Core Insights - Orchid Island Capital, Inc. announced its estimated fourth quarter 2025 results and portfolio characteristics as of December 31, 2025 [1] Share Information - As of January 14, 2026, the Company had 183,345,932 shares of common stock outstanding, an increase from 181,985,900 shares as of December 31, 2025, and 148,239,401 shares as of September 30, 2025 [2] Book Value Per Share - The estimated book value per share as of December 31, 2025, was $7.54, calculated by dividing total stockholders' equity of approximately $1.4 billion by the total number of outstanding shares [3] Net Income and Gains - The estimated net income per share for the quarter ended December 31, 2025, was $0.62, which includes an estimated $0.43 per share of net realized and unrealized gains on RMBS and derivative instruments [4][9] - Total dividends declared during the quarter were $0.36 per share [4] Total Return on Equity - The estimated total return on equity for the quarter ended December 31, 2025, was 7.8%, calculated as the sum of dividends declared and changes in book value divided by stockholders' equity at the beginning of the quarter [5][9] RMBS Portfolio Characteristics - The Company invests in Agency RMBS, focusing on traditional pass-through Agency RMBS and structured Agency RMBS [6] - As of December 31, 2025, the total mortgage assets were approximately $10.63 billion, with Fannie Mae and Freddie Mac representing 53.5% and 46.5% of the portfolio, respectively [13] Borrowings and Counterparty Exposure - Total borrowings as of December 31, 2025, amounted to $10.12 billion, with a weighted average rate of 3.98% [15] - The Company has significant exposure to various counterparties, with Citigroup Global Markets Inc. being the largest at $527.57 million [15]