ORC News & Events

Orchid Island Capital estimated that its current book value per share is approximately $7.24 to $7.28 per share as of June 18, 2026. This represents an increase of approximately 2.3% to 2.8% since March 31, 2026.

Orchid Island Capital announced that the Board of Directors of the company approved an increase to its previously announced stock repurchase program for up to an additional 25,000,000 shares of the company's common stock, which results in a total authorization under the Repurchase Program for up to 26,612,580 shares, representing approximately 13.3% of the company's currently outstanding shares of common stock.

Reports Q1 book value per share $7.08. Commenting on the first quarter results, Robert Cauley, chairman and CEO, said, "On February 28, 2026, the markets turned sharply when war broke out in the Middle East after Israel and the United States attacked Iran. Up to that point, the Agency RMBS market was performing very well, the catalyst being a pronouncement by President Trump on January 8, 2026 that the GSEs would seek to buy $200 billion of Agency RMBS in an effort to drive mortgage rates down and the affordability of housing higher. Interest rate volatility continued to decline, as it has since April of 2025, supportive of the sector as well. Away from the mortgage market, there were troubling signs in the economy as private credit concerns mounted, artificial intelligence began to emerge as a significant threat to software developers and many tech firms, previously the leaders of market performance over the last year or so, sold off dramatically. Interest rates, particularly the 10-year U.S. Treasury, declined in yield over the course of February, falling below 4% and mortgage rates declined towards 6%. Prepayment fears mounted quickly, and in fact speeds did increase dramatically in March. These later developments began to erode the strong performance of the sector triggered by the President's announcement on January 8, 2026."