ORC Orchid Island Capital (ORC) Q2 FY26 earnings call
Orchid Island Capital delivered a strong Q2 FY26, marked by positive EPS and book value growth, and a robust total return, despite a dividend reduction. The company fine-tuned its portfolio by shifting to lower coupons and increased hedge coverage, aiming for stability amidst a flattening yield curve and rising interest rate uncertainty. Management anticipates continued market volatility and potential for higher rates, which could make mortgages more attractive for future capital deployment.
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ORC operating KPIs by quarter
| KPI | This call Jun 2026 Q2 FY26 | Sep 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|
| Prepayment speeds | 10.9%During Q2, we experienced prepayment speeds of 10.9% compared to 14.7% in Q1, and our liquidity is down slightly to 53.7% compared to 54.5% at the end of Q1.Source: earnings call transcript | 8.4%3-month CPR during the quarter was 8.4% compared to 10.9% during Q2.Source: earnings call transcript | -2.5 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.