Orchid Island Capital Inc
For the period ended Jun 30, 2024. Filed Jul 26, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Jul 26, 2024
ORC$4.90-2.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Statements of Comprehensive Income (Loss) (unaudited)
ORCHID ISLAND CAPITAL, INC.
CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
** For the Six and Three Months Ended June 30, 2024 and 2023**
($ in thousands, except per share data)
| Six Months Ended June 30, | Three Months Ended June 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| Interest income | $101,935 | $77,923 | $53,064 | $39,911 |
| Interest expense | (105,122) | (90,888) | (53,761) | (48,671) |
| Net interest expense | (3,187) | (12,965) | (697) | (8,760) |
| Unrealized losses on mortgage-backed securities and U.S. Treasury securities | (87,865) | (15,644) | (25,970) | (69,539) |
| Gains on derivative and other hedging instruments | 113,967 | 52,211 | 26,068 | 93,367 |
| Net portfolio income (loss) | 22,915 | 23,602 | (599) | 15,068 |
| Expenses: | ||||
| Management fees | 4,418 | 5,346 | 2,257 | 2,704 |
| Allocated overhead | 1,330 | 1,215 | 732 | 639 |
| Incentive compensation | 201 | 788 | 290 | 318 |
| Directors' fees and liability insurance | 672 | 641 | 343 | 318 |
| Audit, legal and other professional fees | 796 | 899 | 320 | 448 |
| Direct REIT operating expenses | 348 | 338 | 178 | 173 |
| Other administrative | 353 | 596 | 260 | 219 |
| Total expenses | 8,118 | 9,823 | 4,380 | 4,819 |
| Net income (loss) | $14,797 | $13,779 | $(4,979) | $10,249 |
| Unrealized (losses) gains on U.S. Treasury securities measured at fair value through other comprehensive net income (loss) | (10) | - | 37 | - |
| Comprehensive net income (loss) | $14,787 | $13,779 | $(4,942) | $10,249 |
| Basic and diluted net income (loss) per share | $0.27 | $0.35 | $(0.09) | $0.25 |
| Weighted Average Shares Outstanding | 54,798,596 | 39,356,054 | 57,763,857 | 40,210,844 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.