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):

February 24, 2022

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 February 24, 2022, 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 December 31, 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,

pledging

of our

structured

RMBS, funding

levels and

spreads, prepayment

speeds,

portfolio

positioning

and repositioning,

hedging levels,

dividends, growth,

the supply

and demand

for Agency

RMBS, the

effect of

actual or

expected actions

of the

U.S.

government,

including

the Federal

Reserve,

market

expectations,

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

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