Quarterly ResultJul 24, 2026, 02:48 PM
Orchid Island Q2 Net Income $89.19M; EPS $0.44
AI Summary
Orchid Island Capital reported a strong financial turnaround for the second quarter and first half of 2026. Net income for Q2 2026 reached $89.19 million, or $0.44 per share, significantly improving from a net loss in the prior year period. The company also saw growth in its total assets and stockholders' equity, driven by increased net portfolio income and gains from derivative instruments.
Key Highlights
- Net income for Q2 2026 was $89.19 million, a significant increase from a net loss of $33.58 million in Q2 2025.
- Basic and diluted EPS for Q2 2026 was $0.44, up from $(0.29) in Q2 2025.
- Total Assets increased to $13.10 billion as of June 30, 2026, from $11.68 billion at December 31, 2025.
- Total Stockholders' Equity rose to $1.44 billion as of June 30, 2026, from $1.37 billion at December 31, 2025.
- Net portfolio income for Q2 2026 was $95.96 million, compared to a loss of $28.58 million in Q2 2025.
- Gains on derivative and other hedging instruments were $62.40 million in Q2 2026, reversing a loss of $53.29 million in Q2 2025.
- The company issued 18.56 million shares for $135.5 million net proceeds in H1 2026.
- Cash dividends declared were $0.30 per share for Q2 2026.
Price Impact
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