Orchid Island Capital Reports Q2 GAAP EPS of $0.29; Net Interest Income at $23.2 Million

Orchid Island Capital reported Q2 GAAP EPS of $0.29. Net interest income was $23.2 million, or $0.20 per common share, while total expenses were $5.0 million, or $0.04 per common share. The company also experienced net realized and unrealized losses of $51.7 million, or $0.45 per common share, on RMBS. Shares declined 0.48%.

Orchid Island Capital (NYSE: ORC) announced its second-quarter (Q2) 2025 financial results, with a GAAP earnings per share (EPS) of $0.29. The company's net interest income stood at $23.2 million, equating to $0.20 per common share, while total expenses reached $5.0 million, or $0.04 per common share. Notably, Orchid Island Capital experienced net realized and unrealized losses of $51.7 million, or $0.45 per common share, on residential mortgage-backed securities (RMBS) and derivative instruments, including net interest income on interest rate swaps. The company's shares declined by 0.48% during the reporting period.

The company's dividend per common share for the second quarter was $0.36, with a total return of (4.66%) for the period, including a $0.73 decrease in book value per common share. The book value per common share at June 30, 2025, was $7.21.

Orchid Island Capital's financial performance reflects the impact of losses on RMBS and derivative instruments, which have been a significant factor in its earnings in recent quarters. The company's ability to generate net interest income while managing expenses and losses will be closely watched by investors in the coming quarters.

[1] https://seekingalpha.com/news/4471759-orchid-island-capital-gaap-eps-of-0_29