Orchid Island Capital Inc (ORC) Q1 2025 Earnings Call Highlights: Strong EPS Growth Amid Market ...
Summary
Orchid Island Capital Inc (NYSE:ORC) reported an increase in earnings per share to $0.18 in Q1 2025, up from $0.07 in Q4 2024. ORC raised $206 million in capital during the first quarter, which was slightly accretive to shareholders. The company successfully repositioned its portfolio by adding higher coupon, shorter-duration assets, which are expected to generate attractive returns. Market volatility and uncertainty, particularly related to tariffs and economic conditions, pose challenges to future performance. The potential impact of the Rocket Mortgage and Nationstar merger could negatively affect the convexity of the mortgage universe, impacting ORCs portfolio performance.Q: Can you tell me where you see your duration gap both at the end of the quarter and to date after the sales you made?