Orchid Island Capital Announces Increase in Stock Repurchase Program Authorization and Estimated Book Value per Share

Orchid Island Capital (NYSE:ORC) increased its stock repurchase authorization by 25,000,000 shares, bringing the total program to 26,612,580 shares, or about 13.3% of current common shares.

Rhea-AI Summary

Orchid Island Capital (NYSE:ORC) increased its stock repurchase authorization by 25,000,000 shares, bringing the total program to 26,612,580 shares, or about 13.3% of current common shares. The company also estimated book value per share at $7.24–$7.28 as of June 18, 2026, up roughly 2.3%–2.8% since March 31, 2026.

Positive

• Share repurchase authorization raised to 26,612,580 shares, about 13.3% of shares outstanding
• Estimated book value per share of $7.24–$7.28 as of June 18, 2026
• Estimated book value per share up about 2.3%–2.8% since March 31, 2026
• Repurchase program has no termination date, providing ongoing capital allocation flexibility

Negative

• Stock repurchase authorization does not obligate Orchid Island Capital to repurchase any shares
• Repurchase program may be suspended or discontinued at the company’s discretion without prior notice
• Book value per share figure is preliminary, unaudited, and may differ from June 30, 2026 actuals
• Company states it has no obligation to update or revise the estimated book value

Argus Jun 23 session

+2.27% close to close Open Argus

Details

News Market Reaction – ORC

In the Jun 23 session, ORC gained 2.27%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement combines a sizable repurchase authorization of up to 26,612,580 shares with an est...

Analysis

This announcement combines a sizable repurchase authorization of up to 26,612,580 shares with an estimated 2.3–2.8% book value per-share increase; investors may watch how aggressively buybacks are deployed given existing shelf capacity and moderate short positioning.

Key Figures

Additional repurchase authorization: 25,000,000 shares Total repurchase authorization: 26,612,580 shares Authorization as % of shares: 13.3% +4 more

Additional repurchase authorization

25,000,000 shares

Incremental capacity added to existing stock repurchase program

Total repurchase authorization

26,612,580 shares

Maximum shares authorized under current repurchase program

Authorization as % of shares

13.3%

Portion of currently outstanding common shares covered by program

Estimated book value per share (low)

$7.24

Estimated as of June 18, 2026

Estimated book value per share (high)

$7.28

Estimated as of June 18, 2026

Book value increase (low end)

2.3%

Change in estimated book value since March 31, 2026

Book value increase (high end)

2.8%

Change in estimated book value since March 31, 2026

Historical Context

5 past events · Latest: Jun 09

5 events

1. Jun 09

   Monthly dividend update

   24h Move

   -1.4%

   Announced June 2026 monthly dividend and updated May RMBS portfolio metrics.

2. May 13

   Monthly dividend update

   24h Move

   -0.6%

   Declared May 2026 dividend and provided April 30 RMBS portfolio characteristics.

3. Apr 23

   Q1 2026 earnings

   24h Move

   +3.1%

   Reported Q1 2026 net loss with RMBS and derivative losses but stable liquidity.

4. Apr 15

   Dividend and prelim Q1

   24h Move

   -7.6%

   Declared April dividend and estimated Q1 loss with book value and ROE impact.

5. Apr 07

   Earnings date notice

   24h Move

   -1.7%

   Scheduled date and call details for upcoming Q1 2026 earnings release.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

rule 10b5-1, exchange act, exchange act rule 10b-18, book value per share

4 terms

rule 10b5-1 regulatory

"or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities Exchange Act"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

exchange act regulatory

"Rule 10b5-1 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)"

A federal law that sets rules for trading securities on public exchanges, requiring companies and market participants to register, disclose regular financial information, and follow standards that promote honest, orderly markets. For investors, it matters because it creates transparency and legal protections—like stopping insider trading and ensuring timely company disclosures—so you can evaluate risks and rely on consistent rules much as players rely on a referee to keep a game fair.

exchange act rule 10b-18 regulatory

"Open market repurchases will be made in accordance with Exchange Act Rule 10b-18, which sets certain restrictions"

Exchange Act Rule 10b-18 is an SEC guideline that gives companies a legally safer way to buy back their own shares on the open market if they follow certain basic limits on timing, size and method. For investors, it matters because it makes company repurchases more predictable and less likely to be treated as manipulative, which can affect supply and demand for the stock, short-term price moves and management’s use of cash.

book value per share financial

"The Company estimated that its current book value per share is approximately $7.24 to $7.28 per share"

Book value per share is a company’s net worth on paper — total assets minus liabilities — divided by the number of outstanding shares, showing the equity value attributable to each share. Investors use it like a per-slice estimate of a company’s underlying value to compare with the market price; if the market price is far above the book value, the stock may be priced for strong future profits, and if it’s below, the stock might look undervalued or reflect asset concerns.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Stock Repurchase Program

VERO BEACH, Fla., June 22, 2026 (GLOBE NEWSWIRE) -- Orchid Island Capital, Inc. (the “Company”) (NYSE: ORC) announced that the Board of Directors of the Company (the “Board”) approved an increase to its previously announced stock repurchase program (the “Repurchase Program”) for up to an additional 25,000,000 shares of the Company’s common stock, which results in a total authorization under the Repurchase Program for up to 26,612,580 shares, representing approximately 13.3% of the Company’s currently outstanding shares of common stock.

As part of the Repurchase Program, shares may be purchased in open market transactions, block purchases, through privately negotiated transactions, or pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Open market repurchases will be made in accordance with Exchange Act Rule 10b-18, which sets certain restrictions on the method, timing, price and volume of open market stock repurchases. The timing, manner, price and amount of repurchases will be determined by the Company in its discretion and will be subject to economic and market conditions, stock price, applicable legal requirements and other factors. The authorization does not obligate the Company to acquire any particular amount of common stock, and the Repurchase Program may be suspended or discontinued at the Company’s discretion without prior notice. The Repurchase Program has no termination date.

Book Value per Share Estimate

The Company estimated that its current book value per share is approximately $7.24 to $7.28 per share as of June 18, 2026.  This represents an increase of approximately 2.3% to 2.8% since March 31, 2026.  The estimated book value in this press release is preliminary, subject to change, and has not been audited or verified by any third party. The Company’s estimated book value at June 18, 2026, may be materially different from its actual book value as of June 30, 2026.  The Company undertakes no obligation to update or revise its estimated book value in this press release.

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 Repurchase Program. 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, 2025. 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.

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

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many shares can Orchid Island Capital (NYSE:ORC) repurchase under its June 2026 buyback?

Orchid Island Capital is authorized to repurchase up to 26,612,580 shares of common stock. According to Orchid Island Capital, this total represents about 13.3% of currently outstanding shares and includes an additional 25,000,000-share increase approved by the board.

What is Orchid Island Capital’s estimated book value per share as of June 18, 2026 (ORC)?

Orchid Island Capital estimates book value per share at $7.24–$7.28 as of June 18, 2026. According to Orchid Island Capital, this range implies an increase of about 2.3%–2.8% compared with book value per share on March 31, 2026.

How much has Orchid Island Capital’s book value per share changed since March 31, 2026?

Orchid Island Capital estimates book value per share increased about 2.3%–2.8% since March 31, 2026. According to Orchid Island Capital, the current estimated range is $7.24–$7.28 per share as of June 18, 2026, based on preliminary, unaudited figures.

Does Orchid Island Capital’s June 2026 stock repurchase authorization guarantee buybacks for ORC shareholders?

The authorization does not guarantee that Orchid Island Capital will repurchase any shares. According to Orchid Island Capital, repurchases depend on market conditions, stock price, legal requirements, and other factors, and the program may be suspended or discontinued at any time without prior notice.

How long will Orchid Island Capital’s expanded stock repurchase program for ORC remain in effect?

Orchid Island Capital’s stock repurchase program currently has no termination date. According to Orchid Island Capital, the timing, price, and amount of any repurchases will be determined at the company’s discretion and the program can be suspended or discontinued without prior notice.

How reliable is Orchid Island Capital’s June 18, 2026 estimated book value per share?

The June 18, 2026 book value estimate is preliminary and unaudited. According to Orchid Island Capital, the estimated book value may differ materially from the actual figure as of June 30, 2026, and the company has no obligation to update this estimate.