Orchid Island Capital, Inc. reported results for the six months ended June 30, 2026, with higher interest income and a return to profitability versus the prior-year period. Interest income rose sharply, helping the REIT deliver net income attributable to common stockholders of $69.2M and diluted EPS of $0.35 for the six-month period.
Financial Highlights
- Revenue: $322.0M interest income for six months ended June 30, 2026, compared with $173.4M for six months ended June 30, 2025; YoY change 85.6%.
- Net income: $69.2M net income attributable to common stockholders for six months ended June 30, 2026, compared with a $(16.5M) loss in the six months ended June 30, 2025.
- Diluted EPS: $0.35 diluted EPS for six months ended June 30, 2026, compared with $(0.16) for the six months ended June 30, 2025.
Business Highlights
- Portfolio Growth: Agency RMBS holdings grew to $11.5B, with a larger average portfolio size and higher yields driving increased interest income.
- Funding & Hedging Shift: Management expanded its hedging mix — using swaps, futures and options — to manage short-term repo funding cost volatility and interest-rate risk.
- Capital Raising & Equity Issuances: Executed multiple ATM equity distribution programs, raising proceeds to support portfolio deployment.
- Operational Scaling: Expanded repurchase agreement counterparties and maintained broad repo facilities with stable operational margining and daily collateral management.
- Dividend & Distribution Focus: Continued regular monthly dividends and declared additional dividends to support REIT qualification and shareholder income.
Original SEC Filing:
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