Orchid Island Capital posts Q3 2026 net loss of $0.90 per share
Orchid Island Capital reported a third‑quarter 2026 net loss of $0.90 per share, reversing a $0.44 per share profit from the prior quarter. Net loss totaled $178.9 million, driven by $231.7 million of losses on RMBS and derivative contracts and $567.1 million of unrealized MBS losses partially offset by $335.4 million of hedge gains. The company kept its quarterly dividend at $0.30 per share and repurchased roughly 5 million shares during the quarter.
Why it matters
The loss and dividend payout reduce shareholder returns, with total return for the quarter at –12.5%. Management expects high‑teens ROE at current leverage, indicating future profitability depends on rate stability.
Key facts
- 1Net loss was $178.9 million, or $0.90 per share, for Q3 2026. tradingview.com
- 2Net interest income was $59.1 million, up from $26.9 million in Q3 2025. tradingview.com
- 3Losses on RMBS and derivative contracts totaled $231.7 million, versus gains of $50.6 million a year earlier. tradingview.com
- 4Unrealized MBS losses were $567.1 million, partially offset by $335.4 million of hedge gains. investing.com
- 5Book value per share fell to $6.02, down 16.6% sequentially from $7.22. investing.com
- 6Quarterly dividend of $0.30 per share was declared and paid. tradingview.com
Summary written by AlphAI AI Desk from 7 of 7 sources. Not investment advice. Figures are as stated by the linked sources.