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Get filing alertsOrchid Island Capital reports Q2 2026 book value of $7.22/share, 6.2% quarterly return
Filed July 13, 2026 · Period ending July 13, 2026 · ~1 min read
Key Changes
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Book value per share rose to $7.22 as of June 30, 2026, up $0.14 from prior quarter, representing $1.4 billion in stockholders' equity across 199.6 million shares outstanding.
Item 2.02 — Results of Operations and Financial Condition verify on EDGAR → -
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Estimated net income of $0.44 per share for Q2 2026 exceeded the $0.30 per share in dividends declared; $0.18 per share came from realized and unrealized gains on RMBS and derivatives.
Item 2.02 — Results of Operations and Financial Condition verify on EDGAR → -
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Total return on equity for the quarter was 6.2%, combining the $0.30 dividend and $0.14 book value increase.
Exhibit 99.1 view on EDGAR → -
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Portfolio held $11.5 billion in mortgage assets at June 30, 2026, with 5.52% weighted average coupon and $11.1 billion in repo borrowings at 3.77% weighted average rate.
Exhibit 99.1 view on EDGAR →
Summary
Orchid Island Capital disclosed preliminary Q2 2026 results showing solid performance for the mortgage REIT. Book value per share increased $0.14 to $7.22, while net income of $0.44 per share exceeded the $0.30 quarterly dividend, resulting in a 6.2% total return on equity for the quarter.
Approximately 41% of the net income ($0.18 per share) came from mark-to-market gains on the company's RMBS holdings and interest rate hedges rather than core operating income. The company maintained its leveraged agency RMBS strategy with $11.5 billion in mortgage assets funded by $11.1 billion in repo borrowings.
The 146-basis-point spread between the portfolio's 5.52% weighted average coupon and the 3.77% borrowing cost provides the core net interest margin. The company hedged interest rate risk with $10.1 billion notional in swaps, futures, swaptions, and TBA shorts. All figures are preliminary and subject to auditor review before the formal 10-Q filing.
Section-by-Section Diff
Event · Exhibit 99.1
Orchid Island Capital announces estimated Q2 2026 results: $7.22 book value per share, $0.44 net income per share, 6.2% total return on equity.
Added in current filing · view on EDGAR →
Total Mortgage Assets | $ 11,479,520 | $ 11,540,164 | 100.00 % | 5.52 % | 6.45 % | 19 | 337 | 9.2 % | 10.9 %
As of June 30, 2026, the company held $11.5 billion in total mortgage assets at fair value (current face value of $11.5 billion), with a weighted average coupon of 5.52% and weighted average gross weighted average coupon of 6.45%. The portfolio had an average age of 19 months and weighted average maturity of 337 months. The portfolio consisted of 99.90% traditional pass-through RMBS and 0.10% structured RMBS.
Added in current filing · view on EDGAR →
Total Borrowings | $ 11,086,915 | 100.0 % | 3.77 % | 33 | 11/13/2026
The company had total borrowings of $11.1 billion as of June 30, 2026, at a weighted average repo rate of 3.77% and weighted average maturity of 33 days. The company also maintained $10.1 billion notional in hedging instruments including interest rate swaps, futures, swaptions, and TBA shorts to manage interest rate risk on its leveraged RMBS portfolio.
Event · Item 2.02 — Results of Operations and Financial Condition
ORC disclosed preliminary Q2 2026 book value of $7.22/share and estimated GAAP net income of $0.44/share, including $0.18/share in gains.
Added in current filing · verify on EDGAR →
estimated book value of 7.22 per share as of June 30, 2026
The company disclosed a preliminary book value of $7.22 per share as of June 30, 2026. This metric represents the net asset value per share and is a key indicator for REIT investors to assess the company's underlying value. The figure is preliminary and subject to change pending review by the independent auditor.
Added in current filing · verify on EDGAR →
estimated GAAP net income per share of $0.44, including an estimated $0.18 per share of net realized and unrealized gains on RMBS and derivative instruments, for the quarter ended June 30, 2026
The company reported preliminary GAAP net income of $0.44 per share for Q2 2026, with $0.18 per share attributable to net realized and unrealized gains on RMBS (residential mortgage-backed securities) and derivative instruments. This indicates that approximately 41% of the quarterly earnings came from mark-to-market gains rather than core operating income. The figures are preliminary and subject to audit review.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 15, 2026 · How we verify