Orchid Island: Fourth Quarter Financial Overview
Orchid Island Capital Announces Fourth Quarter Financial Results
Orchid Island Capital Inc., based in Vero Beach, Florida, announced on Thursday that it achieved a net profit of $103.4 million during the fourth quarter.
The company reported earnings of 62 cents per share for the quarter. When excluding investment-related gains, adjusted earnings stood at 19 cents per share.
Over the entire year, Orchid Island Capital posted a total net income of $159 million, translating to $1.24 per share.
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