Orchid Island Capital (ORC) Misses Q4 EPS by 3c

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Go back to Orchid Island Capital (ORC) Misses Q4 EPS by 3c

Orchid Island Capital Announces Fourth Quarter 2020 Results

February 25, 2021 4:10 PM EST

VERO BEACH, Fla.--(BUSINESS WIRE)-- Orchid Island Capital, Inc. (NYSE: ORC) ("Orchid or the "Company"), a real estate investment trust ("REIT"), today announced results of operations for the three month period ended December 31, 2020.

Fourth Quarter 2020 Highlights

Net income of $16.5 million, or $0.23 per common share, which consists of: Net interest income of $23.9 million, or $0.34 per common share Total expenses of $2.8 million, or $0.04 per common share Net realized and unrealized losses of $4.6 million, or $0.07 per share, on RMBS and derivative instruments,... More