Orchid Island Capital, Inc. 8-K

What Happened
Orchid Island Capital, Inc. (ORC) announced on January 14, 2026 preliminary financial results for the quarter ended December 31, 2025. The company reported an estimated book value of $7.54 per share as of December 31, 2025 and estimated GAAP net income of $0.62 per share for the quarter, which includes about $0.43 per share of net realized and unrealized gains on RMBS and derivative instruments. These figures are preliminary and subject to change and audit review.

Key Details

• Estimated book value per share as of December 31, 2025: $7.54.
• Estimated GAAP net income per share for Q4 2025: $0.62.
• Contribution from net realized and unrealized gains on RMBS and derivatives: approximately $0.43 per share.
• The company also disclosed certain details about its RMBS portfolio as of December 31, 2025; the press release is attached as Exhibit 99.1 to the 8-K.

Why It Matters
Book value per share and GAAP net income are key metrics for mortgage REIT investors—book value gives an indication of net asset value while GAAP earnings show quarterly profitability. The sizable portion of Q4 earnings tied to RMBS and derivative gains highlights sensitivity to market valuations. Investors should note these numbers are preliminary and pending review by the company’s independent auditors; the company also cautions that forward-looking information may change and refers investors to its 2024 Form 10‑K risk factors.