---
title: "Orchid Island Capital 10-Q: Net interest income $57.1M, EPS $(0.11)"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284043512.md"
description: "Orchid Island Capital reported a net interest income of $57.1 million for the quarter, attributed to higher interest income of $157.8 million and increased average RMBS balances. The company faced a net loss of $20.0 million, primarily due to unrealized RMBS losses of $115.97 million, partially offset by $46.31 million in derivative gains, resulting in an EPS of $(0.11). The firm continues its REIT distribution strategy and active balance sheet management amid market uncertainty."
datetime: "2026-04-24T18:21:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284043512.md)
  - [en](https://longbridge.com/en/news/284043512.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284043512.md)
---

# Orchid Island Capital 10-Q: Net interest income $57.1M, EPS $(0.11)

Orchid Island Capital reported net interest income of $57.1 million for the quarter, driven by higher interest income of $157.8 million and larger average RMBS balances, while the company recorded a net loss of $20.0 million. The loss reflected significant unrealized RMBS mark-to-market losses of $115.97 million, partially offset by $46.31 million in derivative gains, resulting in basic and diluted net loss per share of $(0.11) on 189.26 million weighted average shares. The firm continues to pursue its REIT distribution strategy and active balance sheet management amid market uncertainty.

**Financial Highlights**

-   **Net interest income:** $57.1 million, up due to higher interest income ($157.8M) and larger average RMBS balances.
-   **Net (loss) income:** $(20.0) million, down from $17.1 million in the prior-year quarter; driven by $(115.97) million unrealized RMBS losses partially offset by $46.31 million derivative gains.
-   **Basic and diluted net (loss) income per share:** $(0.11); weighted average shares outstanding: 189.26 million.

**Business Highlights**

-   **Dividend policy & REIT focus:** Continues monthly dividend distributions and maintains REIT qualification focus to distribute taxable income and support yield-oriented investors.
-   **Portfolio strategy:** Concentrated investment in Agency RMBS (pass-through and structured) with defensive positioning and selective use of leverage amid market uncertainty.
-   **Liquidity & funding operations:** Active management of repo funding, TBAs and hedges to support operations and asset purchases while preserving liquidity.
-   **Capital raising & share issuances:** Executed multiple at-the-market equity programs during 2024–2026 to raise capital for portfolio growth.
-   **Operational oversight & management fees:** Externally managed by Bimini Advisors, with expanded operational services including repo trading/clearing and a performance-linked incentive structure.

Original SEC Filing: Orchid Island Capital, Inc. \[ ORC \] - 10-Q - Apr. 24, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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