orc8k20210729

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON,

DC 20549

FORM

8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):

October 28, 2021

Orchid Island Capital, Inc.

(Exact Name of Registrant as Specified in Charter)

Maryland

001-35236

27-3269228

(State or Other Jurisdiction of

Incorporation)

(Commission File Number)

(IRS Employer Identification No.)

3305 Flamingo Drive

Vero Beach

Florida

32963

(Address of Principal Executive Offices) (Zip Code)

Registrant’s telephone number,

including area code

(

772

)

231-1400

N/A

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended

to simultaneously satisfy the filing obligation of the

registrant under any of the following provisions:

☐

Written communications pursuant

to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a

-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b)

under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange

Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class:

Trading symbol:

Name of each exchange

on which registered:

Common Stock, par value $0.01 per share

ORC

NYSE

Indicate by check mark whether the registrant is an emerging growth

company as defined in Rule 405 of the Securities Act of

1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange

Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

☐

If an emerging growth company,

indicate by check mark if the registrant has elected not to use the extended transition period

for complying with any new or revised financial accounting standards provided

pursuant to Section 13(a) of the Exchange

Act.

☐

ITEM 2.02.

RESULTS OF

OPERATIONS AND FINANCIAL

CONDITION.

On October 28, 2021, Orchid Island Capital, Inc. (the “Company”)

issued the press release attached hereto as Exhibit 99.1

announcing the Company’s results of

operations for the period ended September 30, 2021. In addition, the

Company posted

supplemental financial information on the investor relations section of its website

(https://ir.orchidislandcapital.com).

The

press release, attached as Exhibit 99.1, is being furnished under this “Item

2.02 Results of Operations and Financial

Condition,” and shall not be deemed “filed” for purposes of Section 18

of the Securities Exchange Act of 1934, nor shall it be

deemed incorporated by reference in any disclosure document of the Company,

except as shall be expressly set forth by

specific reference in such document.

Caution About Forward-Looking Statements.

This Current Report on Form 8-K contains forward-looking statements within

the meaning of the Private Securities Litigation

Reform Act of

1995 and other

federal securities laws,

including, but not limited

to, statements regarding interest

rates, liquidity,

inflation, portfolio

performance, pledging

of our

structured RMBS,

funding levels

and spreads,

prepayment speeds,

returns,

portfolio positioning and repositioning, book value, investment and operating strategy,

hedging levels, the supply and demand

for

Agency RMBS,

the effect

of actions

of the

U.S. government,

including asset

purchases by

the Federal

Reserve, market

expectations,

future

dividends,

the

stock

repurchase

program

and

general

economic

conditions.

These

forward-looking

statements are

based upon

the Company’s

present expectations,

but the

Company cannot

assure investors

that actual

results

will not

vary

from the

expectations

contained

in the

forward-looking

statements. Investors

should

not place

undue

reliance

upon forward-looking

statements. For

further discussion

of the

factors that

could affect

outcomes,

please refer

to the

“Risk

Factors” section of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2020, which has been

filed with the

Securities and Exchange

Commission (the “SEC”),

and other documents

that the Company

files with the

SEC.

All forward-looking statements speak only as of the date on which they are made. New risks and uncertainties arise over time,

and it is not possible to predict

those events or how they may

affect the Company.

Except as required by law,

the Company is

not

obligated

to,

and

does

not

intend

to,

update

revise

any

forward-looking

statements,

whether

result

new

information, future events or otherwise.

Item 9.01. Financial Statements and Exhibits.

(d)

Exhibits

Exhibit No.

Description

99.1

Press Release dated October 28, 2021

104

Cover Page Interactive Data File (embedded within the Inline XBRL

document)

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this

report to be signed on

its behalf by the undersigned hereunto duly authorized.

Date: October 28, 2021

ORCHID ISLAND CAPITAL,

INC.

By:

/s/ Robert E. Cauley

Robert E. Cauley

Chairman and Chief Executive Officer