orc8k20210429

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):

April 29, 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 April 29, 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 March 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”

made pursuant to

the safe harbor

provisions of the

Private Securities Litigation

Reform Act of

1995, including, but

not limited to

statements regarding interest

rates, liquidity,

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 the

Federal Reserve,

market expectations,

future

dividends, the stock repurchase program and general economic conditions. Forward-looking statements typically are identified

by use of terms such as “believe,” “expect,” “anticipate,” “estimate,” “plan,”

“continue,” “intend,” “should,” “may” or similar

expressions. Forward-looking statements are based on the Company’s beliefs, assumptions and expectations of the Company’s

future performance, taking into

account all information currently

available to the Company.

The Company cannot assure you

that actual results will not vary from the

expectations contained in the forward-looking

statements. All of the forward-looking

statements are

subject to

numerous possible

events, factors

and conditions,

many of

which are

beyond the

control of

the

Company and not all of which

are known to the Company, including, without limitation, market conditions

and those described

in the Company’s

Annual Report on Form

10-K for the

fiscal year ended

December 31, 20

20,

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 us. Except

as required by

law, the

Company is not

obligated to, and

does not intend

to, update or revise

any forward-looking statements,

whether as a result

of new information,

future events or

otherwise.

ITEM 9.01. FINANCIAL STATEMENTS

AND EXHIBITS.

(d)

Exhibits

Exhibit No.

Description

99.1

Press Release dated April 29, 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: April 29, 2021

ORCHID ISLAND CAPITAL,

INC.

By:

/s/ Robert E. Cauley

Robert E. Cauley

Chairman and Chief Executive Officer