Orchid Island Capital reports Q1 EPS 18c, consensus 17c

Reports Q1 book value $7.94. Commenting on the first quarter results, Robert Cauley, chairman and CEO, said, “The first quarter of 2025 was essentially a continuation of the fourth quarter of 2024, at least for the first two months or so. While economic data and events generally are never uniformly stable or consistent, the first quarter of 2025 was relatively uneventful. Interest rates were generally range bound, and volatility was low for most of the first quarter. These are ideal conditions for a levered investment strategy in Agency RMBS. Accordingly, the Company and the Agency RMBS market generated attractive returns for the period. The Company’s stock also traded well during the quarter – at least until the last week of the quarter. The Company was able to take advantage of the calm conditions and price performance of its common stock during the first quarter to raise additional capital generally at a slight premium to book value and deploy the proceeds in an attractive investment environment.”