Orchid Island Capital Estimates Q3 Net Loss of $0.90/Share, Book Value Drops to $6.02
ORC is trading near its 52-week low of $4.85 (4.5% above the low).
Summary
Orchid Island Capital reported a preliminary Q3 2026 net loss of $0.90 per share and a book value decline to $6.02, while declaring its October dividend of $0.10 per share.
Key Events · Earnings and Guidance · ORC
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Q3 Net Loss of $0.90/Share
Preliminary Q3 2026 GAAP net loss of $0.90 per share, including $1.17 per share of net realized and unrealized losses on RMBS and derivative instruments, versus a $0.44 per share profit in Q2 2026.
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Book Value Drops to $6.02
Estimated book value per share fell to $6.02 as of September 30, 2026, down from $7.22 at June 30, 2026 — a 16.6% decline driven by mark-to-market losses on the leveraged Agency MBS portfolio.
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Total Return on Equity of (12.5)%
Estimated total return on equity for Q3 2026 was negative 12.5%, comprised of $0.30 in dividends offset by a $1.20 per share decrease in book value.
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October Dividend Declared
Board declared the October 2026 monthly dividend of $0.10 per share, payable November 27, 2026 to holders of record on October 30, 2026, with an ex-dividend date of October 30, 2026.
Analysis · ORC · Real Estate & Construction
Preliminary Q3 2026 results mark a sharp reversal from the prior quarter's $0.44 per share profit. The estimated $0.90 per share net loss was driven by $1.17 per share of realized and unrealized losses on RMBS and derivative instruments, reflecting the hit from rising rates on its leveraged Agency MBS portfolio. Book value per share fell from $7.22 to $6.02, a 16.6% decline, pushing the stock's price-to-book ratio to roughly 0.84 at today's $5.07 price. Despite the loss, the company continues to pay its $0.10 monthly dividend, funded by REIT taxable income rather than GAAP earnings. The share count also declined by about 6.6 million shares during the quarter, consistent with the previously disclosed repurchase program.
How filings like this one have moved
In the 30 days to Oct 29, 2026, 39.1% of the 988 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.56%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, ORC was trading at $5.07 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $1B. The 52-week trading range was $4.85 to $8.40. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.