Orchid Island Capital increases stock buyback authorization to 26.6M shares

Orchid Island Capital's board approved an additional 25 million shares for repurchase, bringing total authorization to 26.6 million shares or 13.3% of outstanding shares. The company also reported estimated book value per share of $7.24-$7.28 as of June 18, 2026, representing a 2.3-2.8% increase since March 31, 2026.