Orchid Island Capital(US:ORC)2025-01-31 07:17Financial Performance - Net income per share for Q4 2024 was $0.07, compared to $0.24 in Q3 2024[14] - Book value per share decreased to $8.09 as of December 31, 2024, from $8.40 in the previous quarter[14] - Total return for Q4 2024 was 0.60%, down from 2.10% in Q3 2024[15] - Dividends declared remained stable at $0.36 per share for both Q4 2024 and Q3 2024[16] Portfolio and Strategy - Average MBS balances increased to $5.348 billion in Q4 2024 from $4.984 billion in Q3 2024[18] - The weighted average coupon of the fixed-rate MBS portfolio rose to 5.03% at year-end 2024 from 4.94% at September 30, 2024[51] - Economic net interest spread improved to 2.57% in Q4 2024 from 2.47% in Q3 2024[51] - The company raised approximately $36 million through its ATM program during the fourth quarter[49] Leverage and Hedging - The adjusted leverage ratio was 7.5 to 1 as of December 31, 2024, compared to 8.0 to 1 at September 30, 2024[58] - Hedge positions covered approximately 79% of repo funding liabilities, excluding short TBA positions[60]