[8-K] Orchid Island Capital, Inc. Reports Material Event

Rhea-AI Filing Summary

Orchid Island Capital (ORC) reported preliminary third‑quarter metrics and declared its monthly dividend. The company estimates book value of $7.33 per share as of September 30, 2025 and estimated GAAP net income of $0.53 per share for the quarter, which includes $0.37 per share of net realized and unrealized gains on RMBS and derivatives. These figures are preliminary and subject to review by the independent auditor.

The Board declared an October 2025 dividend of $0.12 per share, payable on November 26, 2025 to shareholders of record on October 31, 2025 (ex‑dividend date October 31, 2025).

Insights

Mortgage REIT analyst

Preliminary Q3 figures and a routine monthly dividend; neutral impact.

Orchid Island Capital provided estimated Q3 metrics: book value at $7.33 per share as of September 30, 2025 and GAAP EPS at $0.53, including $0.37 per share of RMBS and derivative gains. These are labeled preliminary and subject to audit review.

The company also declared its monthly dividend of $0.12 per share for October 2025, payable on November 26, 2025 to holders of record on October 31, 2025 with an ex‑dividend date on October 31, 2025. This aligns with routine distribution cadence for mortgage REITs.

Actual results may differ after audit review, and dividend details are fixed to the stated record and payment dates. Subsequent filings may provide finalized figures.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): October 15, 2025

Orchid Island Capital, Inc.

(Exact Name of Registrant as Specified in Charter)

Maryland	001-35236	27-3269228
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

3305 Flamingo Drive, Vero Beach, Florida 32963

(Address of Principal Executive Offices) (Zip Code)

(772) 231-1400

N/A

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class:	Trading symbol:	Name of each exchange on which registered:
Common Stock, par value $0.01 per share	ORC	NYSE

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition.

On October 15, 2025, Orchid Island Capital, Inc. (the “Company”) announced its estimated book value of $7.33 per share as of September 30, 2025, certain details of its RMBS portfolio as of September 30, 2025, and estimated GAAP net income per share of $0.53, including an estimated $0.37 per share of net realized and unrealized gains on RMBS and derivative instruments, for the quarter ended September 30, 2025. 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. 

Item 8.01. Other Events.

On October 15, 2025, the Company announced that the Board of Directors of the Company declared a dividend for the month of October 2025 of $0.12 per share of the Company’s common stock, to be paid on November 26, 2025, to holders of record on October 31, 2025, with an ex-dividend date of October 31, 2025. 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, 2024. 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.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.		Description
99.1		Press Release dated October 15, 2025
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

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 15, 2025		ORCHID ISLAND CAPITAL, INC.
	By:	/s/ Robert E. Cauley
		Robert E. Cauley
		Chairman and Chief Executive Officer

FAQ

What preliminary Q3 2025 metrics did Orchid Island Capital (ORC) disclose?

ORC estimated book value of $7.33 per share as of September 30, 2025 and GAAP net income of $0.53 per share for the quarter, including $0.37 per share of gains.

Is the Orchid Island Capital (ORC) Q3 2025 data final?

No. The estimated book value and GAAP EPS are preliminary and subject to review by the independent registered public accounting firm.

What dividend did Orchid Island Capital (ORC) declare for October 2025?

A $0.12 per share dividend, payable on November 26, 2025 to shareholders of record on October 31, 2025 (ex‑dividend date October 31, 2025).

What contributed to Orchid Island Capital’s (ORC) estimated GAAP EPS for Q3 2025?

The company included $0.37 per share of net realized and unrealized gains on RMBS and derivative instruments.

What asset focus does Orchid Island Capital (ORC) reference in the update?

It referenced details of its RMBS portfolio as of September 30, 2025, alongside preliminary financial metrics.