود قيمة دفتري للسهم مقدرة بنحو 7.33 دولار كما في 30 سبتمبر 2025 استناداً إلى حوالي 1,086.1 مليون دولار من حقوق المساهمين الأولية و148,239,401 سهم قائم.
قدرت الشركة صافي دخل GAAP بقيمة 0.53 دولار للسهم للربع الثالث من 2025، بما في ذلك 0.37 دولار للسهم من الأرباح المحققة وغير المحققة على RMBS والمشتقات، وتوقع عائد إجمالي على حقوق المساهمين مقداره 6.6% للربع. جميع الأرقام أولية وخاضعة للمراجعة.
Orchid Island Capital (NYSE: ORC) 宣布了一个 2025年10月的每月现金股息为每股0.12美元,将于2025年11月26日支付,面向登记在案的股东截至2025年10月31日。公司报告了一个 截至2025年9月30日的每股账面价值估算为7.33美元,基于约10.8611亿美元的初步股东权益总额和148,239,401股在外流通。
公司预计2025年第三季度的 按GAAP计算的每股净利润为0.53美元,其中包含 0.37美元/每股 的在 RMBS 和衍生品上的净实现与未实现收益,以及一个季度的 对股本的总回报率估计为6.6%。所有数字均为初步数据,需进一步审阅。
- Monthly dividend declared of $0.12 per share
- Estimated book value per share of $7.33 as of Sep 30, 2025
- Estimated GAAP net income of $0.53 per share for Q3 2025
- Estimated net gains of $0.37 per share from RMBS and derivatives
- Estimated total ROE of 6.6% for the quarter ended Sep 30, 2025
- Shares outstanding increased to 148,239,401 from 126,566,926 on Jun 30, 2025 (+17.1%), indicating dilution
Insights
Orchid Island reports preliminary Q3 metrics: steady monthly dividend, modest book value gain, and estimated quarter ROE of
Business mechanism: The company declared the October monthly dividend of
Dependencies and risks: These figures are preliminary and explicitly subject to change pending review by the independent registered public accounting firm, so final financials and tax‑basis REIT income may differ. The company notes differences between GAAP net income and REIT taxable income and warns it has not established a minimum distribution level and is not guaranteed to continue distributions. Also, outstanding share counts rose between
What to watch: Confirmed audited book value and net income after the accounting review, the next dividend announcement on
- October 2025 Monthly Dividend of
$0.12 Per Share of Common Stock - Estimated Book Value Per Share as of September 30, 2025 of
$7.33 - Estimated GAAP net income of
$0.53 per share for the quarter ended September 30, 2025, including an estimated$0.37 per share of net realized and unrealized gains on RMBS and derivative instruments - Estimated
6.6% total return on equity for the quarter ended September 30, 2025 - Estimated book value, net income and total return on equity amounts are preliminary, subject to change, and subject to review by the Company’s independent registered public accounting firm
- RMBS Portfolio Characteristics as of September 30, 2025
- Next Dividend Announcement Expected November 12, 2025
VERO BEACH, Fla., Oct. 15, 2025 (GLOBE NEWSWIRE) -- Orchid Island Capital, Inc. (the “Company”) (NYSE: ORC) announced today that the Board of Directors of the Company declared a monthly cash dividend for the month of October 2025. The dividend of
The Company intends to make regular monthly cash distributions to its holders of common stock. In order to qualify as a real estate investment trust (“REIT”), the Company must distribute annually to its stockholders an amount at least equal to
As of October 15, 2025, the Company has 151,711,940 shares of common stock outstanding. As of September 30, 2025, the Company had 148,239,401 shares of common stock outstanding. As of June 30, 2025, the Company had 126,566,926 shares of common stock outstanding.
Estimated September 30, 2025 Book Value Per Share
The Company’s estimated book value per share as of September 30, 2025 was
Estimated Net Income Per Share and Realized and Unrealized Gains on RMBS and Derivative Instruments
The Company estimates it generated a net income per share of
Estimated Total Return on Equity
The Company’s estimated total return on equity for the quarter ended September 30, 2025 was
RMBS Portfolio Characteristics
Details of the RMBS portfolio as of September 30, 2025 are presented below. These figures are preliminary and subject to change and, with respect to figures that will appear in the Company’s financial statements and associated footnotes as of and for the quarter ended September 30, 2025, are subject to review by the Company’s independent registered public accounting firm:
- RMBS Valuation Characteristics
- RMBS Assets by Agency
- Investment Company Act of 1940 (Whole Pool) Test Results
- Repurchase Agreement Exposure by Counterparty
- RMBS Risk Measures
About Orchid Island Capital, Inc.
Orchid Island Capital, Inc. is a specialty finance company that invests on a leveraged basis in Agency RMBS. Our investment strategy focuses on, and our portfolio consists of, two categories of Agency RMBS: (i) traditional pass-through Agency RMBS, such as mortgage pass-through certificates and collateralized mortgage obligations issued by Fannie Mae, Freddie Mac or Ginnie Mae, and (ii) structured Agency RMBS. The Company is managed by Bimini Advisors, LLC, a registered investment adviser with the Securities and Exchange Commission.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements include, but are not limited to, statements about the Company’s distributions. These forward-looking statements are based upon Orchid Island Capital, Inc.’s present expectations, but these statements are not guaranteed to occur. 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, 2024.
RMBS Valuation Characteristics | |||||||||||||||||||||||||||||||||||||||||||||||
($ in thousands) | |||||||||||||||||||||||||||||||||||||||||||||||
Realized | |||||||||||||||||||||||||||||||||||||||||||||||
Realized | Jul-25 - | ||||||||||||||||||||||||||||||||||||||||||||||
Sep-25 | Sep-25 | ||||||||||||||||||||||||||||||||||||||||||||||
Net | Weighted | CPR | CPR | ||||||||||||||||||||||||||||||||||||||||||||
Weighted | Average | (1-Month) | (3-Month) | Modeled Interest | |||||||||||||||||||||||||||||||||||||||||||
Current | Fair | % of | Current | Average | Maturity | (Reported | (Reported | Rate Sensitivity (1) | |||||||||||||||||||||||||||||||||||||||
Type | Face | Value | Portfolio | Price | Coupon | GWAC | Age | (Months) | in Oct) | in Oct) | (-50 BPS) | (+50 BPS) | |||||||||||||||||||||||||||||||||||
Fixed Rate RMBS | |||||||||||||||||||||||||||||||||||||||||||||||
15yr 5.0 TBA | $ | 250,000 | $ | 252,715 | 2.94 | % | 101.09 | 5.00 | % | 5.84 | % | 5 | 173 | n/a | n/a | $ | 2,828 | $ | (3,460 | ) | |||||||||||||||||||||||||||
15yr Total | 250,000 | 252,715 | 2.94 | % | 101.09 | 5.00 | % | 5.84 | % | 5 | 173 | n/a | n/a | 2,828 | (3,460 | ) | |||||||||||||||||||||||||||||||
30yr 3.0 | $ | 834,430 | $ | 748,807 | 8.70 | % | 89.74 | 3.00 | % | 3.48 | % | 55 | 297 | 7.2 | % | 7.3 | % | $ | 21,717 | $ | (21,982 | ) | |||||||||||||||||||||||||
30yr 3.5 | 162,600 | 151,190 | 1.76 | % | 92.98 | 3.50 | % | 4.04 | % | 67 | 279 | 4.9 | % | 8.4 | % | 4,077 | (4,125 | ) | |||||||||||||||||||||||||||||
30yr 4.0 | 156,219 | 148,920 | 1.73 | % | 95.33 | 4.00 | % | 4.70 | % | 53 | 302 | 9.5 | % | 8.4 | % | 3,745 | (3,920 | ) | |||||||||||||||||||||||||||||
30yr 4.5 | 278,735 | 272,292 | 3.16 | % | 97.69 | 4.50 | % | 5.44 | % | 39 | 317 | 8.6 | % | 11.1 | % | 5,499 | (6,127 | ) | |||||||||||||||||||||||||||||
30yr 5.0 | 447,224 | 446,473 | 5.19 | % | 99.83 | 5.00 | % | 5.93 | % | 32 | 323 | 6.2 | % | 8.2 | % | 8,557 | (9,859 | ) | |||||||||||||||||||||||||||||
30yr 5.5 | 1,835,701 | 1,870,044 | 21.72 | % | 101.87 | 5.50 | % | 6.45 | % | 11 | 345 | 6.3 | % | 6.1 | % | 28,021 | (35,803 | ) | |||||||||||||||||||||||||||||
30yr 6.0 | 2,804,917 | 2,892,624 | 33.60 | % | 103.13 | 6.00 | % | 6.94 | % | 12 | 344 | 9.7 | % | 10.0 | % | 28,122 | (40,190 | ) | |||||||||||||||||||||||||||||
30yr 6.5 | 1,488,120 | 1,553,110 | 18.04 | % | 104.37 | 6.50 | % | 7.39 | % | 15 | 340 | 13.9 | % | 13.5 | % | 9,806 | (15,382 | ) | |||||||||||||||||||||||||||||
30yr 7.0 | 245,769 | 258,440 | 3.00 | % | 105.16 | 7.00 | % | 7.94 | % | 23 | 328 | 28.2 | % | 24.3 | % | 1,782 | (2,261 | ) | |||||||||||||||||||||||||||||
30yr Total | 8,253,715 | 8,341,900 | 96.90 | % | 101.07 | 5.51 | % | 6.39 | % | 21 | 334 | 9.7 | % | 10.1 | % | 111,326 | (139,649 | ) | |||||||||||||||||||||||||||||
Total Pass-Through RMBS | 8,503,715 | 8,594,615 | 99.84 | % | 101.07 | 5.50 | % | 6.37 | % | 20 | 329 | 9.7 | % | 10.1 | % | 114,154 | (143,109 | ) | |||||||||||||||||||||||||||||
Structured RMBS | |||||||||||||||||||||||||||||||||||||||||||||||
IO 20yr 4.0 | 5,743 | 473 | 0.01 | % | 8.23 | 4.00 | % | 4.57 | % | 164 | 70 | 11.6 | % | 12.5 | % | 2 | (2 | ) | |||||||||||||||||||||||||||||
IO 30yr 3.0 | 2,391 | 318 | 0.00 | % | 13.28 | 3.00 | % | 3.64 | % | 128 | 222 | 1.5 | % | 10.6 | % | (1 | ) | (1 | ) | ||||||||||||||||||||||||||||
IO 30yr 4.0 | 65,885 | 12,316 | 0.14 | % | 18.70 | 4.00 | % | 4.60 | % | 133 | 218 | 9.9 | % | 7.7 | % | (286 | ) | 181 | |||||||||||||||||||||||||||||
IO 30yr 4.5 | 2,862 | 553 | 0.01 | % | 19.31 | 4.50 | % | 4.99 | % | 183 | 164 | 9.1 | % | 7.2 | % | (7 | ) | 3 | |||||||||||||||||||||||||||||
IO 30yr 5.0 | 1,503 | 314 | 0.00 | % | 20.87 | 5.00 | % | 5.37 | % | 183 | 164 | 19.0 | % | 12.2 | % | (6 | ) | 3 | |||||||||||||||||||||||||||||
IO Total | 78,384 | 13,974 | 0.16 | % | 17.83 | 4.01 | % | 4.59 | % | 138 | 204 | 10.0 | % | 8.2 | % | (298 | ) | 184 | |||||||||||||||||||||||||||||
IIO 30yr 4.0 | 18,392 | 206 | 0.00 | % | 1.12 | 0.00 | % | 4.40 | % | 96 | 252 | 0.6 | % | 7.7 | % | 115 | (81 | ) | |||||||||||||||||||||||||||||
Total Structured RMBS | 96,776 | 14,180 | 0.16 | % | 14.65 | 3.25 | % | 4.56 | % | 130 | 213 | 8.2 | % | 8.1 | % | (183 | ) | 103 | |||||||||||||||||||||||||||||
Total Mortgage Assets | $ | 8,600,491 | $ | 8,608,795 | 100.00 | % | 5.47 | % | 6.35 | % | 22 | 328 | 9.7 | % | 10.1 | % | $ | 113,971 | $ | (143,006 | ) | ||||||||||||||||||||||||||
Hedge | Modeled Interest | ||||||||||||
Notional | Period | Rate Sensitivity (1) | |||||||||||
Hedge | Balance | End | (-50 BPS) | (+50 BPS) | |||||||||
3-Month SOFR Futures | $ | (390,000 | ) | Sep-26 | $ | (3,413 | ) | $ | 3,413 | ||||
5-Year Treasury Future(2) | (562,500 | ) | Dec-25 | (11,785 | ) | 11,521 | |||||||
10-Year Treasury Future(3) | (228,500 | ) | Dec-25 | (7,529 | ) | 7,351 | |||||||
10-Year Ultra Treasury Future(4) | (197,500 | ) | Dec-25 | (8,938 | ) | 8,507 | |||||||
5-Year ERIS SOFR Swap Futures | (10,000 | ) | Dec-25 | (234 | ) | 226 | |||||||
Swaps | (3,943,300 | ) | Feb-31 | (97,663 | ) | 94,426 | |||||||
TBA Short | (282,000 | ) | Oct-25 | (3,295 | ) | 4,628 | |||||||
Hedge Total | $ | (5,613,800 | ) | $ | (132,857 | ) | $ | 130,072 | |||||
Rate Shock Grand Total | $ | (18,886 | ) | $ | (12,934 | ) |
(1) | Modeled results from Citigroup Global Markets Inc. Yield Book. Interest rate shocks assume instantaneous parallel shifts and horizon prices are calculated assuming constant SOFR option-adjusted spreads. These results are for illustrative purposes only and actual results may differ materially. |
(2) | Five-year Treasury futures contracts were valued at prices of |
(3) | Ten-year Treasury futures contracts were valued at prices of |
(4) | Ten-year Ultra futures contracts were valued at prices of |
RMBS Assets by Agency | |||||||
($ in thousands) | |||||||
Percentage | |||||||
Fair | of | ||||||
Asset Category | Value | Portfolio | |||||
As of September 30, 2025 | |||||||
Fannie Mae | $ | 4,741,968 | 56.7 | % | |||
Freddie Mac | 3,614,112 | 43.3 | % | ||||
Total Mortgage Assets | $ | 8,356,080 | 100.0 | % | |||
Investment Company Act of 1940 Whole Pool Test | |||||||
($ in thousands) | |||||||
Percentage | |||||||
Fair | of | ||||||
Asset Category | Value | Portfolio | |||||
As of September 30, 2025 | |||||||
Non-Whole Pool Assets | $ | 654,750 | 7.8 | % | |||
Whole Pool Assets | 7,701,330 | 92.2 | % | ||||
Total Mortgage Assets | $ | 8,356,080 | 100.0 | % | |||
Borrowings By Counterparty | |||||||||||||||||
($ in thousands) | |||||||||||||||||
Weighted | Weighted | ||||||||||||||||
% of | Average | Average | |||||||||||||||
Total | Total | Repo | Maturity | Longest | |||||||||||||
As of September 30, 2025 | Borrowings | Debt | Rate | in Days | Maturity | ||||||||||||
J.P. Morgan Securities LLC | $ | 511,662 | 6.4 | % | 4.34 | % | 20 | 10/23/2025 | |||||||||
Citigroup Global Markets Inc | 437,979 | 5.5 | % | 4.42 | % | 34 | 12/1/2025 | ||||||||||
DV Securities, LLC Repo | 389,984 | 4.9 | % | 4.37 | % | 36 | 11/25/2025 | ||||||||||
ABN AMRO Bank N.V. | 377,931 | 4.7 | % | 4.25 | % | 42 | 12/15/2025 | ||||||||||
Wells Fargo Securities, LLC | 371,202 | 4.6 | % | 4.45 | % | 14 | 10/28/2025 | ||||||||||
The Bank of Nova Scotia | 369,533 | 4.6 | % | 4.39 | % | 20 | 10/23/2025 | ||||||||||
Merrill Lynch, Pierce, Fenner & Smith | 362,023 | 4.5 | % | 4.34 | % | 70 | 2/13/2026 | ||||||||||
ASL Capital Markets Inc. | 359,654 | 4.5 | % | 4.16 | % | 126 | 9/21/2026 | ||||||||||
Bank of Montreal | 358,926 | 4.5 | % | 4.38 | % | 30 | 11/28/2025 | ||||||||||
South Street Securities, LLC | 344,604 | 4.3 | % | 4.31 | % | 81 | 8/27/2026 | ||||||||||
Goldman, Sachs & Co | 337,376 | 4.2 | % | 4.34 | % | 27 | 10/29/2025 | ||||||||||
StoneX Financial Inc. | 332,143 | 4.1 | % | 4.30 | % | 20 | 10/20/2025 | ||||||||||
Mirae Asset Securities (USA) Inc. | 331,786 | 4.1 | % | 4.29 | % | 35 | 11/13/2025 | ||||||||||
Daiwa Securities America Inc. | 329,915 | 4.1 | % | 4.17 | % | 135 | 3/23/2026 | ||||||||||
Cantor Fitzgerald & Co | 319,230 | 4.0 | % | 4.34 | % | 25 | 10/27/2025 | ||||||||||
Clear Street LLC | 307,707 | 3.8 | % | 4.35 | % | 20 | 10/31/2025 | ||||||||||
Marex Capital Markets Inc. | 302,480 | 3.8 | % | 4.32 | % | 31 | 12/11/2025 | ||||||||||
RBC Capital Markets, LLC | 298,220 | 3.7 | % | 4.27 | % | 56 | 11/25/2025 | ||||||||||
ING Financial Markets LLC | 291,011 | 3.6 | % | 4.32 | % | 17 | 10/17/2025 | ||||||||||
Banco Santander SA | 265,981 | 3.3 | % | 4.38 | % | 16 | 10/16/2025 | ||||||||||
MUFG Securities Canada, Ltd. | 255,958 | 3.2 | % | 4.38 | % | 8 | 10/8/2025 | ||||||||||
Mitsubishi UFJ Securities (USA), Inc. | 246,210 | 3.1 | % | 4.44 | % | 16 | 10/20/2025 | ||||||||||
Mizuho Securities USA LLC | 207,561 | 2.6 | % | 4.34 | % | 23 | 10/27/2025 | ||||||||||
Nomura Securities International, Inc. | 158,100 | 2.0 | % | 4.41 | % | 14 | 10/14/2025 | ||||||||||
Natixis, New York Branch | 104,895 | 1.3 | % | 4.34 | % | 29 | 10/29/2025 | ||||||||||
Lucid Prime Fund, LLC | 34,907 | 0.4 | % | 4.34 | % | 16 | 10/16/2025 | ||||||||||
Total Borrowings | $ | 8,006,978 | 100.0 | % | 4.33 | % | 39 | 9/21/2026 | |||||||||

Contact: Orchid Island Capital, Inc. Robert E. Cauley 3305 Flamingo Drive, Vero Beach, Florida 32963 Telephone: (772) 231-1400