Orchid Island Capital, Inc. (ORC) Earnings Call Transcripts

Orchid Island Capital, Inc.'s Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Orchid Island Capital reported a net loss of $0.11 per share, a significant decline from a net income of $0.62 in the previous quarter. The company's book value decreased to $7.08 per share from $7.54 at year-end 2025, while total return for the quarter was negative 1.3%, contrasting sharply with a positive 7.8% in Q4 2025. Management maintained a dividend of $0.36 per share, signaling stability despite the losses. Looking ahead, management expressed optimism about the market conditions, stating that all relevant variables are conducive for their business model, with projected returns on equity between 15% and 17%.

Reported metrics

Guidance from management

Management remains optimistic about the market conditions, projecting returns on equity between 15% and 17%. They expect prepayment speeds to decline, which could positively impact future performance.

What management said

Thank you, Melissa, and good morning, everyone. I hope everybody has had a chance to download our deck as usual. That will be kind of the basis of our call today. First off, I'd just like to walk you through the agenda as usual. Jerry Sintes, our Controller, will walk you through the financial results. I'll then go through the market developments, basically discuss briefly the market variables that impact our decis...

Thanks, Hunter. Just to kind of give you kind of a quick rehash. Over the course of the last 4 or 5 quarters, Orchid has more than doubled in size. There have been benefits to us. As a result of doing that, we've been able to lower our cost structure. I would like to just turn your attention before I move on to any further points to Slide 31. Everybody would quickly turn to that page. What we have on Page 31 is b...

What analysts pressed on

Analysts expressed concerns regarding the significant net loss and its implications for future dividends and capital deployment. There were questions about the sustainability of the dividend given the recent performance and how it aligns with taxable income coverage.

Main topics on the call

• Significant Losses — Orchid Island reported a net loss of $0.11 per share in Q1 2026 compared to a profit of $0.62 in Q4 2025, indicating a stark reversal in performance. Management noted, 'Our total return for the quarter was a negative 1.3...
• Stable Dividend — The company declared a dividend of $0.36 per share for both Q1 2026 and Q4 2025, demonstrating a commitment to returning capital to shareholders despite the loss. Management stated, 'The dividend yield is very much in li...
• Portfolio Growth — Orchid Island's portfolio grew to an average balance of approximately $11 billion in Q1 2026, up from $9.5 billion in Q4 2025. Management highlighted, 'Over the course of the last 4 or 5 quarters, Orchid has more than do...
• Market Conditions — Management expressed confidence in the current market environment, stating that 'all of the variables that matter to us... are in a very great state.' This includes stable interest rates and favorable mortgage performanc...

Read the full Orchid Island Capital, Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 27 Orchid Island Capital, Inc. earnings call transcripts on record, spanning February 21, 2020 to July 24, 2026. Based on this history, Orchid Island Capital, Inc. reports quarterly. The most recent call on file is dated July 24, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

ORC

Exchange

NYSE

Country

US

Sector

Real Estate

Industry

Mortgage Real Estate Investment Trusts (REITs)

Calls on record

27

First call

February 21, 2020

Most recent

July 24, 2026

Reporting cadence

quarterly