Orchid Island Capital Inc 2024年度报告

20ϮϰANNUALREPORT UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549 FORM 10-K ցANNUAL REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 տTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __ to __ Orchid Island Capital, Inc.(Exact name of registrant as specified in its charter) 27-3269228(I.R.S. EmployerIdentification No.) 3305 Flamingo Drive, Vero Beach, Florida 32963(Address of principal executive offices) (Zip Code) (772) 231-1400(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Name of Each Exchange on WhichRegisteredNew York Stock Exchange Trading Symbol: Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. YesցNoտ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. YesտNoցIndicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days. YesցNoտ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuantto Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrantwas required to submit such files). YesցNoտ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. տAccelerated filerտSmaller reporting companyEmerging growth company Large accelerated filerNon-accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.տ Indicate by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectivenessof its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registeredpublic accounting firm that prepared or issued its audit report.ց If securities are registered pursuant to Section 12(b) of the Exchange Act, indicate by check mark whether the financial statements ofthe registrant included in the filing reflect the correction of an error to previously issued financial statements.տ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant's executive officers during the relevant recovery period pursuant to Section 240.10D-1(b).տ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). YesտNoց As of June 30, 2024 the aggregate market value of the common stock held by nonaffiliates was $533,569,423 Number of shares outstanding at February 20, 2025: 93,293,628 DOCUMENTS INCORPORATED BY REFERENCE: Portions of the Registrant's definitive Proxy Statement, to be issued in connection with the 2025 Annual Meeting of Stockholdersof the Registrant, are incorporated by reference into Part III of this Annual Report on Form 10-K (this“Report”). ORCHID ISLAND CAPITAL, INC. INDEX PART IITEM 1. Business.ITEM 1A. Risk Factors.ITEM 1B. Unresolved StaffComments.ITEM 1C. Cybersecurity.ITEM 2. Properties.ITEM 3. Legal Proceedings.ITEM 4. Mine Safety Disclosures.PART IIITEM 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of EquitySecurities.ITEM 6. Reserved.ITEM 7. Management's Discussion and Analysis of Financial Condition and Results of Operations.ITEM 7A. Quantitative and Qualitative Disclosures About Market Risk.ITEM 8. Financial Statements and Supplementary Data.ITEM 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.ITEM 9A. Controls and Procedures.ITEM 9B. Other Information.ITEM 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections.PART IIIITEM 10. Directors, Executive Officers and Corporate Governance.ITEM 11. Executive Compensation.ITEM 12. Security Ownership of Certain Beneficial Owners and Management and Related StockholderMatters.ITEM 13. Certain Relationships and Related Transactions,