Orchid Island Capital Announces Estimated Second Quarter 2026 Results and June 30, 2026 RMBS Portfolio Characteristics

About this update from Orchid Island Capital, Inc.

Estimated Book Value Per Share as of June 30, 2026 of $7.22 Estimated GAAP net income of $0 .44 per share for the quarter ended June 30, 2026 including an estimated $0 .18 per share of net realized and unrealized gains on RMBS and derivative instruments Estimated 6.2% total return on equity for the quarter ended June 30, 2026  Estimated book value, net income and total return on equity amounts are preliminary, subject to change, and subject to review by the Company’s independent registered public accounting firm RMBS Portfolio Characteristics as of June 30, 2026  Vero Beach, Fla. , July 13, 2026 (GLOBE NEWSWIRE) -- Orchid Island Capital, Inc. (the “Company”) (NYSE: ORC) announced today its estimated second quarter of 2026 results and portfolio characteristics as of June 30, 2026 . Shares Outstanding As of July 13, 2026 and June 30, 2026 , the Company had 199,603,438 shares of common stock outstanding. As of March 31, 2026 , the Company had 196,700,226 shares of common stock outstanding. Estimated June 30, 2026 Book Value Per Share The Company’s estimated book value per share as of June 30, 2026 was $7.22 .  The Company computes book value per share by dividing total stockholders' equity by the total number of outstanding shares of common stock. At June 30, 2026, the Company's preliminary estimated total stockholders' equity was approximately $1.4 billion with 199,603,438 shares of common stock outstanding. These figures and the resulting estimated book value per share are preliminary, subject to change, and subject to review by the Company’s independent registered public accounting firm.  Estimated Net Income   Per Share   and Realized and Unrealized Gains on RMBS and Derivative Instruments The Company estimates it generated net income per share of $0 .44 for the quarter ended June 30, 2026, which includes an estimated $0 .18 per share of net realized and unrealized gains on RMBS and derivative instruments. These amounts compare to total dividends declared during the quarter of $0 .30 per share. Net income per common share calculated under generally accepted accounting principles can, and does, differ from our real estate investment trust ("REIT") taxable income.  The Company views REIT taxable income as a better indication of income to be paid in the form of a dividend rather than net income. Many components of REIT taxable income can only be estimated at this time and our monthly dividends declared are based on both estimates of REIT taxable income to be earned over the course of the current quarter and calendar year and a longer-term estimate of the REIT taxable income of the Company. These figures are preliminary, subject to change, and subject to review by the Company’s independent registered public accounting firm.  Estimated Total Return on Equity The Company’s estimated total return on equity for the quarter ended June 30, 2026 was 6.2%. The Company calculates total return on equity as the sum of dividends declared and paid during the quarter plus changes in book value during the quarter, divided by the Company’s stockholders’ equity at the beginning of the quarter. The total return was $0.44 per share, comprised of dividends per share of $0.30 and an increase in book value per share of $0.14 from June 30, 2026 . RMBS Portfolio Characteristics Details of the RMBS portfolio as of June 30, 2026 are presented below. These figures are preliminary and subject to change and, with respect to figures that will appear in the Company’s financial statements and associated footnotes as of and for the quarter ended June 30, 2026, are subject to review by the Company’s independent registered public accounting firm: RMBS Valuation Characteristics RMBS Assets by Agency Investment Company Act of 1940 ( Whole Pool ) Test Results Repurchase Agreement Exposure by Counterparty RMBS Risk Measures About Orchid Island Capital, Inc. Orchid Island Capital, Inc. is a specialty finance company that invests on a leveraged basis in Agency RMBS. Our investment strategy focuses on, and our portfolio consists of, two categories of Agency RMBS: (i) traditional pass-through Agency RMBS, such as mortgage pass-through certificates and collateralized mortgage obligations issued by Fannie Mae, Freddie Mac or Ginnie Mae , and (ii) structured Agency RMBS. The Company is managed by Bimini Advisors, LLC , a registered investment adviser with the Securities and Exchange Commission. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements are based upon Orchid Island Capital , Inc.’s present expectations, but these statements are not guaranteed to occur. Investors should not place undue reliance upon forward-looking statements. For further discussion of the factors that could affect outcomes, please refer to the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025 .   RMBS Valuation Characteristics ($ in thousands)                                                                           Realized                                                                           Realized   Apr-26 -                                                                           Jun-26   Jun-26                                           Net                   Weighted   CPR   CPR                                           Weighted                   Average   (1-Month)   (3-Month)   Modeled Interest     Current   Fair   % of   Current   Average                   Maturity   (Reported   (Reported   Rate Sensitivity (1) Type   Face   Value   Portfolio   Price   Coupon   GWAC   Age   (Months)   in July)   in July)   (-50 BPS)   (+50 BPS) Fixed Rate RMBS                                                                                                 30yr 3.0   $ 315,785     $ 280,604       2.43 %     88.86       3.00 %     3.52 %     62       291       8.1 %     6.5 %   $ 8,376     $ (8,497 ) 30yr 3.5     37,144       33,944       0.29 %     91.39       3.50 %     4.30 %     81       260       1.7 %     3.7 %     993       (1,011 ) 30yr 4.0     47,532       45,097       0.39 %     94.88       4.00 %     4.77 %     85       270       10.2 %     11.4 %     1,169       (1,208 ) 30yr 4.5     436,796       422,712       3.66 %     96.78       4.50 %     5.46 %     30       326       7.6 %     6.1 %     9,135       (10,098 ) 30yr 5.0     2,163,688       2,140,194       18.55 %     98.91       5.00 %     6.00 %     13       344       4.6 %     5.2 %     40,360       (47,402 ) 30yr 5.5     4,030,632       4,086,306       35.41 %     101.38       5.50 %     6.45 %     13       343       6.4 %     6.6 %     60,965       (76,234 ) 30yr 6.0     3,051,319       3,146,124       27.26 %     103.11       6.00 %     6.92 %     18       336       11.0 %     15.1 %     31,503       (43,625 ) 30yr 6.5     1,261,375       1,317,446       11.42 %     104.45       6.50 %     7.39 %     20       334       22.2 %     22.8 %     9,259       (13,756 ) 30yr 7.0     52,676       55,771       0.48 %     105.88       7.00 %     7.91 %     31       321       15.6 %     42.4 %     458       (600 ) Total Pass-Through RMBS     11,396,947       11,528,198       99.90 %     101.15       5.54 %     6.47 %     18       338       9.2 %     10.9 %     162,218       (202,431 ) Total Structured RMBS     82,573       11,966       0.10 %     14.49       3.39 %     4.59 %     139       204       7.2 %     7.0 %     63       95                                                                                                     Total Mortgage Assets   $ 11,479,520     $ 11,540,164       100.00 %             5.52 %     6.45 %     19       337       9.2 %     10.9 %   $ 162,281     $ (202,336 )                                                                                                           Hedge   Modeled Interest     Notional Period   Rate Sensitivity (1) Hedge   Balance End   (-50 BPS)   (+50 BPS) 3-Month SOFR Futures   $ (390,000 ) Jan-27   $ (1,950 )   $ 1,950   10-Year Treasury Future(3)     (188,600 ) May-33     (6,062 )     5,854   10-Year Ultra Treasury Future(4)     (60,000 ) Feb-36     (2,628 )     2,542   ERIS SOFR Swap Futures     (10,000 ) Sep-31     (182 )     177   Swaps     (7,814,200 ) Feb-31     (160,872 )     155,615   Swaptions     (1,000,000 ) Dec-31     (2,737 )     5,001   TBA Short     (594,900 ) Jul-26     (8,005 )     10,686   Hedge Total   $ (10,057,700 )     $ (182,436 )   $ 181,825   Rate Shock Grand Total             $ (20,155 )   $ (20,511 ) (1)   Modeled results from Citigroup Global Markets Inc. Yield Book. Interest rate shocks assume instantaneous parallel shifts and horizon prices are calculated assuming constant SOFR option-adjusted spreads. These results are for illustrative purposes only and actual results may differ materially. (2)   Ten-year Treasury futures contracts were valued at prices of $109 .89 at June 30, 2026. The market value of the short position was $207.3 million. (3)   Ten-year Ultra futures contracts were valued at prices of $112.47 at June 30, 2026 The market value of the short position was $67.5 million.       RMBS Assets by Agency ($ in thousands)             Percentage     Fair   of Asset Category   Value   Portfolio As of June 30, 2026                 Fannie Mae   $ 6,022,656       52.2 % Freddie Mac     5,517,509       47.8 % Total Mortgage Assets   $ 11,540,165       100.0 %                   Investment Company Act of 1940 Whole Pool Test ($ in thousands)             Percentage     Fair   of Asset Category   Value   Portfolio As of June 30, 2026                 Non-Whole Pool Assets   $ 574,055       5.0 % Whole Pool Assets     10,966,109       95.0 % Total Mortgage Assets   $ 11,540,164       100.0 %                   Borrowings By Counterparty ($ in thousands)                     Weighted   Weighted                 % of   Average   Average         Total   Total   Repo   Maturity   Longest As of June 30, 2026   Borrowings   Debt   Rate   in Days   Maturity Wells Fargo Securities, LLC   $ 568,720       5.1 %     3.77 %     14   8/19/2026 Marex Capital Markets Inc.     497,411       4.5 %     3.78 %     20   7/23/2026 StoneX Financial Inc.     486,529       4.4 %     3.79 %     73   9/23/2026 Hidden Road Partners Civ US LLC     484,902       4.4 %     3.76 %     53   8/26/2026 Citigroup Global Markets Inc     483,698       4.4 %     3.76 %     29   9/21/2026 ABN AMRO Bank N.V.     477,675       4.3 %     3.76 %     24   7/27/2026 ASL Capital Markets Inc.     472,828       4.3 %     3.77 %     57   9/21/2026 The Bank of Nova Scotia     460,634       4.2 %     3.75 %     27   8/13/2026 South Street Securities, LLC     458,067       4.1 %     3.82 %     68   11/13/2026 J.P. Morgan Securities LLC     451,719       4.1 %     3.78 %     27   7/27/2026 RBC Capital Markets, LLC     445,012       4.0 %     3.82 %     27   7/27/2026 Cantor Fitzgerald & Co     424,847       3.8 %     3.76 %     24   7/24/2026 DV Securities, LLC Repo     423,823       3.8 %     3.77 %     47   8/27/2026 Banco Santander SA     413,756       3.7 %     3.77 %     14   7/20/2026 Daiwa Securities America Inc.     407,688       3.7 %     3.81 %     67   9/23/2026 Clear Street LLC     407,554       3.7 %     3.76 %     17   7/20/2026 Goldman, Sachs & Co     395,928       3.6 %     3.76 %     27   7/27/2026 Bank of Montreal     376,058       3.4 %     3.76 %     15   7/15/2026 ING Financial Markets LLC     370,344       3.3 %     3.80 %     13   7/13/2026 Brean Capital, LLC     299,159       2.7 %     3.76 %     21   7/27/2026 Mirae Asset Securities (USA) Inc.     296,573       2.7 %     3.79 %     47   8/24/2026 MUFG Securities Canada, Ltd.     268,537       2.4 %     3.75 %     30   8/4/2026 Morgan Stanley & Co. LLC     260,567       2.4 %     3.74 %     9   7/15/2026 Merrill Lynch, Pierce, Fenner & Smith     252,699       2.3 %     3.78 %     26   7/27/2026 Mitsubishi UFJ Securities (USA), Inc.     239,196       2.2 %     3.77 %     22   7/22/2026 TD Securities (USA) LLC     219,140       2.0 %     3.78 %     42   8/11/2026 Nomura Securities International, Inc.     212,865       1.9 %     3.76 %     40   8/14/2026 Mizuho Securities USA LLC     182,067       1.6 %     3.77 %     15   7/15/2026 Natixis , New York Branch     137,685       1.2 %     3.76 %     19   7/24/2026 BNP Paribas Securities Corp.     135,654       1.2 %     3.78 %     41   8/10/2026 Lucid Prime Fund, LLC     30,438       0.3 %     3.75 %     16   7/16/2026 Canyon Partners, LLC     23,899       0.2 %     3.71 %     17   7/17/2026 Mesirow Financial, Inc.     21,243       0.2 %     3.75 %     16   7/16/2026 Total Borrowings   $ 11,086,915       100.0 %     3.77 %     32   11/13/2026                                     Contact: Orchid Island Capital, Inc. Robert E. Cauley 3305 Flamingo Drive , Vero Beach, Florida 32963 Telephone: (772) 231-1400 Source: Orchid Island Capital, Inc. 2026 GlobeNewswire, Inc., source Press Releases

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