Orchid Island Capital (ORC) Interest Expense - Fed Funds (2012 - 2024)
Orchid Island Capital (ORC) reported Interest Expense - Fed Funds of $51.4 million for Q1 2024, up 21.66% year-over-year from $42.2 million in Q2 2023, and down 1.84% on a QoQ basis from $52.3 million in Q4 2023.
Orchid Island Capital (ORC) has 13 years of Interest Expense - Fed Funds data on file, last reported at $51.4 million in Q1 2024.
- Quarterly Interest Expense - Fed Funds rose 21.66% year-over-year to $51.4 million in Q1 2024, while the trailing twelve-month figure through Mar 2024 was $211.1 million (up 108.42% YoY) and the FY2023 annual result came in at $201.9 million, up 227.22% from the prior year.
- Interest Expense - Fed Funds retreated to $51.4 million in Q1 2024 per ORC's latest filing, from $52.3 million in the prior quarter.
- Across five years, Interest Expense - Fed Funds topped out at $58.7 million in Q3 2023 and bottomed at $1.6 million in Q2 2021.
- The 5-year median for Interest Expense - Fed Funds is $8.2 million (2022), against an average of $20.4 million.
- The widest annual swing landed in 2020, when Interest Expense - Fed Funds plunged 90.85%; it then jumped 1490.09% in 2023.
- Tracing ORC's Interest Expense - Fed Funds over 5 years: stood at $2.0 million in 2020, then grew by 0.6% to $2.0 million in 2021, then soared by 1358.82% to $29.5 million in 2022, then surged by 77.3% to $52.3 million in 2023, then slipped by 1.84% to $51.4 million in 2024.
- Per Business Quant, the three latest ORC Interest Expense - Fed Funds figures stand at $51.4 million (Q1 2024), $52.3 million (Q4 2023), and $58.7 million (Q3 2023).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Annaly Capital Management | 15.61 Bn | 13.35 Bn | - |
| 2 | AGNC Investment | 11.52 Bn | 10.85 Bn | - |
| 3 | Starwood Property Trust | 6.36 Bn | 6.36 Bn | - |
| 4 | Rithm Capital | 5.16 Bn | 4.85 Bn | - |
| 5 | Blackstone Mortgage Trust | 3.04 Bn | 2.49 Bn | - |
| 6 | Dynex Capital | 2.57 Bn | 1.80 Bn | - |
| 7 | Armour Residential REIT | 2.00 Bn | 1.27 Bn | - |
| 8 | Ellington Financial | 1.67 Bn | 1.39 Bn | - |
| 9 | Two Harbors Investment | 1.31 Bn | 763.45 Mn | - |
| 10 | Orchid Island Capital | 1.29 Bn | 612.78 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2024 | 51.36 Mn |
| Dec 31, 2023 | 52.33 Mn |
| Sep 30, 2023 | 58.71 Mn |
| Jun 30, 2023 | 48.67 Mn |
| Mar 31, 2023 | 42.22 Mn |
| Dec 31, 2022 | 29.51 Mn |
| Sep 30, 2022 | 21.36 Mn |
| Jun 30, 2022 | 8.18 Mn |
| Mar 31, 2022 | 2.66 Mn |
| Dec 31, 2021 | 2.02 Mn |
| Sep 30, 2021 | 1.57 Mn |
| Jun 30, 2021 | 1.56 Mn |
| Mar 31, 2021 | 1.94 Mn |
| Dec 31, 2020 | 2.01 Mn |
| Sep 30, 2020 | 2.04 Mn |
| Jun 30, 2020 | 4.48 Mn |
| Mar 31, 2020 | 16.52 Mn |
| Dec 31, 2019 | 20.02 Mn |
| Sep 30, 2019 | 22.32 Mn |
| Jun 30, 2019 | 22.43 Mn |
| Mar 31, 2019 | 18.89 Mn |
| Dec 31, 2018 | 19.74 Mn |
| Sep 30, 2018 | 18.89 Mn |
| Jun 30, 2018 | 16.58 Mn |
| Mar 31, 2018 | 15.15 Mn |
| Dec 31, 2017 | 13.56 Mn |
| Sep 30, 2017 | 12.64 Mn |
| Jun 30, 2017 | 8.76 Mn |
| Mar 31, 2017 | 6.72 Mn |
| Dec 31, 2016 | 4.98 Mn |
| Sep 30, 2016 | 3.98 Mn |
| Jun 30, 2016 | 3.33 Mn |
| Mar 31, 2016 | 3.32 Mn |
| Dec 31, 2015 | 2.37 Mn |
| Sep 30, 2015 | 2.04 Mn |
| Jun 30, 2015 | 1.57 Mn |
| Mar 31, 2015 | 1.30 Mn |
| Dec 31, 2014 | -1.13 Mn |
| Sep 30, 2014 | 818,000.00 |
| Jun 30, 2014 | 676,000.00 |
| Mar 31, 2014 | 411,000.00 |
| Dec 31, 2013 | -309,000.00 |
| Sep 30, 2013 | -294,000.00 |
| Jun 30, 2013 | -322,000.00 |
| Mar 31, 2013 | -201,000.00 |
| Dec 31, 2012 | -459,815.00 |
| Sep 30, 2012 | 58,381.00 |
| Jun 30, 2012 | 73,766.00 |
| Mar 31, 2012 | 50,667.00 |