NYSE$ORC

Orchid Island Ca · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Orchid Island Capital reported net income for the third quarter of 2020, driven by net interest income and portfolio gains.

Orchid Island Capital announced positive results for Q3 2020, with a net income of $28.1 million, or $0.42 per common share, a significant increase compared to the net loss in Q3 2019. The company's book value per share was $5.44 at the end of the quarter.

  • Net income was $28.1 million, or $0.42 per common share.
  • Net interest income totaled $25.2 million, or $0.37 per common share.
  • Total expenses amounted to $2.8 million, or $0.04 per common share.
  • Total dividends declared and paid were $0.19 per common share.

Headline financials

Total Revenue

$25.2M

Previous: $13.6M+85.3%
EPS (adj)

$2.10

Previous: -$0.70+400.0%
Constant prepayment rate

17.0%

No prior period
Leverage ratio

8.8

No prior period
Avg. yield on RMBS

3.2%

No prior period
Avg. cost of funds

0.3%

No prior period
Avg. economic cost of funds

1.1%

No prior period
Interest rate spread

2.9%

No prior period
Economic interest rate spread

2.1%

No prior period
Net Income

$28.1M

Previous: -$8.48M+431.5%
Operating Income

$30.9M

No prior period
Cash & Equivalents

$200M

Previous: $147M+35.5%
Total Assets

$3.81B

Previous: $4.25B-10.4%

Revenue & EPS history

Orchid Island · Revenue · Quarterly

$25.2M

Q3 2020+85.3%vs Q3 2019
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2020

Historical avgQ3 2020

-1.0%

Avg return

Earnings day

-2.1%

Avg return

5 days after

-3.7%

Avg return

30 days after

44%

25 / 57 earnings

Positive

+7.5%

Q4 2023

Best reaction

-12.4%

Q4 2016

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.2%+2.8%-1.2%
Q4 2025-5.7%-7.4%-10.0%
Q3 2025+2.7%-0.5%-3.2%
Q2 2025+1.2%-2.1%-2.3%
Q1 2025+5.1%+3.2%-0.1%
Q3 2024+1.4%+0.9%-1.4%
Q2 2024+1.3%+3.1%+4.5%
Q1 2024+1.0%-3.5%-0.7%
Q4 2023+7.5%+3.4%+8.5%
Q3 2023-1.3%+2.6%+20.8%
Q2 2023-4.0%-6.1%-14.5%
Q1 2023-1.8%-12.8%-7.5%
Q4 2022+1.7%-0.6%-8.9%
Q3 2022-0.1%+0.2%+8.0%
Q2 2022-1.9%-1.9%-19.9%
Q1 2022-4.1%+2.4%+5.2%
Q4 2021-4.8%-11.2%-5.9%
Q3 2021-1.2%-1.2%-4.4%
Q2 2021-3.1%-4.1%+0.2%
Q1 2021-1.4%-1.8%-2.0%
Q4 2020-2.1%-1.0%+2.4%
Q3 2020+1.2%+3.3%+6.8%
Q2 2020+1.2%-2.2%+1.4%
Q1 2020-5.1%-6.8%+2.0%
Q4 2019+3.2%-2.2%-59.4%
Q3 2019-4.1%-3.8%-2.9%
Q2 2019+0.6%+0.6%-13.0%
Q1 2019-1.0%-4.6%-4.9%
Q4 2018-0.6%-1.1%-3.8%
Q3 2018-3.8%-6.9%-2.2%
Q2 2018-2.1%-1.9%-4.0%
Q1 2018-2.9%-6.6%-1.9%
Q4 2017-2.7%+1.4%-2.7%
Q3 2017+2.7%-0.9%-1.6%
Q2 2017+1.7%+0.5%+2.4%
Q1 2017-3.8%-2.6%-8.3%
Q4 2016-12.4%-17.5%-18.8%
Q3 2016+3.3%+3.8%+2.9%
Q2 2016+1.1%+1.3%-3.4%
Q1 2016-10.6%
Q4 2015+3.0%
Q3 2015-10.4%
Q2 2015+3.7%
Q1 2015-0.4%
Q4 2014-6.5%
Q3 2014+0.1%
Q2 2014-0.3%
Q1 2014+1.5%
Q4 2013+1.8%
Q3 2013-0.9%
Q3 2012-0.9%
Q2 2012+0.9%
Q2 2013-1.1%
Q1 2013+0.2%
Q1 2012+0.2%
Q4 2011-3.3%
Q4 2012-3.3%
Q3 2011
Q2 2011
Q1 2011

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