Orchid Island Capital, Inc.

For the period ended Mar 31, 2025. Filed Apr 25, 2025.

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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.

Mar 31, 2025 · Filed Apr 25, 2025

ORC$4.90-2.2%Stored close · as of Nov 10, 2026

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Contents

Condensed Statements of Comprehensive Income (unaudited)

ORCHID ISLAND CAPITAL, INC.

CONDENSED STATEMENTS OF COMPREHENSIVE INCOME

** For the Three Months Ended March 31, 2025 and 2024**

($ in thousands, except per share data)

	Three Months Ended March 31,
	2025	2024
Interest income	$81,090	$48,871
Interest expense	(61,377)	(51,361)
Net interest income (expense)	19,713	(2,490)
Realized losses on mortgage-backed securities	(1,298)	-
Unrealized gains (losses) on mortgage-backed securities and U.S. Treasury securities	77,592	(61,895)
(Losses) gains on derivative and other hedging instruments	(74,659)	87,899
Net portfolio income	21,348	23,514
Expenses:
Management fees	2,747	2,161
Allocated overhead	608	598
Incentive compensation	(207)	(89)
Directors' fees and liability insurance	338	329
Audit, legal and other professional fees	393	476
Direct REIT operating expenses	227	170
Other administrative	120	93
Total expenses	4,226	3,738
Net income	$17,122	$19,776
Unrealized gains (losses) on U.S. Treasury securities measured at fair value through other comprehensive net income	250	(47)
Comprehensive net income	$17,372	$19,729
Basic and diluted net income per share	$0.18	$0.38
Weighted Average Shares Outstanding	95,174,719	51,604,135

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