UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __ to __ Commission File Number: 001-35236 Orchid Island Capital, Inc. (Exact name of registrant as specified in its charter) Maryland 27-3269228 (I.R.S. Employer Identification ...

Orchid Island Capital, Inc. (NYSE:ORC) Q4 2022 Results Conference Call February 23, 2023 10:00 AM ET Company Participants Robert Cauley - Chairman and CEO Hunter Haas - CFO and CIO and Director Conference Call Participants Jason Stewart - JonesTrading Mikhail Goberman - JMP Securities Christopher Nolan - Ladenburg Thalmann Operator Good morning and welcome to the Fourth Quarter 2022 Earnings Conference Call for Orchid Island Capital. This call is being recorded today, February 24, 2023. At this time, the Co ...

Orchid Island Capital, Inc. (NYSE:ORC) Q3 2022 Results Conference Call October 28, 2022 10:00 AM ET Company Participants Robert Cauley - Chairman, President & Chief Executive Officer Hunter Haas - Chief Financial Officer and Chief Investment Officer and Director Conference Call Participants Jason Steward - JonesTrading Mikhail Goberman - JMP Securities Christopher Nolan - Ladenburg Thalmann Operator Good morning and welcome to the Third Quarter 2022 Earnings Conference Call for Orchid Island Capital. This c ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 Commission File Number: 001-35236 Orchid Island Capital, Inc. (Exact name of registrant as specified in its charter) Maryland 27-3269228 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 3305 Flamingo Drive, Vero Beach, Florida 32963 (Address of ...

Financial Data and Key Metrics Changes - The company reported a net loss per share of $0.34, which included net earnings per share of $0.12 when excluding realized and unrealized gains and losses on RMBS assets and derivative instruments [7] - Book value per share decreased to $2.87 as of June 30, 2022, down from $3.34 at March 31, 2022 [8] - The total economic loss for the quarter was $33.05 million, representing a 10% loss [8] Business Line Data and Key Metrics Changes - The company maintained a high concentration in 30-Year fixed rates, particularly in the 3s and 3.5s, which are expected to perform well in a market rally [23][56] - The portfolio has seen a shift with an increase in allocation to 4s, now at 6.9%, while the small position in 2.5s has been eliminated [51] Market Data and Key Metrics Changes - The Treasury nominal curve and swaps curve have shown significant movement, particularly at the front end, indicating aggressive rate hikes by the Fed due to high inflation [9][11] - The spread of current coupon mortgages to the 10-year Treasury is around 120 basis points, which is attractive compared to the long-term range of 60 to 80 basis points [21] Company Strategy and Development Direction - The company plans to adjust its dividend to align with book value and leverage ratio, indicating a focus on financial stability amid market volatility [48][59] - The company is considering a reverse stock split due to the stock trading down to the low $3 range, reflecting a strategic move to enhance stock value perception [60] Management's Comments on Operating Environment and Future Outlook - Management expressed concerns about the economy slowing down despite strong job data, indicating a cautious outlook for future Fed rate hikes [63][64] - The mortgage market is expected to perform well, with management confident in the positioning of the portfolio for the remainder of 2022 and into 2023 [22][56] Other Important Information - The leverage ratio was reported at 7.8 as of the end of the quarter, with plans to reduce it to the low 7s to mitigate book value volatility [45][75] - The company has not reinvested paydowns recently, leading to a smaller portfolio size, but aims to stabilize expenses and improve the expense ratio [73][74] Q&A Session Summary Question: Where does the company see terminal Fed funds ending up in this environment? - Management anticipates terminal Fed funds to be in the mid-3s or slightly higher, but acknowledges the difficulty in predicting beyond this year due to economic slowing [63][64] Question: What is the view on the mortgage origination industry's capacity and its impact on prepayments? - Management believes the industry is struggling to maintain capacity, with evidence of declining refinancing activity and rising inventory levels in the housing market [67] Question: What is the current book value recovery thus far in Q3? - Book value recovery was reported in the high single digits until recent underperformance brought it closer to 6% or 6.5% [70] Question: Are there any one-time items contributing to the increase in expenses? - Management noted that expenses are on the high end of the desired range, with some one-off costs related to repo operations and back office adjustments [71] Question: What leverage range is the company targeting? - The company is targeting a leverage ratio in the low 7s to reduce volatility and align with market conditions [75]

Orchid Island Capital, Inc. (NYSE:ORC) Q1 2022 Earnings Conference Call April 29, 2022 10:00 AM ET Company Participants Robert Cauley - Chairman, President & Chief Executive Officer Hunter Haas - Chief Financial Officer and Chief Investment Officer and Director Conference Call Participants Mikhail Goberman - JMP Securities Operator Good morning and welcome to the First Quarter 2022 Earnings Conference Call for Orchid Island Capital. This call is being recorded today, April 29, 2022. At this time, the Compa ...

8 Q1 2022 Earnings Supplemental Materials April 29, 2022 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," "in ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-35236 Orchid Island Capital, Inc. (Exact name of registrant as specified in its charter) Maryland 27-3269228 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 3305 Flamingo Drive, Vero Beach, Florida 32963 (Address of principal executive offices) (Zip Code) For ...

For the fiscal year ended December 31, 2021 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __ to __ Commission File Number: 001-35236 Orchid Island Capital, Inc. (Exact name of registrant as specified in its charter) Maryland 27-3269228 (State or other jurisdiction of ...

Orchid Island Capital, Inc. (NYSE:ORC) Q4 2021 Earnings Conference Call February 25, 2022 10:00 AM ET Company Participants Robert Cauley - Chairman & Chief Executive Officer Conference Call Participants Jason Stewart - Jones Trading Christopher Nolan - Ladenburg Thalmann Mikhail Goberman - JMP Securities Operator Good morning and welcome to the Fourth Quarter 2021 Earnings Conference Call for Orchid Island Capital. This call is being recorded today, February 25, 2022. At this time, the Company would like to ...