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Orchid Island Capital, Inc. filings document a mortgage REIT focused on leveraged investments in Agency RMBS. The company’s Form 8-K reports record quarterly results, estimated book value, RMBS portfolio characteristics, monthly dividend declarations, realized and unrealized results on RMBS and derivative instruments, interest rate swap activity, liquidity and repurchase agreement financing.
Proxy filings cover board matters, executive compensation and shareholder voting for the Maryland corporation. The filing record also reflects the company’s REIT distribution framework, common-stock dividend disclosures, externally managed structure through Bimini Advisors, LLC, and recurring risk and governance subjects tied to mortgage securities, leverage and interest-rate exposure.
Orchid Island Capital, Inc. reported the results of its 2026 annual meeting and declared a June 2026 monthly dividend. Stockholders elected six directors, ratified BDO USA, P.C. as auditor for the year ending December 31, 2026, and approved an advisory vote on named executive officer compensation.
Stockholders also recommended holding the executive pay advisory vote every year, and the board adopted this annual frequency. The board declared a June 2026 cash dividend of $0.10 per share, payable on July 30, 2026 to stockholders of record on June 30, 2026, with an ex-dividend date of June 30, 2026.
As of June 9 and May 31, 2026, the company had 200,700,226 common shares outstanding, up from 196,700,226 as of March 31, 2026. As of May 31, 2026, total mortgage assets at fair value were about $11.21 billion, consisting entirely of Agency RMBS, with 52.6% from Fannie Mae and 47.4% from Freddie Mac. Repurchase borrowings totaled about $10.71 billion with a weighted average rate of 3.77% and average maturity of 45 days.
Parker Ava L reported acquisition or exercise transactions in this Form 4 filing.
Orchid Island Capital director Ava L. Parker reported receiving 1,660 Deferred Stock Units, each representing the right to receive one share of common stock. These units were issued at a reference price of $6.95 per unit.
The award reflects Parker’s election to receive the issuer’s monthly dividend in the form of deferred stock units rather than cash. The units are 100% vested but will only be paid out upon a change of control or upon Parker’s death, disability, or separation from service as a director. Following this grant, Parker holds 117,075 Deferred Stock Units.
Orchid Island Capital, Inc. declared a monthly cash dividend for May 2026 of $0.10 per share, payable on June 29, 2026 to common shareholders of record on May 29, 2026, with the same ex-dividend date.
The company states it intends to make regular monthly cash distributions and notes that, to qualify as a REIT, it must distribute at least 90% of its REIT taxable income each year. Orchid Island reports 200,700,226 common shares outstanding as of May 13 and April 30, 2026, compared with 196,700,226 shares as of March 31, 2026.
As of April 30, 2026, Orchid Island’s Agency RMBS portfolio shows total mortgage assets with a fair value of 11,577,434 (thousands) and total borrowings of 10,927,077 (thousands) at a weighted average repo rate of 3.79%. Fannie Mae RMBS represent 5,910,702 (thousands) of fair value, while Freddie Mac RMBS represent 5,418,656 (thousands).
Orchid Island Capital director Ava L. Parker received 1,877 deferred stock units as a grant in an acquisition-type transaction. The units were issued on April 30, 2026 in lieu of the company’s monthly cash dividend, based on a reference price of $7.03 per unit.
Each deferred stock unit represents the right to receive one share of Orchid Island’s common stock. The units are fully vested, and Parker now holds 115,415 deferred stock units. However, these units will only be paid out in shares upon a change of control or upon her death, disability, or separation from service as a director.
Orchid Island Capital, Inc. is asking stockholders to vote at its 2026 annual meeting on June 9, 2026 in Vero Beach, Florida. Items include electing six directors, ratifying BDO USA, P.C. as auditor, approving executive pay on an advisory basis, and choosing an annual say‑on‑pay frequency.
The company highlights a majority‑independent board, a lead independent director, anti‑hedging and minimum ownership policies, and a formal clawback policy. It describes ESG practices, cybersecurity oversight, and a long‑term incentive plan that ties potential bonuses to peer‑relative performance and book value over one‑, three‑ and five‑year periods.
Orchid Island Capital, Inc. reported a net loss of $19.9 million, or $0.11 per share, for the quarter ended March 31, 2026, compared with net income of $17.1 million, or $0.18 per share, a year earlier.
Net interest income rose to $57.1 million from $19.7 million as interest income nearly doubled, but results were pressured by unrealized losses of $116.0 million on mortgage-backed securities, partly offset by $46.3 million gains on derivatives.
Total assets increased to $12.67 billion, including $11.34 billion of mortgage-backed securities funded mainly with $10.86 billion of repurchase agreements. The company issued 14.6 million shares via its at-the-market equity program, raising net proceeds of $107.8 million, and continued its dividend history with 2026 year-to-date cash dividends of $0.46 per share.
Orchid Island Capital, Inc. reported a net loss of $19.955 million for the three months ended March 31, 2026, compared with net income of $17.122 million a year earlier. The loss reflected $69.621 million in net realized and unrealized losses on Agency RMBS and derivative instruments, which more than offset higher net interest income.
Book value per share declined to $7.08 at March 31, 2026 from $7.54 at December 31, 2025, driven by a negative 1.3% economic return as the book value decline exceeded dividends of $0.36 per share. The RMBS portfolio at fair value rose to $11.34 billion, funded mainly by repurchase agreements of $10.86 billion, producing an adjusted leverage ratio of 7.8:1.
Orchid emphasized liquidity of $759.0 million in cash and unpledged securities and an average RMBS yield of 5.75% versus an average cost of funds of 3.84%. Management attributed the quarter’s volatility and spread widening to rapidly changing macro conditions and Middle East conflict, while noting that sector spreads have partially retraced since quarter end.
Orchid Island Capital, Inc. reported preliminary first-quarter 2026 results and declared its April 2026 monthly dividend. The company estimates book value at $7.08 per share as of March 31, 2026 and an estimated GAAP net loss of $0.11 per share for the quarter.
The loss per share includes an estimated $0.37 per share of net realized and unrealized losses on RMBS and derivatives, driving an estimated (1.3)% total return on equity, or a negative total return of $0.10 per share. These amounts are preliminary and will be reviewed by the independent auditor.
The Board declared a $0.10 per share cash dividend for April 2026, payable May 28, 2026 to holders of record on April 30, 2026, after paying total dividends of $0.36 per share during the quarter. As of March 31, 2026, Orchid Island’s RMBS portfolio totaled about $11.6 billion of mortgage assets, primarily Agency pass-through securities.
FILIPPS FRANK P reported acquisition or exercise transactions in this Form 4 filing.
Orchid Island Capital director Frank P. Filipps received a grant of 3,561 deferred stock units. These units are fully vested and each represents the right to receive one share of common stock. They will be paid only upon a change of control or his death, disability, or separation from service as a director. Following the award, he holds 50,289 deferred stock units in total, reflecting routine non-cash director compensation rather than an open-market share purchase or sale.