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. director Ava L. Parker acquired 2,548 deferred stock units on October 29, 2026, issued in lieu of the company’s monthly dividend pursuant to her election. The reported transaction price was $5.03 per share, and Parker held 136,472 deferred stock units following the transaction. Each unit represents a right to receive one common share. The units are 100% vested but become payable only upon the earlier of a change of control or Parker’s death, disability, or separation from service as a director.
Orchid Island Capital, Inc. (ORC) reported a third-quarter 2026 net loss of $178.9 million, versus net income of $72.1 million in the year-earlier quarter; for the nine months ended September 30, 2026, it recorded a net loss of $109.7 million versus net income of $55.6 million. Third-quarter interest income was $164.1 million and net interest income was $59.1 million, compared with $108.4 million and $26.9 million, respectively, in 2025. A $567.1 million unrealized loss on mortgage-backed securities and $335.4 million in derivative gains accompanied a $172.6 million net portfolio loss for the quarter.
At September 30, 2026, mortgage-backed securities had a fair value of $10.7 billion and repurchase agreements totaled $10.4 billion. Net cash provided by operating activities was $195.3 million for the nine months, versus $72.2 million in 2025. During that period, the company issued 18,558,681 shares through its at-the-market program for approximately $137.7 million in gross proceeds and $135.5 million in net proceeds after commissions and fees, and repurchased 6,052,680 shares for approximately $38.5 million. After September 30, it repurchased 1,669,704 shares for approximately $8.4 million.
Orchid Island Capital, Inc. (ORC) reported a $178.9 million net loss, or a $0.90 loss per share, for the three months ended September 30, 2026, compared with net income of $72.1 million, or $0.53 per share, a year earlier. Net interest income was $59.1 million versus $26.9 million. For the nine months ended September 30, net loss was $109.7 million, compared with net income of $55.6 million in 2025. Book value per share decreased $1.20 during the quarter to $6.02, reflecting a $0.90 per-share net loss and a $0.30 dividend.
At September 30, liquidity was $515.7 million in cash and cash equivalents and unpledged securities, and adjusted leverage was 8.8:1. Orchid repurchased 4,946,123 shares during the quarter at a weighted average price of $6.30. After quarter-end, it repurchased 1,669,704 shares at $5.05 per share; remaining authorization was 19,996,753 shares as of October 22, 2026.
Management said hedge notional balances were increased to near 100% coverage and hedge duration extended as market conditions deteriorated. It reported using asset sales of less than $400 million and retaining monthly pay-downs to limit leverage expansion.
Orchid Island Capital, Inc. (ORC) declared a $0.10 per-share cash dividend for October 2026, payable November 27, 2026, to common stockholders of record October 30, 2026; October 30 is also the ex-dividend date. The company plans to announce its next common-stock dividend November 10, 2026.
For the quarter ended September 30, 2026, ORC estimated a $0.90 GAAP net loss per share, including $1.17 per share of net realized and unrealized losses on RMBS and derivative instruments, and a (12.5)% total return on equity. Estimated book value was $6.02 per share as of September 30, with preliminary stockholders’ equity of approximately $1.2 billion. These estimates are preliminary, subject to change and review by the company’s independent registered public accounting firm.
As of September 30, the portfolio table listed total mortgage assets at a fair value of $10.765592 billion and total borrowings of $10.361717 billion, with a 3.99% weighted average repo rate and 26-day weighted average maturity. The company states it has no minimum distribution level and is not assured it can make future distributions.
Orchid Island Capital, Inc. director Ava L. Parker received 5,755 deferred stock units on October 1, 2026, and 2,183 on September 30, 2026. The September 30 units were issued in lieu of the monthly dividend pursuant to Parker’s election; each deferred stock unit represents the right to receive one common share.
Paula Morabito, a director of Orchid Island Capital, Inc. (ORC), received a grant of 5,755 deferred stock units on October 1, 2026, bringing her directly held balance to 61,441 deferred stock units. Each unit represents a right to receive one share of common stock. The units are 100% vested but become payable only upon the earlier of a change of control or Ms. Morabito’s death, disability, or separation from service as a director.
Orchid Island Capital, Inc. (ORC) director Frank P. Filipps received a compensation-related grant of 5,755 deferred stock units on October 1, 2026. Each unit represents a right to receive one common share. The units are 100% vested and become payable upon the earlier of a change of control or Mr. Filipps’s death, disability, or separation from service as a director. His reported deferred stock unit balance following the grant was 59,630.
Orchid Island Capital, Inc. director W. Coleman Bitting acquired 5,755 deferred stock units on October 1, 2026, bringing his reported direct holdings to 59,630 deferred stock units. Each unit represents a right to receive one common share. The units are 100% vested but become payable only upon the earlier of a change of control or Bitting’s death, disability, or separation from service as a director.
Orchid Island Capital, Inc. (ORC) Chief Executive Officer and director Robert E. Cauley reported vesting 1,276.1 Performance Units on September 25, 2026, resulting in the issuance of 1,276 common shares. Cash was paid in lieu of issuing fractional shares, based on the common stock’s closing price on September 24, 2026. Following the transaction, his reported holdings were 125,719.28 Performance Units and 228,260 common shares.
Orchid Island Capital, Inc. Chief Financial Officer and director Haas G Hunter IV had 1,189 Performance Units vest on September 25, 2026, resulting in the issuance of 1,189 common shares. The vesting also involved 468 common shares withheld for tax obligations at the reported price of $5.77 per share, the September 24, 2026 closing price. The reported position following the transaction was 96,750.95 Performance Units. No Rule 10b5-1 plan is reported.