February 2026 Monthly Dividend of $0.12 Per Share of Common StockRMBS Portfolio Characteristics as of January 31, 2026Next Dividend Announcement Expected March 18, 2026 VERO BEACH, Fla., Feb. 11, 2026 (GLOBE NEWSWIRE) -- Orchid Island Capital, Inc. (the “Company”) (NYSE: ORC) announced today that the Board of Directors of the Company declared a monthly cash dividend for the month of February 2026. The dividend of $0.12 per share will be paid March 30, 2026 to holders of record of the Company’s common stock ...

We cover many of the mortgage REITs. Some of them have a history of doing relatively well. Today, I’ll be going over an agency mortgage REIT that hasn’t historically been one of the best. Orchid Island Capital (ORC) Orchid Island Capital, or ORC, is an agency mortgage REIT. That means they primarily invest in agency mortgage-backed securities. The track record, going back to inception, leaves a great deal to be desired, unless you really enjoy burning capital. This has been an opportunity for investors to: ...

We cover many of the mortgage REITs. Some of them have a history of doing relatively well. Today, I’ll be going over an agency mortgage REIT that hasn’t historically been one of the best. Orchid Island Capital (ORC) Orchid Island Capital, or ORC, is an agency mortgage REIT. That means they primarily invest in agency mortgage-backed securities. The track record, going back to inception, leaves a great deal to be desired, unless you really enjoy burning capital. This has been an opportunity for investors to: ...

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or ...

Core Viewpoint - Orca Energy Group Inc. has received a judgment from the Court of Appeal of Tanzania regarding its contractual dispute with African Geophysical Services LLP, resulting in a revised damages award [1][3]. Group 1: Legal Proceedings - In February 2025, the High Court of Tanzania awarded AGS damages totaling US$23,100,451 against Orca's subsidiary, PanAfrican Energy Tanzania Limited, along with legal costs and interest at a rate of 7% per annum [2]. - The Court of Appeal partially allowed Orca's appeal, reducing the damages awarded to AGS to US$17,912,445 and dismissing claims amounting to US$5,125,006 [3]. Group 2: Company Actions - The Company is currently reviewing the Appeal Judgment to understand the Court's reasoning and its financial and legal implications [4]. - Following the review, the Company will consider all available legal options but does not plan to disclose further information unless deemed necessary by the board of directors [4]. Group 3: Company Overview - Orca Energy Group Inc. is engaged in natural gas development and supply in Tanzania through its subsidiary, PAET, and trades on the TSX Venture Exchange under the symbols ORC.A and ORC.B [6].

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Orchid Island Capital (NYSE:ORC) Q4 2025 Earnings call January 30, 2026 10:00 AM ET Company ParticipantsHunter Haas - CFO and CIOJerry Sintes - ControllerMelissa Alfonso - Head of Investor RelationsMikhail Goberman - VP of Equity ResearchRobert Cauley - Chairman and CEOOperatorday, and thank you for standing by. Welcome to the Orchid Island Capital Fourth Quarter 2025 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a questio ...

Financial Data and Key Metrics Changes - In Q4 2025, the company reported a net income of $103.4 million, translating to $0.62 per share, an increase from $0.53 in Q3 [6] - The book value at the end of Q4 was $7.54, up from $7.33 at the end of Q3 [7] - The total return for Q4 was 7.8%, compared to 6.7% in Q3 [7] Business Line Data and Key Metrics Changes - The average mortgage-backed securities (MBS) portfolio was $9.5 billion in Q4, compared to $7.7 billion in Q3, reflecting a growth of approximately 27% [8] - The leverage for Q4 remained stable at 7.4%, consistent with Q3 [8] - Liquidity at the end of Q4 was 57.7%, slightly up from 57.1% in Q3 [8] Market Data and Key Metrics Changes - Prepayment speeds increased to 15.7% in Q4 from 10.1% in Q3 [9] - The treasury curve showed low volatility throughout the quarter, with interest rates remaining steady [10][11] - The spread of current coupon mortgages to the ten-year Treasury tightened to about 80 basis points [12][13] Company Strategy and Development Direction - The company focused on acquiring agency specified pools with call protection, targeting par to slight premiums [23][56] - A strategic shift towards higher coupon MBS was noted, with a focus on production and premium coupons [26] - The company aims to maintain a flat duration profile to manage interest rate risk effectively [33] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the potential for further mortgage tightening, driven by GSE activity and favorable market conditions [39][41] - The company anticipates that prepayment speeds may moderate, which would improve carry [37] - Management highlighted the importance of maintaining a low expense ratio, which currently stands at 1.7% [44] Other Important Information - The company paid dividends of $0.36 during the quarter, maintaining the same rate for the past two years [7] - The average repo rate decreased from 4.33% at the beginning of the quarter to 3.98% by quarter end [20] - The weighted average current price of the portfolio at year-end was $102.5, reflecting a strategic shift in coupon allocation [61] Q&A Session Summary Question: Current book value update - Management indicated that the current book value is slightly up, inclusive of the dividend accrual, reflecting a 1.6% increase [51][53] Question: Thoughts on prepayments - Management noted that the portfolio is targeted at par to slight premiums, focusing on modest prepayments without overpaying for protection [56][58] Question: Capacity for further expense reduction - Management stated that most expense increases were due to management fees, with non-management expenses rising only modestly, indicating potential for further reduction [70][72]

Financial Data and Key Metrics Changes - In Q4 2025, the company reported a net income of $103.4 million, equating to $0.62 per share, an increase from $0.53 in Q3 [6] - The book value at the end of Q4 was $7.54, up from $7.33 at the end of Q3 [6] - Stockholder equity at the end of Q4 was approximately $1.4 billion, with dividends paid during the quarter remaining at $0.36 [6] - The total return for Q4 was 7.8%, compared to 6.7% for Q3 [6] Business Line Data and Key Metrics Changes - The average mortgage-backed securities (MBS) during Q4 was $9.5 billion, compared to $7.7 billion in Q3, with a year-end balance of $10.6 billion, reflecting a growth of approximately 27% during the quarter [7] - The leverage for Q4 remained at 7.4%, consistent with Q3 [7] - Liquidity at the end of Q4 was 57.7%, slightly up from 57.1% at the end of Q3 [7] Market Data and Key Metrics Changes - Interest rate volatility was low throughout the quarter, with the treasury curve remaining steady [9][10] - The spread of the current coupon mortgage to the ten-year Treasury tightened to about 80 basis points, reflecting a significant change since year-end [11] - Prepayment speeds increased to 15.7% in Q4 from 10.1% in Q3 [8] Company Strategy and Development Direction - The company focused on acquiring agency specified pools with call protection, targeting par to slight premiums [22][56] - A strategic shift towards higher coupon MBS was noted, with an emphasis on production and premium coupons [26] - The company plans to continue managing leverage tightly while maintaining a flat duration profile to mitigate risks associated with interest rate movements [38] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the potential for further mortgage tightening, driven by GSE activity and favorable economic conditions [40][41] - The company noted that while mortgages are not as attractive as a year ago, there is still potential for continued performance improvement [41] - Management highlighted the importance of maintaining a low expense ratio, which has improved to 1.7% at the end of 2025 [44] Other Important Information - The company doubled its equity base and MBS portfolio over the course of 2025, capitalizing on wide MBS spreads [24] - The average repo rate declined from 4.33% at the beginning of the quarter to 3.98% by quarter end, reflecting favorable funding conditions [28] Q&A Session Summary Question: Current book value update - Management indicated that the current book value is slightly up, inclusive of the dividend accrual, reflecting a 1.6% increase [51][53] Question: Thoughts on prepayment speeds - Management noted that the portfolio is constructed to target modest prepayments and emphasized the focus on mid-tier call protection [56][58] Question: Capacity for further expense reduction - Management stated that most expense increases were related to management fees, with non-management fee expenses rising only modestly, indicating potential for further expense reduction [67][69]

8 Q4 2025 Earnings Supplemental Materials January 30, 2025 1 Disclaimers Forward-Looking Information This presentation contains forward-looking statements and information. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. Forward-looking statements include statements preceded by, followed by or that include the words "may," "could," "would," "should," "believe," "expect," "anticipate," "plan," "estimate," "target," "project," " ...