Quarterly ResultJul 23, 2026, 04:23 PM
Orchid Island Capital Q2 Net Income $89.2M, EPS $0.44; Dividend $0.30; Buyback Increase
AI Summary
Orchid Island Capital, Inc. announced strong second quarter 2026 results, reporting net income of $89.2 million, or $0.44 per common share. The company declared and paid a dividend of $0.30 per common share and achieved an unannualized total return of 6.21%. Additionally, the Board of Directors approved a significant increase of 25,000,000 shares to its stock repurchase program, bringing the total authorization to 26,612,580 shares. Management expressed a constructive outlook on the sector given current market conditions.
Key Highlights
- Reported net income of $89.2 million, or $0.44 per common share, for Q2 2026.
- Declared and paid Q2 dividends of $0.30 per common share.
- Book value per common share was $7.22 at June 30, 2026.
- Achieved an unannualized total return of 6.21% for Q2 2026.
- Board approved an increase of 25,000,000 shares to the stock repurchase program.
- Repurchased 1,106,557 shares for $7.3 million at $6.64 per share during Q2 2026.
- Maintained a strong liquidity position of $776.0 million at June 30, 2026.
- Net interest income was $60.0 million for Q2 2026.
Price Impact
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