
Orchid Island Capital 10-Q: Net interest income $57.1M, EPS $(0.11)

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Orchid Island Capital reported a net interest income of $57.1 million for the quarter, attributed to higher interest income of $157.8 million and increased average RMBS balances. The company faced a net loss of $20.0 million, primarily due to unrealized RMBS losses of $115.97 million, partially offset by $46.31 million in derivative gains, resulting in an EPS of $(0.11). The firm continues its REIT distribution strategy and active balance sheet management amid market uncertainty.
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